11 May 2012 07:00
Immediate Release | 11th May, 2012 |
Gulfsands Petroleum plc ("the Company")
Directors Dealing
London, 11th May 2012: Gulfsands Petroleum plc ("Gulfsands", the "Group" or the "Company" - AIM: GPX), the oil and gas production, exploration and development company with activities in Syria, Iraq, Tunisia, Italy and the U.S.A., announces a purchase of shares in the Company by Nordman Continental S.A., a company owned by a discretionary trust of which the children of Mr. Mahdi Sajjad, a Director of the Company, are potential beneficiaries.
Nordman Continental SA has on 10th May, 2012 purchased 30,000 shares in the Company at a price of 111.75 pence per share and notified the Company on the same day.
Following this purchase Mr Sajjad will have an interest in a shareholding of 8,685,268 shares representing 7.37% of the Company's issued share capital and also 1,750,000 options.
For more information please contact:
Gulfsands Petroleum (London) | +44 (0)20 7434 6060 |
Richard Malcolm, Chief Executive Officer Kenneth Judge, Director: Corporate Development & Communications | |
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Buchanan (London) | +44 (0)20 7466 5000 |
Bobby Morse Ben Romney | |
RBC Capital Markets (London) | +44 (0)20 7653 4000 |
Josh Critchley Tim Chapman Matthew Coakes |