18 Jun 2009 12:02
Max Petroleum Plc
(the "Company")
Holdings in Company
18 June 2009
On 17 June 2009, the Company received notification that Stichting Pensioenfonds ABP ("ABP") held an indirect beneficial interest in 22,051,773 Ordinary Shares arising from conversion rights of convertible bonds held in the Company, which are convertible into Ordinary Shares at a conversion price of 35p per share at a fixed USD/GBP exchange rate of $1.49 to £1. If these convertible bonds were exercised (and assuming no other warrants or options in the Company were exercised) the resulting holding of ABP would represent 5.69% of the then issued share capital of the Company. The Company currently has 365,278,737 Ordinary Shares in issue.
Enquiries:
| Max Petroleum Plc | Michael Young President and Chief Financial Officer | Tel: +44 (0)20 7355 9590 |
| Peter Moss Investor Relations Manager | ||
| Merlin PR | Tom Randell / Anca Spiridon | Tel: +44 (0)20 7653 6620 |
| WH Ireland Ltd | Daniel Bate | Tel: +44 (0)161 832 2174 |