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26 Feb 2010 16:59
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Max Petroleum Plc
(the "Company")
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Holdings in Company
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26 February 2010
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On 26 February 2010, the Company received notification that, as of 24 February 2010 General Enterprise Management Services (International) Limited ("GEMS") held directly and indirectly a beneficial interest in 46,428,546 ordinary shares in the Company ("Ordinary Shares"), consisting of 5,328,545 Ordinary Shares and a warrant entitling GEMS to acquire a further 41,100,001 Ordinary Shares at an exercise price of 4.54-5.67p per share. If these warrants were exercised (and assuming no other warrants or options in the Company were exercised) the resulting holding of GEMS would represent 9.8% of the voting rights of the then issued ordinary share capital of the Company.
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GEMS is the parent undertaking of Asia Resources Fund Ltd, which is the parent undertaking of ARF Energy Limited ("ARF"). ARF is the warrantholder and beneficial owner of the shares.
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Enquiries:
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Max Petroleum Plc Β Β |
Michael Young President and Chief Financial Officer |
Tel: +44 (0)20 7355 9590 Β |
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Peter Moss Vice President Corporate Development and Investor Relations Β |
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Merlin PR Β |
Tom Randell / Anca Spiridon |
Tel: +44 (0)207 726 8400 |
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WH Ireland Ltd Β |
Daniel Bate |
Tel: +44 (0)161 832 2174 Β |
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