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30 May 2012 07:00
30 May 2012
PRESIDENT PETROLEUM COMPANY PLC
("President" or "the Company")
Director Dealing
The Company (AIM:PPC) has been informed on 29 May 2012 that Peter Levine, Executive Chairman, through Levine Capital Management Limited has on 29 May 2012, purchased in aggregate 25,000 ordinary shares of the Company of 0.01 pence, at a price of 27.5 pence per share.
Following this transaction, the total number of shares in the Company held beneficially by Mr Levine is 37,143,525 (excluding related parties), representing 28.89 % of the Company's total issued share capital.
For further information contact:
President Petroleum Company
John Hamilton, Director +44 (0) 207 811 0140
Ben Wilkinson, Finance Director +44 (0) 207 811 0140
RBC Capital Markets
Jeremy Low, Stephen Foss, Matthew Coakes +44 (0) 207 653 4000
Jefferies Hoare Govett
Simon Hardy, Max Jones +44 (0) 207 029 8316
Pelham Bell Pottinger +44 (0) 207 861 3232
James Henderson, Mark Antelme
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