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Last checked at 
22 Jan 2009 07:00
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For immediate release |
22 January 2009 |
Rift Oil Plc ("Rift" or "the Company")
Director's Shareholding
The Company was informed on 21 January 2009 that on 12 January 2009, Thornaby Limited had entered into a stock lending agreement with an unconnected third party pursuant to which it had lent the third party 7,000,000 Ordinary Shares in Rift. Thornaby has not received nor will it receive, any consideration for the loan and the shares are to be returned on 12 January 2010 unless the loan is extended.
Thornaby's holding of shares in the company is reduced to 72,615,825 Ordinary Shares, representing 9.1% of the Company's issued share capital.
Thornaby Limited is a company the entire issued share capital of which is owned by the I.R Gowrie-Smith Family Settlement, the beneficiaries of which include Ian Gowrie-Smith. Accordingly, the number of shares in which Ian Gowrie-Smith is now deemed interested is 72,615,825 ordinary shares representing 9.1% of the Company's issued share capital.
Enquiries:
Rift Oil plc +44 20 7340 9970
David Lees, Finance Director
RBC Capital Markets +44 20 7653 4804
Andrew Smith / Sarah Wharry
Buchanan Communications +44 20 7466 5000
Tim Anderson / Isabel Podda
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