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14 Mar 2011 18:11
14 March 2011
REGAL PETROLEUM PLC
("Regal" or the "Company")
SALE OF SHARES BY DIRECTORS
The Company has today been notified that, following the closing of the increased, recommended partial cash offer (the "Offer") made by Energees Management Limited ("Energees") for up to 224,446,485 ordinary shares of 5 pence each in the capital of the Company and pursuant to the irrevocable undertakings given by the directors to accept the Offer and the proposals put to the holders of options under the Company's Long Term Incentive Plan by Energees, the following directors of the Company sold, on 10 March 2011, an aggregate of 1,871,413 ordinary shares of 5 pence each in the capital of the Company at the Offer price of 38 pence per share:
Name | Number of shares sold | Percentage of issued share capital |
Keith Henry | 433,334 | 0.14% |
Hendrikus Verkuil | 613,750 | 0.27% |
Robert Wilde | 653,750 | 0.20% |
Adrian Coates | 170,579 | 0.05% |
Accordingly, none of the directors of the Company currently hold any shares, options or other rights to subscribe for shares, in the capital of the Company.
Enquiries
For further information please contact:
Regal Petroleum plcKeith Henry, Chairman Telephone: +44 20 7408 9500Robert Wilde, Finance Director
Strand Hanson LimitedSimon Raggett Telephone: +44 20 7409 3494Rory Murphy
Citigate Dewe Rogerson
Martin Jackson Telephone: +44 20 7638 9571George Cazenove
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