27 Apr 2012 12:27
For Immediate Release
27 April 2012
SOLO OIL PLC
("Solo" or the "Company")
Director's Dealings
The Board of Solo was informed today that Neil Ritson, Director, has purchased yesterday a total of 4,000,000 ordinary shares of 0.01p each in the Company at an average price of 0.54p per share. This purchase takes Mr Ritson's total holding to 21,000,000 ordinary shares, representing 0.82% of the Company's total issued share capital.
In addition, Mr Ritson holds 40 million options to subscribe for ordinary shares in the Company at an exercise price of 0.5 pence per share that expire on 21 December 2012.
Enquiries:
Solo Oil plc
David Lenigas
Tel +44 (0) 20 7016 5103
Beaumont Cornish Limited
Roland Cornish
Tel +44 (0) 20 7628 3396