27 Feb 2012 11:20
Max Petroleum Plc
(the "Company" or "Max Petroleum")
Exercise of warrants
27 February 2012
The Company announces today that on 23 February 2012, pursuant to a warrant deed to subscribe for ordinary shares of the Company dated 12 August 2009, a warrantholder elected for the cashless exercise of its right to subscribe for 10,000,000 Ordinary Shares at an exercise price of 4.538 - 5.673p per ordinary share, resulting in the issue and allotment of 6,414,110 new Ordinary Shares.
Application has been made for these Shares to be admitted to trading on AIM on 1 March 2012. For the purposes of the Financial Services Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following this allotment consisted of 1,018,188,858 Shares with voting rights attached (one vote per Share). There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Max Petroleum under the DTRs.
Enquiries:
Max Petroleum Plc
| Michael Young President and Chief Financial Officer | Tel: +44 (0)207 355 9590
|
Tom Randell Director of Investor Relations
| ||
Merlin PR
| David Simonson/ Anca Spiridon | Tel: +44 (0)207 726 8400 |
WH Ireland Ltd
| Daniel Bate / Robin Gwyn | Tel: +44 (0)161 832 2174
|
Macquarie Capital | Paul Connolly / Steve Baldwin | Tel: +44 (0)203 037 2000 |
Oriel Securities | Michael Shaw / Ashton Clanfield | Tel: +44 (0)207 710 7600 |
MXP.L (MXP)