Sign In
2 Jan 2013 18:14
Max Petroleum Plc
(the "Company" or "Max Petroleum")
Holdings in Company
2 January 2013
On 2 January 2013, the Company received notification that, as of 31 December 2012 General Enterprise Management Services (International) Limited ("GEMS") held an indirect and beneficial interest in 36,924,217 ordinary shares in the Company ("Ordinary Shares"), consisting of 9,397,899 Ordinary Shares and a warrant entitling GEMS to acquire a further 27,526,318 Ordinary Shares at an exercise price of 4.54-19.22p per share. If these warrants were exercised (and assuming no other warrants or options in the Company were exercised) the resulting holding of GEMS would be less than 3% of the voting rights of the then issued ordinary share capital of the Company. Therefore GEMS no longer holds a notifiable interest in the Company.
GEMS is the parent undertaking of Asia Resources Fund Ltd, which is the parent undertaking of ARF Energy Limited ("ARF"). ARF is the warrant holder and legal owner of the ordinary shares.
Enquiries:
Max Petroleum Plc
| Michael Young President and Chief Financial Officer | Tel: +44 (0)207 355 9590
|
Tom Randell Director of Investor Relations
| ||
College Hill
| David Simonson/ Anca Spiridon | Tel: +44 (0)207 457 2020 |
WH Ireland Ltd
| Daniel Bate / Katy Mitchell | Tel: +44 (0)161 832 2174
|
Macquarie Capital | Steve Baldwin/ Jeffrey Auld/ Nicholas Harland
| Tel: +44 (0)203 037 2000 |
Oriel Securities | Michael Shaw / Ashton Clanfield | Tel: +44 (0)207 710 7600 |
MXP.L (MXP)
Follow the stocks
