Holding(s) in Company

11 Mar 2005 16:57

Desire Petroleum PLC11 March 2005 DESIRE PETROLEUM PLC ("Company") Shareholding in Company The Company announces that it today received notice, pursuant to s.324 of theCompanies Act 1985, that following its announcement to AIM on 10 March 2005 of aplacing ("Placing") of 35,555,556 new ordinary shares of 1 pence each in theCompany ("New Ordinary Shares") at 45 pence per share and an open offer ("OpenOffer") of 20,335,100 New Ordinary Shares at 45 pence per share, that thefollowing directors are now beneficially interested in the Company's issuedshare capital as follows: Current number Percentage of issued ordinary of Company's shares interested in current issued ordinary share capital Dr Alan John Martin* 744,032 0.34Dr Ian Gordon Duncan** 332,826 0.15Stephen Lawrey Phipps*** 32,944,394 15.07Walter Ian Logan Forrest* 1,459,905 0.67***Dr David Huw Quick***** 1,467,816 0.67 * the Ordinary Shares shown against Dr Alan John Martin include 256,832 OrdinaryShares held by his wife ** the Ordinary Shares shown against Dr Ian Gordon Duncan include 92,571Ordinary Shares held by Hargreave Hale Nominees Limited for Dr Duncan and hiswife and 107,143 Ordinary Shares held by Chase Energy Limited, of which he is adirector and shareholder. Dr Duncan's wife subscribed for 11,112 New OrdinaryShares pursuant to the Open Offer *** 30,104,394 Ordinary Shares shown against Stephen Lawrey Phipps are legallyand beneficially held by Phipps & Company, of which he is a director andshareholder (this company subscribed for 555,556 New Ordinary Shares pursuant tothe Open Offer). The remaining 2,840,000 Ordinary Shares shown against StephenLawrey Phipps are held by Dr Colin Phipps, Marion Phipps and Michael Field astrustees of the Phipps & Company Limited retirement benefit scheme **** the Ordinary Shares shown against Walter Ian Logan Forrest include 284,051Ordinary Shares held by Panares Resources Inc.(Mr Forrest is a director of thisCompany) of which 261,515 Ordinary Shares are held on behalf of Mr Forrest. Alsoincluded are 321,428 Ordinary Shares held by Micor Trading SA of which MrForrest is a director and 143,932 Ordinary Shares held by Rock Nominees Limitedon behalf of Panares Resources Inc. Mr Forrest subscribed for 11,112 NewOrdinary Shares pursuant to the Open Offer ***** the Ordinary Shares shown against Dr David Huw Quick include 40,000Ordinary Shares held by his wife and 1,372,816 Ordinary Shares held by QMMarketing Limited, of which Dr Quick is a director and shareholder This information is provided by RNS The company news service from the London Stock Exchange