(MXP.L) Max Petroleum PLC Buy/Sell

RNS Number : 9031B Max Petroleum PLC 03 November 2009

Max Petroleum Plc

(the "Company")

Holdings in Company

3 November 2009

On 2 November 2009, the Company received notification that, as at 30 October 2009 following the increase in the issued share capital of the Company to 410,113,672 ordinary shares ("Ordinary Shares") announced on that date, Macquarie Bank Limited ("Macquarie") held an indirect beneficial interest in 330,316,602 Ordinary Shares, consisting of 7,572,706 Ordinary Shares and a warrant entitling it to acquire a further 322,743,896 Ordinary Shares at an exercise price of 4.54-5.67p per share. If these warrants were exercised (and assuming no other warrants or options in the Company were exercised) the resulting holding of Macquarie would represent 44.6% of the then issued share capital of the Company. The Company currently has 410,590,338 Ordinary Shares in issue.

Enquiries:

Max Petroleum Plc Michael Young Tel: +44 (0)20 7355 9590
President and Chief Financial
Officer
Peter Moss
Vice President
Investor Relations and Business
Development
Merlin PR Tom Randell / Anca Spiridon Tel: +44 (0)20 7653 6620
WH Ireland Ltd Daniel Bate Tel: +44 (0)161 832 2174

This information is provided by RNS The company news service from the London Stock Exchange

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