RNS Number : 6407C
Max Petroleum PLC
17 November 2009
Max Petroleum Plc
(the "Company")
Holdings in Company
17 November 2009
On 16 November 2009, the Company received notification that, as of 28 October 2009, Stichting Pensioenfonds ABP ("ABP") held a beneficial interest in 33,281,088 ordinary shares in the Company ("Ordinary Shares"), consisting of convertible bonds held in the Company, which are convertible into 24,081,088 Ordinary Shares at a conversion price of 35p per share at a fixed USD/GBP exchange rate of $1.49 to £1, and a warrant entitling ABP to acquire a further 9,200,000 Ordinary Shares at an exercise price of 5p per share. If these convertible bonds and warrants were exercised (and assuming no other convertible bonds, warrants or options in the Company were exercised) the resulting holding of ABP would represent 7.5% of the then issued share capital of the Company.
Enquiries:
Max Petroleum Plc Michael Young Tel: +44 (0)20 7355 9590
President and Chief Financial
Officer
Peter Moss
Vice President
Corporate Development and
Investor Relations
Merlin PR Tom Randell / Anca Spiridon Tel: +44 (0)207 726 8400
WH Ireland Ltd Daniel Bate Tel: +44 (0)161 832 2174
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