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RNS Number : 8332D
Max Petroleum PLC
22 May 2012
Max Petroleum Plc
("Max Petroleum" or the "Company")
Holdings in Company
22 May 2012
On 21 May 2012, the Company received notification that, as of 17 May 2012, GLG Partners LP ("GLG") held a beneficial interest in 46,770,454 ordinary shares in the Company ("Ordinary Shares"), consisting of convertible bonds held in the Company, which are convertible into 43,470,454 Ordinary Shares on a delta adjusted basis at a conversion price of 32p per share at a fixed USD/GBP exchange rate of $1.49 to GBP1, and a warrant entitling GLG to acquire a further 3,300,000 Ordinary Shares at an exercise price of 5p per share. If these convertible bonds were converted and warrants exercised (and assuming no other convertible bonds, warrants or options in the Company were exercised) the resulting holding of GLG would represent 4.4% of the then issued share capital of the Company.
Enquiries:
Max Petroleum Michael Young Tel: +44 (0)207 355
Plc President and Chief Financial 9590
Officer
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
This information is provided by RNS
The company news service from the London Stock Exchange
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