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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Meridian Pet. (See LSE:PPC) | LSE:MRP | London | Ordinary Share | GB00B3DDP128 | ORD 30P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 55.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPPC RNS Number : 3749D President Petroleum Company PLC 01 December 2009 Tuesday 1 December 2009 PRESIDENT PETROLEUM COMPANY PLC ("President Petroleum" or "the Company") Change of Name, Board Changes and Directors' Shareholdings The Company, previously known as Meridian Petroleum plc, announced on 30 November 2009 that both Special Resolutions proposed at the Company's EGM had been passed. As a result, the Company is pleased to confirm a change of name, changes to the Board of Directors and Directors' shareholdings. Name Change With effect from today, 1 December 2009, the name of the Company has changed to President Petroleum Company PLC, with a new London Stock Exchange ticker symbol of PPC. The Company's new website address is www.presidentpc.com. Board of Directors The new Board of Directors for President Petroleum comprises; Stephen Gutteridge, Chairman Dr Michael Cochran, Exploration Director Angelo Baskaran, Finance Director David Wake-Walker, Non-executive Director John Hamilton, Non-executive Director Chris Hopkinson, Non-executive Director Peter Clutterbuck, Non-executive Director of the Company since 2004, stepped down from the Board with effect from 1 December 2009. Ed Childers, the Company's US-based Chief Operating Officer, will continue in his current role. Directors' Shareholdings The Company has been notified today that the Directors listed below have subscribed for and have been allotted the following ordinary shares of 1 penny each ("Ordinary Shares") in the Company, at an issue price of 25 pence per Ordinary Share, pursuant to the Placing and Open Offer (the "Capital Raising") and Subscription (the "Subscription") which was announced on 30 October 2009 and which completed on 1 December 2009. +---------------+---------------+---------------+---------------+---------------+ | Director | Number of | Number of | Number of | Percentage of | | | Ordinary | Ordinary | Ordinary | enlarged | | | Shares taken | Shares taken | Shares held | issued share | | | up under the | up under the | following the | capital | | | Subscription | Capital | Subscription | | | | | Raising | and Capital | | | | | | Raising | | +---------------+---------------+---------------+---------------+---------------+ | Stephen | 149,500 | 87,223 | 498,392 | 1.10 | | Gutteridge | | | | | +---------------+---------------+---------------+---------------+---------------+ | Michael | nil | 100,000 | 100,000 | 0.22 | | Cochran | | | | | +---------------+---------------+---------------+---------------+---------------+ | Angelo | 76,250 | 7,500 | 106,250 | 0.23 | | Baskaran | | | | | +---------------+---------------+---------------+---------------+---------------+ | David | 73,250 | 13,888 | 128,804 | 0.28 | | Wake-Walker | | | | | +---------------+---------------+---------------+---------------+---------------+ | John Hamilton | nil | 200,000 | 200,000 | 0.44 | +---------------+---------------+---------------+---------------+---------------+ | Chris | nil | 400,000 | 400,000 | 0.88 | | Hopkinson | | | | | +---------------+---------------+---------------+---------------+---------------+ Stephen Gutteridge, Chairman of President Petroleum Company PLC, said: "I am delighted to welcome Mike Cochran, John Hamilton and Chris Hopkinson as Directors of President Petroleum. They bring valuable and diverse experience, contributing to a Board with the talent and capability to take forward the Company's transformation to mid-cap status. On behalf of the Board I would like to thank Peter Clutterbuck for his considerable contribution to the Company over the past five years. We wish him well for the future." For further information contact: +-------------------------------------------+-------------------------------+ | President Petroleum | +44 (0) 207 811 0140 | +-------------------------------------------+-------------------------------+ | Stephen Gutteridge, Chairman | | +-------------------------------------------+-------------------------------+ | | | +-------------------------------------------+-------------------------------+ | Evolution Securities | +44 (0) 207 071 4300 | +-------------------------------------------+-------------------------------+ | Robert Collins, Tim Redfern, Adam James | | +-------------------------------------------+-------------------------------+ | | | +-------------------------------------------+-------------------------------+ | Financial Dynamics | +44 (0) 207 831 3113 | +-------------------------------------------+-------------------------------+ | Ben Brewerton/Ed Westropp | | +-------------------------------------------+-------------------------------+ This information is provided by RNS The company news service from the London Stock Exchange END MSCEAEAFELKNFFE
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