MAX PETROLEUM PLC (United Kingdom) announces stake of GLG Partners LP in its capital

24.06.13 15:59
/KASE, June 24, 13/ – MAX PETROLEUM PLC (London), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of June 21, 2013: quote On 20 June 2013, the Company received notification that following the transfer of a mandate of GLG Partners LP ("GLG") to manage certain investment funds which hold ordinary shares in the Company ("Ordinary Shares"), as of 18 June 2013, GLG held an interest in 252,103,434 Ordinary Shares consisting of 250,720,516 Ordinary Shares and a warrant entitling GLG to acquire a further 1,382,918 Ordinary Shares at an exercise price of 5p per share. If this warrant were exercised (and assuming no other convertible bonds, warrants or options in the Company were exercised) the resulting holding of GLG would represent 13.9% of the then issued share capital of the Company. Enquiries: Max Petroleum Plc Michael Young President and Chief Financial Officer Tom Randell Director of Investor Relations Tel: +44 (0)207 355 9590 College Hill David Simonson/ Anca Spiridon Tel: +44 (0)207 457 2020 WH Ireland Ltd Daniel Bate / Katy Mitchell Tel: +44 (0)161 832 2174 Macquarie Capital Steve Baldwin/ Nicholas Harland Tel: +44 (0)203 037 2000 Oriel Securities Michael Shaw / Ashton Clanfield Tel: +44 (0)207 710 7600 unquote [2013-06-24]