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]