MAX PETROLEUM PLC (United Kingdom) announces final conversion of bonds

03.09.13 16:45
/KASE, September 3, 13/ – MAX PETROLEUM PLC (London), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of September 3, 2013: quote The Company announces that, further to the update on the final conversion of convertible bonds announced on 30 August 2013, it is pleased to confirm that it has duly allotted 357,571,134 ordinary shares of 0.01 pence each in the Company ('Shares') to holders of the Company's outstanding 10% notes, comprising US$28.6 million in principal and accrued interest (the "PIK Notes"), in full settlement of the PIK Notes, which have now been cancelled. Application has been made for these Shares to be admitted to trading on AIM on 6 September 2013. For the purposes of the Financial Services Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following this allotment consisted of 2,175,305,483 Shares with voting rights attached (one vote per Share). There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Max Petroleum under the DTRs. 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 Clanfied Tel: +44 (0)207 710 7600 unquote [2013-09-03]