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]