MAX PETROLEUM PLC (United Kingdom) announces Macquarie Bank Limited ("Macquarie") and SIB (Cyprus) Limited stake in company

12.09.13 16:01
/KASE, September 11, 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 11, 2013: quote On 10 September 2013, the Company received notification, that as at 3 September 2013, SIB (Cyprus) Limited ("Sberbank"), beneficially owned by Sberbank of Russia OJSC, held an indirect beneficial interest in 197,180,534 Shares representing 9.06% of the outstanding share capital of the Company through a call option ("Call Option”) granting Sberbank the right to purchase 197,180,534 ordinary shares of the Company ("Shares") held by Macquarie Bank Limited (“Macquarie”) without an entitlement for Sberbank to vote the Shares until Sberbank exercises the Call Option. On 9 September 2013, the Company also received notification that, as at 6 September 2013 Macquarie held 197,180,534 Shares, subject to the Call Option described above, and warrants entitling it to acquire a further 974,755 Shares at an exercise price of 13.83-19.22p per Share. If these warrants were exercised (and assuming no other warrants or options in the Company were exercised) the resulting holding of Macquarie would represent 9.10% of the then issued ordinary 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 / Tom Yeadon Tel: +44 (0)207 710 7600 unquote [2013-09-12]