ROGTEC Magazine - Russian Oil & Gas Technologies - News, Reviews & Articles

ROGTEC Magazine - Russian Oil & Gas Technologies - News, Reviews & Articles

Max Petroleum – Exercise of Warrants

Tuesday, February 28th, 2012

The Company announces today that on 23 February 2012, pursuant to a warrant deed to subscribe for ordinary shares of the Company dated 12 August 2009, a warrantholder elected for the cashless exercise of its right to subscribe for 10,000,000 Ordinary Shares at an exercise price of 4.538 – 5.673p per ordinary share, resulting in the issue and allotment
of 6,414,110 new Ordinary Shares.

Application has been made for these Shares to be admitted to trading on AIM on 1 March 2012. 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 1,018,188,858 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
Tel: +44 (0)207 355 9590
Tom Randell
Director of Investor Relations

Merlin PR David Simonson/ Anca Spiridon Tel: +44 (0)207 726 8400

WH Ireland Ltd Daniel Bate / Robin Gwyn Tel: +44 (0)161 832 2174

Macquarie Capital Paul Connolly / Steve Baldwin Tel: +44 (0)203 037 2000

Oriel Securities Michael Shaw / Ashton Clanfield Tel: +44 (0)207 710 7600

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