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25 June 2009
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Name |
Prior shareholding in Northern |
Shares issued pursuant to ATI acquisition |
New shareholding in Northern |
Percentage of issued share capital |
Chris Foss |
20,988 |
42,291 |
63,279 |
0.08% |
Graham Heard |
342,570 |
42,041 |
384,611 |
0.49% |
Richard Latham |
740,087 |
12,500 |
752,587 |
0.95% |
Derek Musgrove |
950,000 |
41,666 |
991,666 |
1.26% |
Included in the above newly issued shares are 625 and 375 shares held respectively by the SIPPs of Chris Foss and Graham Heard.
The directors’ total beneficial shareholdings are now 2,405,418 ordinary shares, which represents 3.05 per cent of the issued share capital of the Company.
In addition, following their election to surrender ATI warrants for Northern warrants, the Board has approved the issue of warrants to purchase ordinary shares of 5 pence each in the capital of the Company to directors as follows:
Name |
Number of Warrants over Ordinary 5p Shares |
Exercise Price |
Expiry Date |
Chris Foss |
31,250 |
80p |
30/04/2013 |
Chris Foss |
31,250 |
252p |
16/06/2013 |
Derek Musgrove |
31,250 |
80p |
30/04/2013 |
Derek Musgrove |
31,250 |
252p |
16/06/2013 |
For further information please contact:
Northern Petroleum Plc
Tel: +44 (0) 20 7469 2900
Derek Musgrove, Managing Director
Chris Foss, Finance Director
Graham Heard, Exploration & Technical Director
Jefferies International
Tel: +44 (0) 20 7029 8000
Chris Snoxall / Schuyler Evans
Astaire Securities
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Bishopsgate Communications (Press)
Tel: +44 (0) 20 7562 3350
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Buchanan Communications (Analysts)
Tel: +44 (0) 20 7466 5000
Tim Thompson / Ben Romney
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