Holding(s) in Company

RNS Number : 9459U

Island Oil and Gas PLC

21 May 2008

 



Island Oil & Gas plc

Holding in Company

Island Oil & Gas plc ('Island' or the 'Company') has received notification from Celtex Exploration Services Limited ('Celtex') of an increase in its shareholding in the Company.  Following a purchase of 500,000 ordinary shares of €0.01 each in the capital of the Company at an average price of 29.38 pence per share, Celtex is now the holder of 2,225,456 ordinary shares of €0.01 each in Island.  This holding represents approximately 1.9% of the 116,556,990 shares currently in issue.

Mr Paul Griffiths, CEO of Island has a beneficial interest in Celtex.

20 May 2008

Further information:

Davy (NOMAD and broker)

Anthony Farrell                     Tel: [phone]

Landsbanki (UK broker)

Simon Robinson                       Tel: [phone]

College Hill (Financial PR)

Paddy Blewer                        Tel: [phone]

Nick Elwes                    

 

END

 

 

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