Soco International PLC
16 March 2006
SOCO International plc
('SOCO' or 'the Company')
DIRECTORS/PDMR SHAREHOLDING
The Company was notified on 15 March 2006 that on the same day Upper Ground
Limited , of which Mr Patrick Maugein, the Company's Chairman, owns 100% of the
issued share capital, disposed of 72,500 SOCO shares of £0.20 each ('Shares'),
representing 0.10% of the issued share capital of the Company. The Shares were
sold to Mr Maugein's immediate family for a sale price of £10.55 per Share. Mr
Maugein is no longer deemed to have an interest in these Shares.
Following these transactions, Mr Maugein is interested in 6,434,360 Shares,
representing 8.86% of the issued share capital of the Company, and 365,867
warrants to subscribe for ordinary shares in the Company at an exercise price of
£0.55 ('Warrants'). This interest is held as follows:
512,925 Shares, representing 0.71% of the issued share capital of the Company,
and 40,652 Warrants are held by Upper Ground Limited;
5,921,435 Shares, representing 8.15% of the issued share capital of the Company
and 325,215 Warrants are held by Chemsa Limited, which is owned by a trust
company whose potential ultimate beneficiary is the family of Mr Patrick
Maugein.
The Company also announces that on 14 March 2006, Mr John Norton, a Director of
the Company, transferred 40,000 Shares (0.06%) to his wife, Mrs Dianne Norton
for no consideration. Mr Norton retains an interest in these Shares. Following
this transfer, Mr Norton has an interest in a total of 115,000 Shares
representing 0.16% of the issued share capital of the Company.
This information is provided by RNS
The company news service from the London Stock Exchange
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