Director/PDMR Shareholding

RNS Number : 4340N

Soco International PLC

11 June 2010

 



SOCO International plc

("SOCO" or the "Company")

Notification of Transactions of Directors/Persons Discharging

Managerial Responsibility and Connected Persons

The Company announces that on 10 June 2010, Mr Rui de Sousa, the Non-Executive Chairman of the Board, became interested in a further 5,614,200 SOCO International plc ordinary shares of £0.05 each ("Shares"), representing 1.70% of the issued ordinary share capital of the Company.

Mr de Sousa acquired the interest after Palamos Limited, a connected person to Mr de Sousa, exercised 5,614,200 warrants to subscribe for  Shares ("Warrants") , as follows:

58,740 Warrants at a subscription price of £0.1375 per Share;

3,440,748 Warrants at a subscription price of £0.1500 per Share;

2,114,712 Warrants at a subscription price of £0.1625 per Share. 

As a result of these transactions, Mr de Sousa is interested in a total of 8,800,824 Shares, representing 2.66% of the issued share capital of the Company and 162,604 Warrants.  Mr de Sousa's interest is held as follows: 

Mr de Sousa holds 254,608 Shares personally;

Palamos Limited holds 8,546,216 Shares and 162,604 Warrants to acquire Shares at a subscription price of £0.1375 Share.

The above figures reflect the sub-division of the Company's issued share capital which became effective on 10 June 2010, whereby each existing ordinary share of £0.20 was subdivided into four ordinary shares of £0.05 each.

Contact:  Carol Fan, SOCO International plc, tel. [phone].

 

END

 

 

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