Soco International PLC
20 June 2005
SOCO International plc
('SOCO' or 'the Company')
DIRECTORS' INTERESTS
The Company was notified today that on 17 June 2005, Mr Patrick Maugein and Mr
Rui de Sousa became interested in a further 141,056 (0.19%) and 116,056 (0.16%)
SOCO International plc ordinary shares of £0.20 each ('Shares') respectively.
The increased interests result from a distribution of Shares owned by Quantic
Limited, of which Mr Maugein and Mr de Sousa each hold 25% of the issued share
capital.
Mr Maugein is now deemed to have an interest in 6,781,860 Shares representing
9.34% of the issued share capital of the Company. This interest is held through
Chemsa Ltd (5,921,435 Shares representing 8.15%), a trust company whose
potential ultimate beneficiary is the family of Mr Maugein, and through Yunfiel
SA (860,425 Shares representing 1.18%) of which Mr Maugein owns 100% of the
issued share capital. In addition to Shares, Mr Maugein is interested in a total
of 365,867 Warrants held through Chemsa Ltd (325,215 Warrants) and Yunfiel SA
(40,652 Warrants) at an exercise price of £0.55 each.
Mr de Sousa is now deemed to have an interest in 1,336,043 Shares, representing
1.84% of the issued share capital of the Company. This interest is held through
Palamos Limited (721,424 Shares representing 0.99%), a trust company whose
potential ultimate beneficiary is the family of Mr de Sousa, and through New
Falcon Oil Limited (614,619 Shares representing 0.85%) of which Mr de Sousa owns
100% of the issued share capital. In addition to Shares, Mr de Sousa is
interested in a total of 1,549,853 Warrants held through Palamos Limited which
holds 55,336 Warrants, 925,187 Warrants and 528,678 Warrants at an exercise
price of £0.55, £0.60 and £0.65 each respectively and through New Falcon Oil
Limited which holds 40,652 Warrants at an exercise price of £0.55 each.
Contact: Carol Fan, 020 7747 2000
This information is provided by RNS
The company news service from the London Stock Exchange
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