Director/PDMR Shareholding

RNS Number : 4749Z

Petroneft Resources PLC

21 July 2008

 

PetroNeft Resources plc ('PetroNeft' of the 'Company')

Directors Dealings

Certain directors of PetroNeft subscribed for Ordinary Shares in the recently announcement $17.3 million equity fund raising. The number of Ordinary Shares that the directors subscribed for and their resultant holdings are as follows:

	First Tranche Placing Shares	Second Tranche Placing Shares*	Resulting holding of Ordinary Shares	% of Enlarged Share Capital
Dennis Francis	1,147,475	872,727	22,409,045	9.89%
Des Burke	181,301	137,891	5,623,396	2.48%
Tom Hickey	362,856	275,975	1,535,057	0.70%

*Completion of the Second Tranche is conditional, inter alia, upon receiving shareholder approval at an extraordinary general meeting of the Company. A circular to convene such an EGM will be sent to shareholders shortly.

Capitalised terms in this announcement have the same meaning as the announcement published by the Company on 18 July 2008.

Contacts

Dennis Francis, CEO, PetroNeft Resources plc,

[phone]

Paul Dowling, CFO, PetroNeft Resources plc

[phone]

Desmond Burke, Director Investor Relations, PetroNeft Resources plc

[phone]

 

END

 

 

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