Petroneft Resources PTR Holding(s) in Company

  Petroneft Resources (PTR) - Holding(s) in Company

RNS Number : 3153Q
Petroneft Resources PLC
05 November 2012




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

                            Holding(s) in Company

                                      

PetroNeft  received  notificationon2   November  2012fromMacquarie   Group 
Limited on  behalf  of Macquarie  Bank  Limited that  Macquarie  Bank  Limited 
continues to hold an aggregate interest in 30,343,565 ordinary sharesof €0.01
each which, following the completion of the  issue of the Tranche 1 shares  in 
the recent  placing, now  represents6.62%*  of the  issued share  capital  of 
PetroNeft Resources Plc.



*This  percentage  shareholding  is  based  on  a  shares-in-issue  figure  of 
457,992,076 ordinary shares.



It is expected that Macquarie's holding will revert to above 7% if the motions
before the EGM of the Company due to be held on 19 November 2012 are passed as
this will result in  Macquarie subscribing for  a further 12,511,495  ordinary 
shares of €0.01 each in the company.



Contacts

Paul Dowling, CFO, PetroNeft Resources plc

+353 1 6470280



                                     End



                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


HOLBABLTMBIMMJT -0- Nov/05/2012 09:47 GMT
 
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