Maple Energy MPLE Director Shareholding

  Maple Energy (MPLE) - Director Shareholding

RNS Number : 0710S
Maple Energy plc
27 November 2012






For immediate release 27 November 2012

                      

                                      

                                      

                               MAPLE ENERGY PLC

                                      

                          ("Maple" or the "Company")

                                      

                         Notification of Transactions

               By Directors and Persons Discharging Managerial

                         Responsibility Shareholding





Maple Energy plc (AIM:  MPLE; LIMA: MPLE), an  integrated energy company  with 
assets in Peru, was notified that on 26 November 2012, Mr. Tony Hines,  Senior 
Vice President  and Executive  Director, entered  into a  sale and  repurchase 
agreement (the "Agreement") through the Lima  Stock Exchange for the sale  and 
repurchase of up  to 96,480  ordinary shares  beneficially owned  by Mr.  Tony 
Hines.



Under the terms of the Agreement,  Mr. Tony Hines sold 96,480 ordinary  shares 
at a price of $ 1.10 (69p*)  per ordinary share, while assuming an  obligation 
to repurchase such shares at a price of $1.16 (72p*) per ordinary share on  27 
May 2013.  Mr. Tony  Hines has  used  the proceeds  from this  transaction  to 
fulfill his  repayment  obligations outstanding  under  an existing  sale  and 
repurchase agreement that became due on 26 November 2012.



Following the completion of the transaction described above, and prior to  the 
repurchase of  such ordinary  shares,  Mr. Tony  Hines will  beneficially  own 
8,646,447 ordinary shares, or 5.8% of the outstanding share capital of Company
on a non-diluted basis



*The exchange rate used  was 1.6020, the rate  at Bloomberg for US  dollars/UK 
sterling at 15:28hrs(EST) on 26 November 2012.







For further information, please contact:



Maple Energy plc (+ 51 1 611 4000)

Rex W. Canon, Chief Executive Officer, President and Executive Director



Cenkos Securities plc (+44 20 7397 8900)

Jon Fitzpatrick

Ken Fleming



Buchanan (+44 20 7466 5000)

Mark Edwards

Ben Romney





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

END


RDSFEUSMWFESELF -0- Nov/27/2012 07:01 GMT