Holding(s) in Company (1844Y)
February 27 2012 - 7:05AM
UK Regulatory
TIDMPELE
RNS Number : 1844Y
Petrolatina Energy PLC
27 February 2012
27 February 2012
PetroLatina Energy Plc
("PetroLatina" or the "Company")
Holdings in Company/PDMR Shareholdings
Purchases under the Third-Party Trading Facility
PetroLatina (AIM: PELE), the independent oil and gas
exploration, development and production company focused on Latin
America, announces that it was today notified that further to the
establishment of the Third-Party Trading Facility operated by
Optiva Securities Limited on behalf of Tribeca Oil & Gas Inc
("TOGI") and Rorick Ventures Group Inc ("Rorick"), as announced on
16 February 2012, TOGI has, on 24 February 2012, purchased a total
of 1,286,233 ordinary shares of US$0.10 each in the Company
("Ordinary Shares") and Rorick has purchased on the same date a
total of 629,515 Ordinary Shares, all at a price of 19.5 pence per
Ordinary Share.
Following the abovementioned purchases: (i) the Tribeca Group is
now collectively interested, in aggregate, in 77,702,258 Ordinary
Shares representing approximately 63.89 per cent. of the Company's
issued ordinary share capital, and (ii) the JCR Group is now
collectively interested, in aggregate, in 13,651,144 Ordinary
Shares, representing approximately 11.22 per cent. of the Company's
issued ordinary share capital. Accordingly, the Tribeca Group and
the JCR Group now collectively represent, in aggregate,
approximately 75.11 per cent. of the Company's issued ordinary
share capital. In addition, the Tribeca Group holds warrants over a
further 32,308 Ordinary Shares and the JCR Group holds options over
a further 1,000,000 Ordinary Shares.
Unless the context otherwise requires, defined terms used in
this announcement shall have the meanings given to them in the
Circular posted to shareholders on 16 February 2012, which is
available to download from the Company's website at
www.petrolatinaenergy.com.
Enquiries:
PetroLatina Energy Plc
Juan Carlos Rodriguez, Chief Executive Officer Tel: +57 1627 8435
Pawan Sharma, Executive Vice President - Corporate Tel: +44 (0)20 7766
Affairs & CFO 0081
Strand Hanson Limited
Simon Raggett/Matthew Chandler Tel: +44 (0)20 7409
3494
FTI Consulting
Ben Brewerton/Chris Welsh Tel: +44 (0)20 7831
3113
This information is provided by RNS
The company news service from the London Stock Exchange
END
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