Director/PDMR Shareholdings / Holding in Company

RNS Number : 8940C
Venture Production PLC
05 September 2008

Venture Production plc (the "Company")
Director/PDMR Shareholdings and Disclosure and Notification of Major Interests in Shares
The Company was notified on 5 September 2008 of the following transaction which was conducted between the connected persons of Mr
Laurence William Kinch, a Director of the Company. The transaction was conducted for Mr Kinch's estate planning purposes and does not change
his overall beneficial holding in the Company.
On 5 September 2008, IFG Trust (Jersey) Limited as trustee of the Larry Kinch Life Interest Trust (a connected person of Mr Kinch)
disposed of 4,444,500 ordinary shares of 0.4 pence each in the capital of the Company (the "Shares") on the London Stock Exchange at a price
of 686 pence per share. The buyer was Linklodge Limited, a wholly owned subsidiary of the Larry Kinch Life Interest Trust, which is also a
connected person of Mr Kinch.
Prior to this transaction, Mr Kinch held the legal title to the Shares as nominee for the Larry Kinch Life Interest Trust and was
entitled to exercise the voting rights attached thereto. In connection with the transaction, legal title to the Shares was transferred to
Linklodge Limited. As a result, the voting rights held by Mr Kinch have been reduced as follows:

1. Name of Issuer
VENTURE PRODUCTION plc
2. Reason for Notification
DISPOSAL OF VOTING RIGHTS
3. Full Name of person(s) subject to notification obligation
MR LAURENCE WILLIAM KINCH
4. Full name of shareholder(s) (if different from 3 above)
MR LAURENCE WILLIAM KINCH
5. Date of the transaction
5 SEPTEMBER 2008
6. Date on which issuer notified
5 SEPTEMBER 2008
7. Threshold(s) that is/are crossed or reached
BELOW 7%, BELOW 6%, BELOW 5%
8. Notified Details
(A) Voting Rights Attached to shares

Number of voting rights (Direct) - 6,577,072
% of voting rights (Direct) - 4.39

Number of voting rights (Indirect) - 28,000
% of voting rights (Indirect) - 0.02

(B) Financial Instruments

Total (A) + (B)
Total number of voting rights - 6,605,072

Total % of Voting Rights - 4.41

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held
Name of the Shareholder Number of Shares % of Issued Share Capital

MR LAURENCE WILLIAM KINCH 6,577,072 4.39
Direct
BANK OF NEW YORK (AS CUSTODIANS 28,000 0.02
FOR MR LAURENCE WILLIAM KINCH)
Indirect
Proxy Voting
10. Name of Proxy holder

11. Number of voting rights proxy holder will cease to hold

12. Date on which proxy holder will cease to hold voting rights

13. Any additional information

14. Name of contact and telephone number for queries
Alastair Alderton, Clifford Chance LLP
020 7006 2917
15. Name and signature of duly authorised officer of the listed company responsible for making this notification
SIMON WAITE 01224 619000
Date of notification
5 SEPTEMBER 2008

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

END

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