Holding(s) in Company

RNS Number : 1216D

Empyrean Energy PLC

10 September 2008

 

10 September 2008

Empyrean Energy plc

('Empyrean' or the 'Company'; Ticker: (EME))

Holding(s) in Company

The Company announces that on 20 July 2008 it was notified that AP-2, a pension fund based in Gothenburg, now holds 2,000,000 shares in Empyrean, representing 3.36% of the total issued share capital.

For further information 

Empyrean Energy plc 

Tel: [phone] 

John Wilkes / Olly Cairns

Blue Oar Securities - Nomad & Broker (from 15 August 2008)

Tel: [phone]

Jonathan Charles / Sarah Alexander

Conduit PR 

Tel: [phone]

Notes to editors

The Second Swedish National Pension Fund AP2 is a successful manager of national pension reserve assets. The Fund, based in Göteborg, is one of five 'buffer' funds within the national pension system tasked with achieving the highest possible return on assets under management as well as act as a counterbalance at times when the national pension system is required to make major pension disbursements. 

The Fund's assets under management totalled SEK 227.5 billion (GBP 18.94 billion) as per December 31st 2007, an increase of SEK 10.7 billion (GBP 891 million) compared with the preceding year. During the year, the Fund reported a net inflow of SEK 2 billion (GBP 167 million). Net profit for the year amounted to SEK 8.7 billion (GBP 724 million).

Since its inception, and including net profit for the twelve months ending December 31st 2007, the Second AP Fund has posted an annual average return on investment (ROI) of 6 percent. This is consistent with the ROI average considered essential for the Fund to fulfill its long-term responsibilities within the Swedish pension system.

More information can be found on www.ap2.se

 

END

 

 

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