Director/PDMR Shareholding

RNS Number : 1273M

Soco International PLC

22 January 2009

 



SOCO International plc

('SOCO' or the 'Company')

NOTIFICATION OF TRANSACTIONS OF 

DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY 

OR CONNECTED PERSONS

In light of the guidance issued by the FSA on 9 January 2009 in relation to obligations to disclose security granted over shares, the Company announces that, in 2007, 48,652 SOCO International plc ordinary shares of £0.20 each ('Shares') held by Mr Rui de Sousa, Chairman of the Company,  were pledged to Lloyds TSB Bank plc in Monaco as security against a general  loan  facility and  721,424 Shares held by Palamos Limited, a connected person to Mr de Sousa,  were pledged to Ansbacher and Company Limited in London as security against a revolving loan credit facility.  Mr de Sousa and Palamos Limited remain as the respective beneficial owners and retain control of the voting rights attached to such Shares. 

22 January 2009

Contact:

SOCO International plc

Carol Fan, tel [phone]

 

END

 

 

RDSILFEDLLIFFIA