Director/PDMR Shareholding

RNS Number : 9277N

Soco International PLC

21 June 2010

 



SOCO International plc

("SOCO" or the "Company")

Notification of Transactions of Directors/Persons Discharging

Managerial Responsibility and Connected Persons

The Company announces that, Mr Rui de Sousa, the Non-Executive Chairman of the Board, has become interested in a further 107,996 SOCO International plc ordinary shares of £0.05 each ("Shares"), representing 0.03% of the issued ordinary share capital of the Company.  Mr de Sousa is now interested in a total of 8,908,820 Shares, representing 2.63% of the issued ordinary share capital of the Company.

The change in interest results from the following transactions: on 17 June 2010, Mr de Sousa sold 54,608 Shares (0.02%) at a price of £4.26 per Share; on 18 June 2010, Palamos Limited, a connected person to Mr de Sousa, exercised 162,604 warrants to subscribe for Shares ("Warrants"), at a subscription price of £0.1375 per Share.

As a result of these transactions, Mr de Sousa holds 200,000 Shares personally, representing 0.06% of the issued ordinary share capital of the Company and Palamos Limited holds 8,708,820 Shares, representing 2.57% of the issued ordinary share capital of the Company.

The above figures reflect the subdivision of the Company's issued ordinary share capital which became effective on 10 June 2010, whereby each existing ordinary share of £0.20 was subdivided into four ordinary shares of £0.05 each.

Contact:  Carol Fan, SOCO International plc, tel. [phone].

 

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