Northern Petroleum Plc

February 03, 2010 06:59 ET

Additional Listing and Directors Shareholdings

                                                                                                    03 February 2010

                                               Northern Petroleum Plc
                                             ("Northern" or the Company")
                                    Additional Listing & Directors' Shareholdings

Northern  announces  that  pursuant to the authority granted on 22 July 2009 it has issued  today  418,247  ordinary
shares of 5 pence to six directors and seventeen staff in respect of the share settled element of the Company's 2009
bonus  scheme.  The  shares have been issued at a price of 146.4375 pence per share, being the  average  mid  market
closing price for the three weeks ending 22 January 2010. Each new ordinary share will rank pari passu with existing
ordinary shares. Application has been made for the shares to be admitted to trading on AIM and dealings are expected
to commence on 11 February 2010.

Following admission, the total number of ordinary shares in issue will be 79,497,995.

As a result of the above issue, the holdings of the directors have changed as follows:

Name                      Prior shareholding    Shares issued pursuant    New shareholding in      Percentage of
                             in Northern                  to                    Northern           issued share
                                                         above                                        capital
Tony Brewer                            75,000                      6,391                81,391               0.10%
Chris Foss                             67,076                     34,976               102,052               0.13%
Graham Heard                          428,408                     34,976               463,384               0.58%
Richard Latham                        752,587                      9,890               762,477               0.96%
Derek Musgrove                        991,666                     45,594             1,037,260               1.30%
Jerry White                           138,275                      6,796               145,071               0.18%

The  directors' total beneficial shareholdings are now 2,591,635 ordinary shares, which represents 3.26 per cent  of
the issued share capital of the Company.

For further information please contact:

Northern Petroleum Plc                                  Tel: +44 (0) 20 7469 2900
Derek Musgrove, Managing Director
Chris Foss, Finance Director
Graham Heard, Exploration & Technical Director
Sophie Hull, Head of Corporate Communications

Jefferies International                                  Tel: +44 (0) 20 7029 8000
Schuyler Evans / Chris Snoxall

Astaire Securities                                       Tel: +44 (0) 20 7448 4400
Jerry Keen / Toby Gibbs

Notes to Editors:

Further information on Northern is available at

Contact Information

  • Northern Petroleum Plc