NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
29 January 2015
Madagascar Oil (AIM:MOIL) announces that it was informed on 28 January 2015, by Steve Hope, a Non- Executive Director of the Company and representative of Outrider Master Fund, L.P. ("Outrider"), that Outrider has made the following purchases of common shares of US$0.001 each in the capital of the
Company ("Common Shares"):
Date of dealing | Number of Common Shares purchased | Price paid per Common Share (£) |
9 December 2014 | 200,000 | 0.07975 |
10 December 2014 | 160,000 | 0.08500 |
11 December 2014 | 100,000 | 0.08000 |
28 January 2015 | 100,000 | 0.04500 |
As a result of the abovementioned dealings, Outrider is now interested in 187,390,232 Common Shares, representing approximately 28.7 per cent. of the Company's issued share capital.
-ENDS- Contact Information:VSA Capital Limited Andrew Monk Andrew Raca Justin McKeegan | +44 (0) 20 3005 5000 |
Bell Pottinger Henry Lerwill | +44 (0)20 3772 2500 |
distributed by |