Share Capital
Authorised and Issued Shares
| Authorised Shares | 800,000,000 |
|---|---|
| Current Issued Shares | 416,356,432 |
| Warrants outstanding | 6,700,000 |
| Options outstanding | 16,544,000 |
PetroNeft does not hold any Ordinary Shares in treasury and therefore the total number of Ordinary Shares with voting rights is 416,356,432.
Of the issued shares 7.34% are held by the Directors* and 5.53% are held by Ali Sobraliev, son of Director Vakha Sobraliev, and the remaining 87.12% are in public hands.
Significant Shareholders as at 20 January 2012
| Name of Shareholder | Percentage | Shares |
|---|---|---|
| JP Morgan Chase & Co | 6.76% | 28,151,561 |
| Macquarie Bank Limited** | 7.30% | 30,388,047 |
| Ali Sobraliev | 5.53% | 23,014,273 |
| Dennis Francis | 5.47% | 22,760,416 |
| Pictet & Cie | 3.40% | 14,153,213 |
| Wasatch Advisers Inc | 3.37% | 14,023,048 |
| Arawak Energy | 3.22% | 13,387,600 |
* 7.34% (30,081,975) held by the Directors include shares of Dennis Francis.
** Macquarie Bank Limited also holds warrants entitling them to 6,700,000 shares at exercise prices ranging from £0.30 to £0.5012. These warrants were granted in connection with loan facilities entered into by PetroNeft in 2010.
Directors Shareholdings
| Director | Percentage | Shares |
|---|---|---|
| Dennis Francis | 5.47% | 22,760,416 |
| David Golder | 0.76% | 3,165,458 |
| David Sanders | 0.54% | 2,238,235 |
| Thomas Hickey | 0.44% | 1,826,283 |
| Paul Dowling | 0.08% | 331,583 |
| Gerard Fagan | 0.05% | 200,000 |
| Vakha Sobraliev*** | 0.00% | - |
| Total Directors Holdings | 7.34% | 30,521,975 |
*** On 12 February 2009 Vakha Sobraliev transferred his entire holding of 23,014,273 ordinary shares (5.53%) to his son Ali Sobraliev. Ali Sobraliev has advised the company that he intends being a long term holder of his shares.
Options held by the Directors
| Grant date: | 27 Sep. 2006 | 03 Oct. 2007 | 21 Feb. 2008 | 09 Dec. 2009 | 15 Dec. 2010 | |
|---|---|---|---|---|---|---|
| Strike price: | €0.2950 | £0.3200 | £0.3615 | £0.1925 | £0.6600 | Total |
| Director | No. of Options | No. of Options | No. of Options | No. of Options | No. of Options | No. of Options |
| David Golder | 440,000 | - | 55,000 | 120,000 | 120,000 | 735,000 |
| Dennis Francis | 880,000 | - | 330,000 | 330,000 | 330,000 | 1,870,000 |
| Paul Dowling | - | 400,000 | 175,000 | 280,000 | 280,000 | 1,135,000 |
| David Sanders | - | - | 280,000 | 280,000 | 280,000 | 840,000 |
| Thomas Hickey | 198,000 | - | 45,000 | 100,000 | 100,000 | 443,000 |
| Vakha Sobraliev | 440,000 | - | 35,000 | 80,000 | 100,000 | 655,000 |
| Gerard Fagan | - | - | - | - | 150,000 | 150,000 |
| 1,958,000 | 400,000 | 920,000 | 1,190,000 | 1,360,000 | 5,828,000 |
