TIDMPPC 
 
RNS Number : 3749D 
President Petroleum Company PLC 
01 December 2009 
 

 
 
 
 
 
 
 
 
 
 
 
 
Tuesday 1 December 2009 
 
 
PRESIDENT PETROLEUM COMPANY PLC 
("President Petroleum" or "the Company") 
 
 
Change of Name, Board Changes and Directors' Shareholdings 
 
 
The Company, previously known as Meridian Petroleum plc, announced on 30 
November 2009 that both Special Resolutions proposed at the Company's EGM had 
been passed. As a result, the Company is pleased to confirm a change of name, 
changes to the Board of Directors and Directors' shareholdings. 
 
 
Name Change 
 
 
With effect from today, 1 December 2009, the name of the Company has changed to 
President Petroleum Company PLC, with a new London Stock Exchange ticker symbol 
of PPC. The Company's new website address is www.presidentpc.com. 
 
 
Board of Directors 
 
 
The new Board of Directors for President Petroleum comprises; 
 
 
Stephen Gutteridge, Chairman 
Dr Michael Cochran, Exploration Director 
Angelo Baskaran, Finance Director 
David Wake-Walker, Non-executive Director 
John Hamilton, Non-executive Director 
Chris Hopkinson, Non-executive Director 
 
 
Peter Clutterbuck, Non-executive Director of the Company since 2004, stepped 
down from the Board with effect from 1 December 2009. 
 
 
Ed Childers, the Company's US-based Chief Operating Officer, will continue in 
his current role. 
 
 
Directors' Shareholdings 
 
 
The Company has been notified today that the Directors listed below have 
subscribed for and have been allotted the following ordinary shares of 1 penny 
each ("Ordinary Shares") in the Company, at an issue price of 25 pence per 
Ordinary Share, pursuant to the Placing and Open Offer (the "Capital Raising") 
and Subscription (the "Subscription") which was announced on 30 October 2009 and 
which completed on 1 December 2009. 
 
 
 
 
 
 
+---------------+---------------+---------------+---------------+---------------+ 
| Director      |     Number of |     Number of |     Number of | Percentage of | 
|               |      Ordinary |      Ordinary |      Ordinary |      enlarged | 
|               |  Shares taken |  Shares taken |   Shares held |  issued share | 
|               |  up under the |  up under the | following the |       capital | 
|               |  Subscription |       Capital |  Subscription |               | 
|               |               |       Raising |   and Capital |               | 
|               |               |               |       Raising |               | 
+---------------+---------------+---------------+---------------+---------------+ 
| Stephen       |       149,500 |        87,223 |       498,392 |          1.10 | 
| Gutteridge    |               |               |               |               | 
+---------------+---------------+---------------+---------------+---------------+ 
| Michael       |           nil |       100,000 |       100,000 |          0.22 | 
| Cochran       |               |               |               |               | 
+---------------+---------------+---------------+---------------+---------------+ 
| Angelo        |        76,250 |         7,500 |       106,250 |          0.23 | 
| Baskaran      |               |               |               |               | 
+---------------+---------------+---------------+---------------+---------------+ 
| David         |        73,250 |        13,888 |       128,804 |          0.28 | 
| Wake-Walker   |               |               |               |               | 
+---------------+---------------+---------------+---------------+---------------+ 
| John Hamilton |           nil |       200,000 |       200,000 |          0.44 | 
+---------------+---------------+---------------+---------------+---------------+ 
| Chris         |           nil |       400,000 |       400,000 |          0.88 | 
| Hopkinson     |               |               |               |               | 
+---------------+---------------+---------------+---------------+---------------+ 
 
 
 
 
Stephen Gutteridge, Chairman of President Petroleum Company PLC, said: 
 
 
"I am delighted to welcome Mike Cochran, John Hamilton and Chris Hopkinson as 
Directors of President Petroleum. They bring valuable and diverse experience, 
contributing to a Board with the talent and capability to take forward the 
Company's transformation to mid-cap status. 
 
 
On behalf of the Board I would like to thank Peter Clutterbuck for his 
considerable contribution to the Company over the past five years. We wish him 
well for the future." 
 
 
 
 
For further information contact: 
 
 
+-------------------------------------------+-------------------------------+ 
| President Petroleum                       |          +44 (0) 207 811 0140 | 
+-------------------------------------------+-------------------------------+ 
| Stephen Gutteridge, Chairman              |                               | 
+-------------------------------------------+-------------------------------+ 
|                                           |                               | 
+-------------------------------------------+-------------------------------+ 
| Evolution Securities                      |          +44 (0) 207 071 4300 | 
+-------------------------------------------+-------------------------------+ 
| Robert Collins, Tim Redfern, Adam James   |                               | 
+-------------------------------------------+-------------------------------+ 
|                                           |                               | 
+-------------------------------------------+-------------------------------+ 
| Financial Dynamics                        |          +44 (0) 207 831 3113 | 
+-------------------------------------------+-------------------------------+ 
| Ben Brewerton/Ed Westropp                 |                               | 
+-------------------------------------------+-------------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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