TIDMMTA

RNS Number : 6060B

Matra Petroleum PLC

04 April 2013

4 April 2013

Matra Petroleum plc

("Matra" or the "Company")

Director Dealing and Strategic Investment by ALLTECH Group

Matra Petroleum plc is pleased to announce the entry of ALLTECH Group ("ALLTECH"), a private equity fund, as one of the cornerstone investors in the Company.

Alltech Capital Limited (Gibraltar) ("Alltech Capital"), a subsidiary of the ALLTECH Group, acquires an indirect shareholding in the Company through the purchase of 50 per cent of the entire issued share capital of Winpro Ventures Corp ("Winpro"), a British Virgin Island incorporated company (the "Transaction"). Winpro's sole asset is the 575,000,000 ordinary shares in Matra representing 29.7 per cent of the issued share capital of Matra.

As announced on 28th March 2012, Maxim Barskiy the Company's CEO, transferred his total interest of 575,000,000 ordinary shares in Matra to Winpro which, at that time, was 100 per cent beneficially owned by Mr Barskiy.

As set out above, pursuant to the Transaction, ALLTECH Capital acquires 4,580 shares in Winpro, representing 50 per cent of the issued share capital of Winpro for a consideration of $4,080,000. Mr Barskiy will retain 4,580 shares in Winpro representing 50 per cent of the issued share capital of Winpro.

Mr Barskiy does not hold any interest in Alltech Capital or the ALLTECH Group.

About ALLTECH

ALLTECH Group, established in 1993, is a private equity fund with a portfolio exceeding $2 billion of investments under management. With a strategy focused on investing in early stage assets to identify and support independent company management through to becoming fully fledged companies, ALLTECH has already made visible and successful investments in West Siberian Resources, Siberian Anthracite, Yauza Realty and Pechora LNG.

Mr Barskiy also has an indirect minority interest in the Pechora LNG project

For further information, please contact:

Matra Petroleum plc c/o Pelham Bell Pottinger

   Henry Lerwill                                     020 7861 3169

Canaccord Genuity Limited

 
Henry Fitzgerald-O'Connor 0207 
 523 8000

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCBXGDSGBGBGXS

Matra Petroleum (LSE:MTA)
Historical Stock Chart
Von Dez 2024 bis Jan 2025 Click Here for more Matra Petroleum Charts.
Matra Petroleum (LSE:MTA)
Historical Stock Chart
Von Jan 2024 bis Jan 2025 Click Here for more Matra Petroleum Charts.