RNS Number : 9168F
21 January 2010

SOCO International plc ("SOCO" or the "Company")

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

The Company announces that on 20 January 2010, the following purchases of SOCO International plc ordinary shares of £0.20 each ("Shares") were made by Directors of the Company at a purchase price of £14.10 per Share during a placing which was announced on the same day:

2,000 Shares were purchased by Mr Olivier Barbaroux, a Non-Executive Director of the Company, representing 0.002% of the issued share capital of the Company. As a result of this transaction, Mr Barbaroux is interested in 22,000 Shares, representing 0.03% of the issued share capital of the Company.

30,000 Shares were purchased by Mr Rui de Sousa, the Non-Executive Chairman of the Board, representing 0.04% of the issued share capital of the Company. As a result of this transaction, Mr de Sousa is interested in 800,076 Shares, representing 0.97% of the issued share capital of the Company and 1,509,201 warrants to acquire Shares ("Warrants"). This interest is held as follows: Mr de Sousa holds 78,652 Shares personally; Palamos Limited, a connected person to Mr de Sousa, holds 721,424 Shares, 55,336 Warrants at an exercise price of £0.55 per Share, 925,187 Warrants at an exercise price of £0.60 per Share and 528,678 Warrants at an exercise price of £0.65 per Share.

4,170 Shares were purchased by Dr Mike Watts, a Non-Executive Director, representing 0.005% of the issued share capital of the Company. As a result of this transaction, Dr Watts is interested in 10,685 Shares, representing 0.01% of the issued share capital of the Company.

 
 
 
 
 
 
 

Pharos Energy plc is aware of attempts to impersonate the company under its previous name, SOCO International plc, on social media. Pharos does not have a Facebook page.