Directors Dealing
June 24 2009 - 9:00AM
UK Regulatory
TIDMTMAN
RNS Number : 4427U
Timan Oil & Gas Plc
24 June 2009
24 June 2009
TIMAN OIL AND GAS PLC
("Timan" or the "Company")
Directors Dealing
The Company was informed on 15 June 2009 that, on 10 June 2009, Earvil
Consultants Limited ("Earvil") became interested in 34,703,000 ordinary shares
of Timan (the "Ordinary Shares), representing 20.30 per cent. of the Company's
currently issued ordinary share capital (the "Issued Ordinary Share Capital").
Earvil is controlled by Ezarol Management Limited which, in turn, is controlled
by Vitaly Belik
These Ordinary Shares were previously controlled by Alexander Kapalin, CEO of
Timan, and his brother, Yuri Kapalin and transferred to Earvil as a result the
exercise of the put option exercised by Redbell Investments Limited ("Redbell"),
as announced on 1 June 2009. Alexander Kapalin is now interested in
11,841,668 Ordinary Shares representing 6.93 per cent. of the Issued Ordinary
Share Capital.
As announced on 1 June 2009, Vitaly Belik controls Redbell which is interested
in 23,730,191 Ordinary Shares representing 13.88 per cent. of the Issued
Ordinary Share Capital. In total, Vitaly Belik is currently interested in
58,433,191 Ordinary Shares representing 34.18 per cent. of the Issued Ordinary
Share Capital.
Enquiries:
Timan Oil & Gas plc
Alexander Kapalin, Chief Executive Officer
+7 495 22 333 90
Strand Partners Limited
Simon Raggett/Rory Murphy
+ 44 (0) 20 7409 3494
This information is provided by RNS
The company news service from the London Stock Exchange
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