Addax Director sells shares
This may have been posted before - note sure - but looks like James Pearce sold 2500 shares of Addax...
Oily, is this the big news? Pearce buys ERHC for 2500 shares of Addax LOL.
ND9
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NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1)
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2)
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3)
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
ADDAX PETROLEUM CORPORATION
………………………………
2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or
(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or
(iii) both (i) and (ii)
THE NOTIFICATION RELATES TO (i)
………………………………
3. Name of person discharging managerial responsibilities/director
JAMES PEARCE
………………………………
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
THE NOTIFICATION DOES NOT RELATE TO A CONNECTED PERSON
………………………………
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
THE NOTIFICATION IS IN RESPECT OF THE HOLDINGS OF THE PERSON REFERRED TO IN 3 ABOVE
………………………………
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
COMMON SHARES
………………………………
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
JAMES PEARCE
………………………………
8 State the nature of the transaction
DISPOSITION OF SHARES
………………………………
9. Number of shares, debentures or financial instruments relating to shares acquired
NO SHARES WERE ACQUIRED
………………………………
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
NO SHARES WERE ACQUIRED
………………………………
11. Number of shares, debentures or financial instruments relating to shares disposed
2,500 SHARES
………………………………
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
APPROXIMATELY 0.002%
………………………………
13. Price per share or value of transaction
2,000 SHARES @ CAD 29.20
300 SHARES @ CAD 30.29
200 SHARES @ CAD 30.25
………………………………
14. Date and place of transaction
2,000 SHARES - APRIL 8, 2009, TORONTO STOCK EXCHANGE
500 SHARES - APRIL 9, 2009, TORONTO STOCK EXCHANGE
………………………………
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
79,899 SHARES, APPROXIMATELY 0.051%
………………………………
16. Date issuer informed of transaction
14 APRIL 2009
………………………………
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
[17 - 23 DELETED]
………………………………
24. Name of contact and telephone number for queries
ALLISON NEAPOLE, +41 22 702 9400
………………………………
Name and signature of duly authorised officer of issuer responsible for making notification
Allison M. Neapole
Senior Legal Advisor
………………………………
Date of notification
14 APRIL 2009
………………………………
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