Disclosure Form SAR 6

RNS Number : 8675A
San Leon Energy PLC
15 October 2009
 



APPENDIX


DISCLOSURE FORM

FORM SAR 6


IRISH TAKEOVER PANEL


Lodge with the Stock Exchange (which may publicise) and with the Panel. A copy must also be sent to the company the voting securities of which (or the rights over the voting securities of which) are acquired.

    Date of disclosure 15 OCTOBER 2009


DISCLOSURE UNDER RULE 6 OF THE IRISH TAKEOVER PANEL

ACT, 1997, SUBSTANTIAL ACQUISITION RULES, 2007 ("SARs")


Date of Acquisition:    14 OCTOBER 2009


Acquisition in     ISLAND OIL & GAS PLC    (name of company)


(1)  Class of voting securities (e.g. ordinary shares)

Number of voting securities/rights over voting securities acquired

If rights over voting securities acquired, as opposed to the securities themselves specify nature of rights


    ORDINARY SHARES OF €0.01 EACH


   NIL   securities


   25,000,000      rights




IRREVOCABLE COMMITMENTS

(2)    Resultant total holding of voting securities (and % of total voting securities in issue)


Resultant total holding of rights over voting securities (and % of total voting securities in issue)

Total percentage

       21,000    (0.02%)


   25,000,000   (18.39%)

     25,021,000   (18.41%)

(3) Party making disclosure     SAN LEON ENERGY PLC


(4)(a) Name of person acquiring securities or rights over securities


   SAN LEON ENERGY PLC


   and, if different, beneficial owner   ................................................................................................


(b) Names of any other persons acting in concert (see SAR 3)   PURSUANT TO RULE 3.3(b)(ii)(1) OF PART A OF THE TAKEOVER RULES THERE IS A PRESUMPTION THAT EACH DIRECTOR OF SAN LEON ENERGY PLC IS ACTING IN CONCERT WITH SAN LEON ENERGY PLC. PHILIP THOMPSON, A DIRECTOR OF SAN LEON ENERGY PLC, HOLDS 21,000 ORDINARY SHARES IN ISLAND OIL & GAS PLC


Signed, for and on behalf of the party named in (3) above    Oisin Fanning


(Also print name of signatory)        OISIN FANNING


Telephone and extension number        + 353 (0) 1291 6292


Note 1. Under SAR 3, the holdings of and acquisitions by persons acting in concert must be aggregated and treated as a holding of or acquisition by one person. SAR 8(b) requires persons who must aggregate holdings to disclose certain disposals.


Note 2. "Stock Exchange": see definition in Rule 2.1(a) of Part A of the Takeover Rules.


For details of the SARs disclosure requirements, see Rules 4, 6 and 8(b) of the SARs. If in doubt, consult the Panel.



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