Holding(s) in Company

RNS Number : 9708Z

Sound Oil PLC

24 January 2011

 



SOUND OIL PLC

("Sound" or the "Company")

Holdings in Company

Sound received notification on 21 January 2011 from RAB Capital plc ("RAB") that, following the issue of shares in the capital of the Company on 20 January 2011, RAB is now interested in a total of 339,074,606 shares representing 22.37% of the Company's issued share capital.

RAB acts as investment manager for RAB Energy Fund Limited and RAB Octane (Master) Fund Limited who are beneficial owners of 286,074,606 shares representing 18.88% of the Company's issued share capital. The legal title to these shares is held by Credit Suisse Client Nominees (UK) Limited.

53,000,000 shares, representing 3.50% of the Company's issued share capital, are held by Mr. Gavin Wilson who is the appointed fund manager of RAB Energy Fund Limited and RAB Octane (Master) Fund Limited and is an employee of RAB.

Ends

For further enquiries please contact:

Sound Oil plc	07903 861 145
Gerry Orbell - Chairman Finncap Sarah Wharry/Christopher Raggett  - Corporate Finance Tom Jenkins/Joanna Weaving - Corporate Broking Buchanan Communications	020 7600 1658 020 7466 5000

Tim Thompson

 

END

 

 

HOLLLFLFLFISFIL