Shareholding Update

RNS Number : 1999N

Caspian Sunrise plc

04 August 2017

 

Caspian Sunrise PLC ("Caspian Sunrise" or the "Company")

formerly Roxi Petroleum Plc

Shareholding update

Introduction

Caspian Sunrise PLC (formerly Roxi Petroleum plc) ("Caspian Sunrise"), the Central Asian oil and gas company, with a focus on Kazakhstan, has been informed of the following changes in the shareholdings of the Company.

On completion of the Baverstock Merger 651,436,544 new Caspian Sunrise shares of 1 pence each ("Shares") were issued to Baverstock GmbH ("Baverstock"). These together with their existing 98,000,000 Shares in Caspian Sunrise brought the total shareholding of Baverstock to 749,436,544 (44.9%). The total number Shares in issue were then and remain 1,669,673,820.

As previously announced to aid transparency it is planned that the four Baverstock Quota-holders split out their individual holdings pro rata to their individual interests in Baverstock.

While work to allow this to happen continues Baverstock has sold 11,922,500 Shares at a price of 10 pence per Share from the effective interests of one of the Quota-holders, Mr Dosbol Zholdybayev, who had a 13.61% interest in Baverstock. 

This reduces Mr Zholdybayev's effective holding in the Company from 101,998,314  shares (6.11%) to 90,075,814 shares (5.4%) and reduces Baverstock's interest from 749,436,544 shares (44.9%) to 737,516,044 shares (44.2%).

For the avoidance of doubt all the other Baverstock Quota-holders effective interests in Caspian Sunrise, including those of the Caspian Sunrise CEO Kuat Oraziman, remain unchanged.

Ends

Caspian Sunrise PLC
Clive Carver Executive Chairman	[phone]
WH Ireland, Nominated Adviser & Broker
James Joyce James Bavister	[phone]
Abchurch Communications
Tim Thompson	[phone]
[e-mail]

This announcement has been posted to:

www.caspiansunrise.com/investors

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

 

END

 

 

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