Holding(s) in Company

RNS Number : 2654W

Jersey Oil and Gas PLC

17 August 2015

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			Jersey Oil and Gas plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		William Philip Seymour Richards
4. Full name of shareholder(s)  (if different from 3.):iv		Fitel Nominees Limited
5. Date of the transaction and date on which the threshold is crossed or reached: v		17/08/2015
6. Date on which issuer notified:		17/08/2015
7. Threshold(s) that is/are crossed or reached: vi, vii		3%,4%,5%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares GB00BYN5YK77

0

0

n/a

n/a

500,000*

n/a

5.99%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

500,000

5.99%***

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
*250,000 of these shares are owned beneficially by Mr. William Philip Seymour Richards in his personal capacity. The balance of 250,000 shares are owned beneficially by RAB Capital Holdings Limited ("RCH"), a company in which Mr Richards is majority shareholder, and of which he is an executive director. Owing to Mr Richards' position in relation to RCH, we consider it appropriate to aggregate their respective holdings as per Box 8 above. The legal title to these shares is held on Mr Richards' and RCH's behalf by their nominee, Fitel Nominees Limited.
Proxy Voting:
10. Name of the proxy holder:		n/a
11. Number of voting rights proxy holder will cease to hold:		n/a
12. Date on which proxy holder will cease to hold voting rights:		n/a
13. Additional information:	***this figure was calculated using 8,342,012 as the Issuer's outstanding share capital as at the date on which the relevant threshold was crossed.
14. Contact name:	RAB Capital Holdings Limited - Legal Team
15. Contact telephone number:	020 7389 7000

 

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