TIDMSOLO

RNS Number : 1102M

Solo Oil Plc

10 October 2016

For immediate release

10 October 2016

Solo Oil Plc

("Solo" or the "Company")

Holding(s) in Company

The Board of Solo announces that the Company has received the following TR-1 notification which is set out below without amendment.

For further information:

 
 Solo Oil plc 
  Neil Ritson 
  Daniel Maling              +44 (0) 20 3794 9230 
 
 Beaumont Cornish Limited 
  Nominated Adviser and 
  Joint Broker 
  Roland Cornish             +44 (0) 20 7628 3396 
 
   Shore Capital 
   Joint Broker 
   Pascal Keane 
   Jerry Keen (Corporate 
   Broker) 
                               +44 (0) 20 7408 4090 
   Cassiopeia Services 
   Ltd 
   Investor and Media 
   Relations 
   Stefania Barbaglio          +44 (0) 79 4969 0338 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                       SOLO OIL PLC 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-----------------------------------------------------------  ------------------------- 
 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)                                    EPSILON INVESTMENTS PTE 
  subject to the                                                         LTD 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ------------------------- 
 5. Date of the transaction                                        7 OCTOBER 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------- 
 6. Date on which issuer                                           7 OCTOBER 2016 
  notified: 
-----------------------------------------------------------  ------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                    14% 
-----------------------------------------------------------  ------------------------- 
 
 
 
 8. Notified details: 
-------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
-------------------------------------------------------------------------------------------------------- 
 Class/type      Situation previous            Resulting situation after 
  of              to the triggering             the triggering transaction 
  shares          transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
--------------  ----------------------------  ---------------------------------------------------------- 
                 Number        Number          Number        Number of                % of voting 
                  of            of              of shares     voting                   rights (x) 
                  Shares        Voting                        rights 
                                Rights 
--------------  ------------  --------------  ------------  -----------------------  ------------------- 
                                               Direct        Direct        Indirect   Direct    Indirect 
                                                              (xi)          (xii) 
--------------  ------------  --------------  ------------  ------------  ---------  --------  --------- 
 GB00B1TYBN97    981,144,340    981,144,340    935,461,623   935,461,623              13.39% 
                ------------  --------------  ------------  ------------  ---------  --------  --------- 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------- 
 Type of         Expiration    Exercise/                     Number of                % of voting 
  financial       date          Conversion                    voting                   rights 
  instrument      (xiii)        Period (xiv)                  rights that 
                                                              may be 
                                                              acquired 
                                                              if the 
                                                              instrument 
                                                              is 
                                                              exercised/ 
                                                              converted. 
--------------  ------------  ----------------------------  -----------------------  ------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
-------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------- 
 Type of         Exercise      Expiration      Exercise/     Number of voting         % of voting 
  financial       price         date           Conversion     rights instrument        rights (xix, 
  instrument                    (xvii)         period         refers to                xx) 
                                               (xviii) 
--------------  ------------  --------------  ------------  -----------------------  ------------------- 
                                                                                      Nominal   Delta 
--------------  ------------  --------------  ------------  -----------------------  --------  --------- 
 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                     Percentage of voting rights 
----------------------------------------------------------  -------------------------------------------- 
 
 
 
 
 9. Chain of controlled undertakings through which 
  the voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------------------- 
 
 
 Proxy Voting: 
-------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
-------------------------------------------------------------  ----------------- 
 11. Number of voting rights proxy 
  holder will cease 
  to hold: 
-------------------------------------------------------------  ----------------- 
 12. Date on which proxy holder will 
  cease to hold 
  voting rights: 
-------------------------------------------------------------  ----------------- 
 
 
  13. Additional information: 
-------------------------------------------------------------  ----------------- 
 14. Contact name:                                              Sujatha Panicker 
-------------------------------------------------------------  ----------------- 
 15. Contact telephone number:                                    +67 34 6350 
-------------------------------------------------------------  -----------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLFFISUSFMSEFS

(END) Dow Jones Newswires

October 10, 2016 05:17 ET (09:17 GMT)

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