Solo Oil Plc Holding(s) in Company (8676N)
October 31 2016 - 7:20AM
UK Regulatory
TIDMSOLO
RNS Number : 8676N
Solo Oil Plc
31 October 2016
For immediate release
31 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
Nominated Adviser and
Joint Broker
Roland Cornish
(www.beaumontcornish.com) +44 (0) 20 7628 3396
Shore Capital
Joint Broker
Jerry Keen
+44 (0) 20 7408 4090
Beaufort Securities
Joint Broker
Jon Belliss
Cassiopeia Services +44 (0) 20 7382 8300
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 LTD
subject to the
notification obligation:
(iii)
----------------------------------------------------------- ---------------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv)
----------------------------------------------------------- ---------------------------------
5. Date of the transaction 28 OCTOBER 2016
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- ---------------------------------
6. Date on which issuer 28 OCTOBER 2016
notified:
----------------------------------------------------------- ---------------------------------
7. Threshold(s) that is/are 12% AND 11%
crossed or
reached: (vi, vii)
----------------------------------------------------------- ---------------------------------
8. Notified details:
------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
------------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- ---------------------------------- ---------------------------------------------------------------------
Number Number Number Number of voting % of voting
of of of shares rights rights (x)
Shares Voting
Rights
------------- ---------------- ---------------- -------------- ----------------------------- ----------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ------------ ------------ -------------- -------------- ------------- --------- -----------
GB00B1TYBN97 851,028,635 851,028,635 745,030,433 745,030,433 10.66%
------------- ---------------- ---------------- -------------- -------------- ------------- --------- -----------
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 % of voting
financial price date Conversion voting rights rights (xix,
instrument (xvii) period instrument xx)
(xviii) refers to
--------------- -------------- -------------- ---------------- ---------------- -----------------------------------
Nominal Delta
--------------- -------------- -------------- ---------------- ---------------- ------------- --------------------
Total (A+B+C)
------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------------- -------------------------------------------------------------------
745,030,433 10.66%
--------------------------------------------------- -------------------------------------------------------------------
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
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