Holding(s) in Company
September 02 2009 - 4:25AM
UK Regulatory
TIDMAXC
RNS Number : 3850Y
Addax Petroleum Corporation
02 September 2009
+----------------------------------------------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
+----------------------------------------------------------------------------------------+
+-------------------------------------------+-----------------------------------+
| 1. Identity of the issuer or the | Addax Petroleum Corporation |
| underlying issuer of existing shares to | |
| which voting rights are attached: | |
+-------------------------------------------+-----------------------------------+
+-------------------+---------------------------------------------------+--------+
| 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 | Mirror Lake Oil and Gas Company |
| the notification obligation: | Limited |
| | |
+-------------------------------------------+-----------------------------------+
| 4. Full name of shareholder(s) (if | |
| different from 3.): | |
| | |
+-------------------------------------------+-----------------------------------+
| 5. Date of the transaction and date | 1 September 2009 |
| on which the threshold is crossed | |
| or reached: | |
| | |
+-------------------------------------------+-----------------------------------+
| 6. Date on which issuer notified: | 1 September 2009 |
| | |
+-------------------------------------------+-----------------------------------+
| 7. Threshold(s) that is/are crossed | 99% |
| or reached: | |
| | |
+-------------------------------------------+-----------------------------------+
+--------------+--------------+----------+--------------+-------------+----------+----------+----------+
| 8. Notified details: |
+------------------------------------------------------------------------------------------------------+
| A: Voting rights attached to shares |
| |
+------------------------------------------------------------------------------------------------------+
| Class/type | Situation previous | Resulting situation after the triggering |
| of | to the triggering | transaction |
| shares | transaction | |
| if possible | | |
| using | | |
| the ISIN | | |
| CODE | | |
+ +-------------------------+-------------------------------------------------------------+
| | Number | Number | Number | Number of voting | % of voting |
| | of | of | of | rights | rights |
| | Shares | Voting | shares | | |
| | | Rights | | | |
+ + + +--------------+------------------------+---------------------+
| | | | Direct | Direct | Indirect | Direct | Indirect |
+--------------+--------------+----------+--------------+-------------+----------+----------+----------+
| Common | nil | nil | 162,947,508 | 162,947,508 | | 99.06% | |
| Shares | | | | | | | |
+--------------+ + + + + + + +
| CA00652V1022 | | | | | | | |
+--------------+--------------+----------+--------------+-------------+----------+----------+----------+
+---------------------+------------+--------------------+---------------------+----------------+
| B: Qualifying Financial Instruments |
+----------------------------------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
| |
+----------------------------------------------------------------------------------------------+
| Type of financial | Expiration | Exercise/ | Number of voting | % of voting |
| instrument | date | Conversion | rights that may be | rights |
| | | Period | acquired if the | |
| | | | instrument is | |
| | | | exercised/ | |
| | | | converted. | |
| | | | | |
+---------------------+------------+--------------------+---------------------+----------------+
| | | | | |
+---------------------+------------+--------------------+---------------------+----------------+
+---------------+----------+------------+------------+----------------+---------------+---------+
| C: Financial Instruments with similar economic effect to Qualifying Financial |
| Instruments |
+-----------------------------------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
| |
+-----------------------------------------------------------------------------------------------+
| Type of | Exercise | Expiration | Exercise/ | Number of | % of voting |
| financial | | | Conversion | voting | rights |
| instrument | price | date | | rights | |
| | | | period | instrument | |
| | | | | refers to | |
+---------------+----------+------------+------------+----------------+-------------------------+
| | | | | | Nominal | Delta |
| | | | | | | |
+ + + + + +---------------+---------+
| | | | | | | |
+---------------+----------+------------+------------+----------------+---------------+---------+
+-------------------------------------------+-----------------------------------+
| Total (A+B+C) |
| |
+-------------------------------------------------------------------------------+
| Number of voting rights | Percentage of voting rights |
+-------------------------------------------+-----------------------------------+
| 162,947,508 | 99.06% |
+-------------------------------------------+-----------------------------------+
+----------------------------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting rights and/or the |
| financial instruments are effectively held, if applicable: |
+----------------------------------------------------------------------------------------+
| |
+----------------------------------------------------------------------------------------+
+-------------------------------------------+-----------------------------------+
| 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: | The shares were acquired pursuant |
| | to an Offer to Purchase for cash |
| | all of the issued and outstanding |
| | common shares of Addax Petroleum |
| | Corporation for CAD 52.80 for |
| | each share. The shares were |
| | taken up on 27 August 2009 and |
| | payment was effected on 1 |
| | September 2009. |
+-------------------------------------------+-----------------------------------+
| 14. Contact name: | Allison Neapole |
| | Senior Legal Advisor |
| | Addax Petroleum Corporation |
+-------------------------------------------+-----------------------------------+
| 15. Contact telephone number: | +41 22 702 9400 |
| | |
+-------------------------------------------+-----------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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