TIDMJOG

RNS Number : 2654W

Jersey Oil and Gas PLC

17 August 2015

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                     Jersey Oil and Gas 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)                               William Philip Seymour Richards 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------  --------------------------------- 
 4. Full name of shareholder(s)                                   Fitel Nominees Limited 
  (if different from 3.):(iv) 
-----------------------------------------------------  --------------------------------- 
 5. Date of the transaction                                                   17/08/2015 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------  --------------------------------- 
 6. Date on which issuer                                                      17/08/2015 
  notified: 
-----------------------------------------------------  --------------------------------- 
 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      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              % of voting 
                 of             of           of             voting                 rights (x) 
                 Shares         Voting       shares         rights 
                                Rights 
--------------  ------------  ------------  ------------  ---------------------  ------------------- 
                                             Direct        Direct   Indirect      Direct    Indirect 
                                                           (xi)      (xii) 
--------------  ------------  ------------  ------------  -------  ------------  --------  --------- 
 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         Expiration    Exercise/                   Number of voting       % of voting 
  financial       date          Conversion                  rights that            rights 
  instrument      (xiii)        Period (xiv)                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 (xvii)    Conversion    rights instrument      rights (xix, 
  instrument                                  period        refers to              xx) 
                                              (xviii) 
--------------  ------------  ------------  ------------  ---------------------  ------------------- 
                                                                                  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                                       n/a 
  holder will cease 
  to hold: 
--------------------------------------------------------  --------------------------------- 
 12. Date on which proxy holder will                                     n/a 
  cease to hold 
  voting rights: 
--------------------------------------------------------  --------------------------------- 
 
 
  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 
--------------------------------------------------------  --------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 17, 2015 09:31 ET (13:31 GMT)

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