TIDMBOIL

RNS Number : 6012T

Baron Oil PLC

25 November 2021

25 November 2021

Baron Oil Plc

("Baron" or the "Company")

Holding(s) in Company

Baron Oil Plc (AIM:BOIL) announces that it was notified on 25 November 2021 that a transfer of 1,157,202,885 Baron ordinary shares of 0.025 pence each ("Ordinary Shares") from SundaGas Pte. Ltd ("SGPL") to Andrew Butler and Paul Ebdale was completed on 24 November 2021.

Andrew Butler and Paul Ebdale are the owners of SGPL and so there has been no change in the ultimate beneficial ownership of these shares. A Deed of Adherence to the Relationship Agreement Deed of 17 June 2021 has been signed whereby Andrew Butler and Paul Ebdale will assume all of the obligations pursuant to the Relationship Agreement, the key provisions of which were described in the Company's announcement of 18 June 2021.

Following this transfer of Ordinary Shares, Andrew Butler is now beneficially interested in 578,601,442 Ordinary Shares, equivalent to 4.99% of the voting rights in the Company and Paul Ebdale is now interested in 578,601,443 Ordinary Shares, equivalent to 4.99% of the voting rights in the Company. SGPL no longer holds any Ordinary Shares.

For further information, please contact:

 
Baron Oil Plc                                             +44 (0) 20 7117 2849 
Andy Yeo, Chief Executive 
 
Allenby Capital Limited                                   +44 (0) 20 3328 5656 
Nominated Adviser and Joint Broker 
Alex Brearley, Nick Harriss, Nick Athanas (Corporate 
 Finance) 
 Kelly Gardiner (Sales and Corporate Broking) 
Turner Pope Investments (TPI) Limited                     +44 (0) 20 3657 0050 
Andy Thacker (Joint Broker) 
IFC Advisory Limited                                      +44 (0) 20 3934 6630 
Financial PR and IR 
Tim Metcalfe, Florence Chandler 
 
 
 

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END

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November 25, 2021 04:57 ET (09:57 GMT)

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