Eland Oil & Gas PLC TR-1: Notification of Major Interest in Shares (2502I)
16 June 2017 - 1:42AM
UK Regulatory
TIDMELA
RNS Number : 2502I
Eland Oil & Gas PLC
15 June 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
----------------------------------------------------------------------------------------------------
1. Identity of the issuer or Eland Oil & 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
------------------------------------------------------------------------------------------------
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 Placement of new shares X
specify):
--------------------------------------------------------- -------------------------------------
3. Full name of person(s) Lombard Odier Asset Management
subject to the (Europe) Limited
notification obligation:
(iii)
----------------------------------------------------------- ---------------------------------------
4. Full name of shareholder(s) Disclosure on behalf of accounts
(if different from 3.):(iv) managed on a discretionary
basis by Lombard Odier Investment
Managers group.
----------------------------------------------------------- ---------------------------------------
5. Date of the transaction 14/06/2017
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- ---------------------------------------
6. Date on which issuer 15/06/2017
notified:
----------------------------------------------------------- ---------------------------------------
7. Threshold(s) that is/are Below 26%
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 % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
------------- ---------------- ----------------- -------------- ----------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ------------ ------------- -------------- --------- ------------ ------------ -----------
GB00B8HHWX64 47,263,028 47,263,028 52,998,519 24.78%
---------------- ----------------- -------------- --------- ------------ ------------ -----------
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.
----------------- -------------- --------------------------------- ------------------------- ---------------------
CFD 1,581,953 0.74%
----------------- -------------- --------------------------------- ------------------------- ---------------------
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
---------------------------------------------------- ----------------------------------------------------------------
54,580,472 25.52%
---------------------------------------------------- ----------------------------------------------------------------
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: Kiran Bassi
------------------------------------------------------------- -----------------
15. Contact telephone number: +44 20 3206 6000
------------------------------------------------------------- -----------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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