Jupiter Energy Ltd Holding(s) in Company (5349H)
18 August 2016 - 5:51PM
UK Regulatory
TIDMJPRL
RNS Number : 5349H
Jupiter Energy Ltd
18 August 2016
18 August 2016
Jupiter Energy Limited ("Jupiter" or the "Company")
Notification of major interest in shares
The Board of Jupiter Energy Limited, the Kazakhstan-focused oil
exploration and production company, trading on AIM ("JPRL"), ASX
("JPR") and KASE ("AU_JPRL") has been notified of the following
changes of interest in shareholdings in the Company.
Name of Date Date Shareholding Percentage Shareholding Percentage
shareholder of transaction notified prior of issued following of issued
of transaction to transaction share transaction share
capital capital
-------------- ----------------- ----------------- ---------------- ----------- ------------- -----------
Arrow
Business 12 August 17 August
Ltd 2016 2016 30,386,217 19.81% 30,917,255 20.16%
-------------- ----------------- ----------------- ---------------- ----------- ------------- -----------
Section 611 (Item 9) of the Australian Corporations Act allows a
person to increase their voting power above 20% where they have had
voting power of at least 19% for 6 months prior to the increase and
the increase in voting power is not more than 3 percentage points
higher than the voting power that person had 6 months before the
increase, without contravening the prohibition in Chapter 6 of the
Corporations Act relating to takeovers.
ENDS
Enquiries:
Jupiter Energy (+61 89 322 8222)
Geoff Gander (geoff@jupiterenergy.com)
finnCap Ltd +44 (0)20 7220 0500
Matt Goode/Emily Watts (Corporate Finance)
Simon Johnson (Corporate Broking)
About the Company:
Jupiter Energy Limited is an oil exploration and production
company, quoted on the AIM, ASX and KASE markets. The Company is
focused on developing its onshore assets in western Kazakhstan. In
2008 the Company acquired 100 per cent of the Block 31 permit,
located in the oil-rich Mangistau Basin, close to the port city of
Aktau.
Jupiter has a proven in-country management team, led by an
experienced, international Board, together possessing the skills,
knowledge, network and attention to detail needed to operate
successfully in Kazakhstan. The forward plan will see Jupiter
develop a group production facility on Block 31 to process, store
and export oil. This topside infrastructure is a key element in
moving to long-term production and the achievement of self-funding
for further development of Block 31.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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