TIDMPMO TIDMBAC

RNS Number : 4197Z

Premier Oil PLC

14 March 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------------------------------------------------------------------- 
 1. Identity of the issuer or 
  the underlying issuer of existing 
  shares to which voting rights                                                  PREMIER OIL PLC 
  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                                                                                                   X 
  of shares already issued to which voting rights 
  are attached 
------------------------------------------------------------------------------------------------------------------------------------  -------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial                                                                                                   X 
  instruments 
------------------------------------------------------------------------------------------------------------------------------------  -------------------- 
 
   An event changing the breakdown of voting rights 
------------------------------------------------------------------------------------------------------------------------------------  -------------------- 
 Other (please specify): 
------------------------------------------------------------------------------------------------------------------------------------  -------------------- 
 
 
   3. Full name of person(s) 
   subject to the notification                                  Bank of America Corporation 
   obligation: iii 
-----------------------------------------------------------  --------------------------------------------------------------------------------------------- 
 
    4. Full name of shareholder(s)                              Bank of America National Association 
    (if different from 3.):iv                                   Merrill Lynch International 
-----------------------------------------------------------  --------------------------------------------------------------------------------------------- 
 5. Date of the transaction 
  and date on                                                   9(th) March 2017 
  which the threshold is crossed 
  or reached: v 
-----------------------------------------------------------  --------------------------------------------------------------------------------------------- 
 
   6. Date on which issuer notified:                            13(th) March 2017 
-----------------------------------------------------------  --------------------------------------------------------------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or reached: vi, vii                                   Above 5% in section 8C 
                                                                Still above 7% in total 
-----------------------------------------------------------  --------------------------------------------------------------------------------------------- 
 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 voting                      % of voting 
                    of                of Voting           of shares             rights                                rights x 
                    Shares            Rights 
----------------  -----------------  ------------------  -------------------  ------------------------------------  -------------------------------------- 
 
                                                            Direct              Direct              Indirect          Direct           Indirect 
                                                                                xi                  xii 
----------------      -------------      --------------  -------------------  -----------------  -----------------  --------------  ---------------------- 
 
 
   GB00B43G0577    15,292,652         15,202,652            0                    0                 10,241,921          0               2.005% 
----------------  -----------------  ------------------  -------------------  -----------------  -----------------  --------------  ---------------------- 
 
   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                           rights 
                        xiii               Period xiv                             may be acquired 
                                                                                  if the instrument 
                                                                                  is exercised/ 
                                                                                  converted. 
--------------------  -----------------  -------------------------------------  ------------------------------------  ------------------------------------ 
 
   Right to Recall 
   Securities            N/A                N/A                                    1,300,000                             0.254% 
--------------------  -----------------  -------------------------------------  ------------------------------------  ------------------------------------ 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments 
  xv, xvi 
---------------------------------------------------------------------------------------------------------------------------------------------------------- 
 
   Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Exercise           Expiration          Exercise           Number of            % of voting rights 
  instrument          price              date xvii           / Convers          voting rights        xix, xx 
                                                             ion                instrument 
                                                             period             refers to 
                                                             xviii 
------------------  -----------------  ------------------  -----------------  -------------------  ------------------------------------------------------- 
 
                                                                                                      Nominal              Delta 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                30-May-2017         N/A                           732,281               0.143%                              0.143% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                21-Jul-2017         N/A                           200,000               0.039%                              0.039% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                07-Aug-2017         N/A                        12,000,000               2.349%                              2.349% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                15-Sep-2017         N/A                            19,507               0.004%                              0.004% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                31-Oct-2017         N/A                            62,763               0.012%                              0.012% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                06-Dec-2017         N/A                         1,000,000               0.196%                              0.196% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                11-Jan-2018         N/A                         1,006,498               0.197%                              0.197% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                22-Feb-2018         N/A                         2,314,751               0.453%                              0.453% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                23-Feb-2018         N/A                           475,078               0.093%                              0.093% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                26-Feb-2018         N/A                           919,977               0.180%                              0.180% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                28-Feb-2018         N/A                         2,000,000               0.392%                              0.392% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                01-Mar-2018         N/A                         2,887,784               0.565%                              0.565% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                06-Mar-2018         N/A                           402,410               0.079%                              0.079% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                08-Mar-2018         N/A                         1,365,400               0.267%                              0.267% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                30-Apr-2018         N/A                           300,000               0.059%                              0.059% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                16-May-2018         N/A                            22,056               0.004%                              0.004% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                26-Sep-2018         N/A                           160,000               0.031%                              0.031% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 
   Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ------------------------------------------------------------------------------------------- 
 
   37,347,663                                                     7.311% 
-------------------------------------------------------------  ------------------------------------------------------------------------------------------- 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------------------------------------------------------------------------------------- 
 
                                                                                                     Merrill Lynch International - Above trading book 
                                                                                                     exemption 
                                                                                                     threshold 
 
                                                                                                     Voting Rights % 
                                                                                                     Bank of America National Association 6,000,000 1.175% 
                                                                                                     Merrill Lynch International 31,347,663 6.137% 
 
                                                                                                     Total 37,347,663 7.311% 
 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:                                              Harshini Gopa 
-------------------------------------------------------------  ------------------------------------------------------------------------------------------- 
 
   15. Contact telephone number:                                  0207 996 3410 
-------------------------------------------------------------  ------------------------------------------------------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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