Falkland Oil and Gas Limited Holding(s) in Company (0453W)
December 19 2013 - 1:29PM
UK Regulatory
TIDMFOGL
RNS Number : 0453W
Falkland Oil and Gas Limited
19 December 2013
Falkland Oil & Gas Limited
HOLDING(S) IN COMPANY
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or the underlying Falkland Oil and Gas Limited
issuer
of existing shares to which voting rights
are
attached: (ii)
--------------------------------------------------- ----------------------------------------
2 Reason for the notification (please tick the appropriate box or boxes):
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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 X
----------------------------------------------------------------------------------- --------
Other (please
specify):
------------------- -------------------------------------------------------------- --------
3. Full name of person(s) subject 1. RAB CAPITAL LIMITED ACTING IN ITS
to the OWN CAPACITY AND AS DISCRETIONARY MANAGER
notification obligation: (iii) / ADVISOR OF RAB SPECIAL SITUATIONS
(MASTER) FUND LIMITED;
2. WILLIAM PHILIP SEYMOUR RICHARDS
-------------------------------------------- -----------------------------------------------
4. Full name of shareholder(s) 1. P.H. NOMINEES LIMITED;
(if different from 3.):(iv) 2. CREDIT SUISSE CLIENT NOMINEES (UK)
LIMITED;
3. FITEL NOMINEES LIMITED;
4. PERSHING NOMINEES LTD;
5. JAMES HAY PENSION TRUSTEES LIMITED
-------------------------------------------- -----------------------------------------------
5. Date of the transaction and date 05/12/2013
on
which the threshold is crossed
or
reached: (v)
-------------------------------------------- -----------------------------------------------
6. Date on which issuer notified: 19/12/2013
-------------------------------------------- -----------------------------------------------
7. Thresholds that are crossed or
reached: (vi, vii) 10%, 9%, 8%,7%
-------------------------------------------- -----------------------------------------------
8. Notified details:
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A: Voting rights attached to shares (viii, ix)
---------------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- --------------------------------------- -------------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of rights (x)
Shares Voting shares
Rights
------------- ---------------- --------------------- --------- ----------------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ----- ------- ------ ------- ---- --------- -------------- ------------- --------- --------------
ORDINARY
SHARES 30,000,000 30,000,000 n/a n/a 30,000,000 n/a 5.62%
---------------- --------------------- --------- -------------- ------------- --------- --------------
FK00B030JM18
------------- ----- ------- ------ ------- ---- ------- ----- ------- ----------- ----- -----------
ORDINARY
SHARES 2,605,000 2,605,000 n/a 2,605,000* n/a n/a 0.49%
---------------- --------------------- --------- -------------- ------------- --------- --------------
FK00B030JM18
------------- ----- ------- ------ ------- ---- ------- ----- ------- ----------- ----- -----------
ORDINARY
SHARES 2,400,000 2,400,000 n/a 2,400,000** n/a n/a 0.45%
---------------- --------------------- --------- -------------- ------------- --------- --------------
FK00B030JM18
------------- ----- ------- ------ ------- ---- ------- ----- ------- ----------- ----- -----------
B: Qualifying Financial Instruments
---------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
---------------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date (xiii) Conversion Period rights that may rights
(xiv) be
acquired if the
instrument is
exercised/ converted.
---------------------- --------------- ------------------------------- -------------------------- ---------------------
n/a
---------------------- --------------- ------------------------------- -------------------------- ---------------------
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 rights
financial price date (xvii) Conversion rights instrument (xix, xx)
instrument period refers to
(xviii)
---------------------------
Nominal Delta
--------------- -------------- --------------- --------------- --------------------------- -------------- -----------
Total (A+B+C)
---------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------------------------- ----------------------------------------------------------
35,005,000 6.56%
--------------------------------------------------------------- ----------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
----------------------------------------------------------------------------------------
RAB Capital Limited acts as investment manager / advisor for RAB Special
Situations (Master) Fund Limited (the "Fund") which is the beneficial
owner of 30,000,000 ordinary shares in the issuer.
The legal title to these securities is held on behalf of the Fund by
its nominee, Credit Suisse Client Nominees (UK) Limited.
*These shares are held by RAB Capital Limited itself, with the legal
title held on its behalf by its nominee, P.H. Nominees Limited.
**These shares are beneficially held or controlled by Mr. William Philip
Seymour Richards who is the appointed fund manager of RAB Special Situations
(Master) Fund Limited and is an employee and executive director of RAB
Capital Limited. The legal title to these shares is held in the name
of a number of nominees.
Owing to the chain of control of all of the securities disclosed, we
consider it appropriate to aggregate the holdings of the Funds, RAB Capital
Limited and William Philip Seymour Richards as per Box 8 above.
Proxy Voting:
----------------------------------------------------------------------------------------
10. Name of the proxy holder: n/a
-------------------------------------------------------- ------------------------------
11. Number of voting rights proxy holder will n/a
cease
to hold:
-------------------------------------------------------- ------------------------------
12. Date on which proxy holder will cease to n/a
hold
voting rights:
-------------------------------------------------------- ------------------------------
13. Additional information: ***this figure was calculated using
533,344,494
as the current issued share capital
of the issuer as announced on 5 December
2013.
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14. Contact name: Simon Gwyther, RAB Capital Limited
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15. Contact telephone number: 0207 389 7000
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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