Mayan Energy Limited Holding(s) in Company (8925N)

TIDMMYN

RNS Number : 8925N

Mayan Energy Limited

14 August 2017

Mayan Energy Ltd / Index: AIM / Epic: MYN/ ISIN: VGG6622A1057 / Sector: Oil and Gas

Mayan Energy Ltd ("Mayan" or "the Company")

Holdings in Company

The Board of Mayan announces that the Company has received the following TR-1 notification which is set out below.

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                Mayan Energy 
  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                     YES 
----------------------------------------------------------  ------------- 
 An acquisition or disposal of qualifying financial               NO 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
----------------------------------------------------------  ------------- 
 An acquisition or disposal of instruments with                   NO 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------  ------------- 
 An event changing the breakdown of voting rights                 NO 
----------------------------------------------------------  ------------- 
 Other (please 
  specify): 
--------------------------------------------------------    ------------- 
 3. Full name of person(s)                                  SPREADEX LTD 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------------  -------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
---------------------------------------------------------  -------------- 
 5. Date of the transaction                                 10/8/2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  -------------- 
 6. Date on which issuer                                    11/8/2017 
  notified: 
---------------------------------------------------------  -------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                        7% 
---------------------------------------------------------  -------------- 
 
 
 
 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) 
-------------      -----------    -----------    -------------  -------------  ------------  ------------  ----------- 
 Ordinary 
 1 - 
 VGG5S26K1152   26,666,667       26,666,667       23,333,334     23,333,334                   6.89% 
               ---------------  ---------------  -------------  -------------  ------------  ------------  ----------- 
 
 
 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. 
-----------------  -------------  ------------------------------  -----------------------------  --------------------- 
 
 
 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 
-------------------------------------------------  ------------------------------------------------------------------- 
 23,333,334                                         6.89% 
-------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 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:                                              DAVID CORBEN 
-------------------------------------------------------------  ------------- 
 15. Contact telephone number:                                  01727 895135 
-------------------------------------------------------------  -------------

For further information visit www.mayanenergy.com or contact the following:

 
                                       + 1 469 394 
 Eddie Gonzalez    Mayan Energy Ltd     2008 
                                       +44 7971 444 
 Charlie Wood      Mayan Energy Ltd     326 
                   Beaumont Cornish    +44 20 7628 
 Roland Cornish     Ltd                 3396 
                   Beaumont Cornish    +44 20 7628 
 James Biddle       Ltd                 3396 
                   Cornhill Capital    +44 20 7710 
 Nick Bealer        Limited             9612

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 14, 2017 04:08 ET (08:08 GMT)

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