TIDMSAVP TIDMSLA

RNS Number : 9924X

Savannah Petroleum PLC

16 August 2018

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible)(i) 
 
 1a. Identity of the issuer or the                                        Savannah Petroleum PLC 
  underlying issuer of existing shares 
  to which voting rights are attached(ii) 
  : 
                                                             ------------------------------------------------ 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                         ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                               X 
                                                                                                         ---- 
 An acquisition or disposal of financial instruments 
                                                                                                         ---- 
 An event changing the breakdown of voting rights 
                                                                                                         ---- 
 Other (please specify)(iii) : 
                                                                                                         ---- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                                         Aggregate of Standard Life Aberdeen 
                                                               plc affiliated investment management 
                                                               entities with delegated voting rights 
                                                               on behalf of multiple managed portfolios 
 City and country of registered office                        Edinburgh, Scotland 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
 Name 
                                                             ------------------------------------------------ 
 City and country of registered office 
  (if applicable) 
                                                             ------------------------------------------------ 
 5. Date on which the threshold was                           14/08/2018 
  crossed or reached(vi) : 
                                                             ------------------------------------------------ 
 6. Date on which issuer notified (DD/MM/YYYY):               15/08/2018 
                                                             ------------------------------------------------ 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting        % of voting rights      Total of both    Total number 
                            rights attached       through financial       in % (8.A +      of voting rights 
                            to shares (total         instruments              8.B)         of issuer(vii) 
                                of 8. A)            (total of 8.B 
                                                     1 + 8.B 2) 
                          ------------------  -----------------------  ----------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                     5.70                   0.00                 5.70             816,969,427 
                          ------------------  -----------------------  ----------------  -------------------- 
 Position of 
  previous notification 
  (if 
  applicable)                    4.89                   0.00                 4.89 
                          ------------------  -----------------------  ----------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which the 
  threshold was crossed or reached(viii) 
 A: Voting rights attached to shares 
 Class/type of       Number of voting rights(ix)                                          % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                                Direct                            Indirect                        Direct                   Indirect 
                          (Art 9 of Directive               (Art 10 of Directive            (Art 9 of Directive      (Art 10 of Directive 
                              2004/109/EC)                      2004/109/EC)               2004/109/EC) (DTR5.1)         2004/109/EC) 
                                (DTR5.1)                         (DTR5.2.1)                                               (DTR5.2.1) 
                                                    ----------------------------------- 
 GB00BP41S218                     N/A                            46,557,998                                                  5.70 
                    ------------------------------  -----------------------------------  ------------------------  ----------------------- 
 
 
 SUBTOTAL 8. A                                   46,557,998                                                     5.70 
                    -------------------------------------------------------------------  ------------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of financial   Expiration         Exercise/                                Number of voting                   % of voting 
  instrument          date(x)            Conversion Period(xi)                    rights that may                    rights 
                                                                                  be acquired if 
                                                                                  the instrument 
                                                                                  is 
                                                                                  exercised/converted. 
                    -----------------  ---------------------------------------  ---------------------------------  ----------------------- 
 
 
 
                                        SUBTOTAL 8. B 1 
                                       ---------------------------------------  ---------------------------------  ----------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of       Expiration               Exercise/                 Physical or                   Number of           % of voting 
 financial      date(x)                  Conversion                cash                          voting rights       rights 
 instrument                              Period (xi)               settlement(xii) 
              -----------------------  ------------------------  ----------------------------  ------------------ 
 
 
 
                                                                  SUBTOTAL 8.B.2 
                                                                 ----------------------------  ------------------ 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer(xiii) 
 Full chain of controlled undertakings through which the voting rights                                                                 X 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity(xiv) (please add additional 
  rows as necessary) 
          Name(xv)                        % of voting rights                      % of voting rights                Total of both if 
                                            if it equals or                        through financial                 it equals or is 
                                           is higher than the                      instruments if it                 higher than the 
                                          notifiable threshold                    equals or is higher             notifiable threshold 
                                                                                  than the notifiable 
                                                                                       threshold 
                             --------------------------------------------  --------------------------------  ----------------------------- 
 Standard Life Aberdeen 
  plc 
                             --------------------------------------------  --------------------------------  ----------------------------- 
 Standard Life Investments 
  (Holdings) Limited 
                             --------------------------------------------  --------------------------------  ----------------------------- 
 Standard Life Investments 
  Limited                                        5.70                                    0.00                             5.70 
                             --------------------------------------------  --------------------------------  ----------------------------- 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder                                                   N/A 
                                                                           --------------------------------------------------------------- 
 The number and % of voting rights                                          N/A 
  held 
                                                                           --------------------------------------------------------------- 
 The date until which the voting rights                                     N/A 
  will be held 
                                                                           --------------------------------------------------------------- 
 
 11. Additional information(xvi) 
 
  In reference to Section 9, the shares detailed are managed by the named 
  discretionary investment management entity within multiple portfolios 
  on behalf of underlying clients, based on investment management agreements 
  where-by the client has delegated the exercise of the voting power to 
  the referenced investment manager. 
 
  This disclosure also reflects the fact that the voting rights held indirectly 
  by the underlying intermediate holding company Standard Life Investments 
  (Holdings) Limited ("SLIHL") and held by the underlying investment management 
  entity Standard Life Investments Limited ("SLIL") increased above the 
  5% notifiable threshold due to trading on 14 August 2018. SLIHL now effectively 
  holds and SLIL holds the delegated voting rights to 5.70% of the shares 
  in Savannah Petroleum PLC. Prior to this crossing, SLIHL effectively 
  held and SLIL held 4.89% of the delegated voting rights. 
 
 
 
 Place of completion   Aberdeen, United Kingdom 
 Date of completion    15/08/2018 
                      ------------------------- 
 

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