Holding(s) in Company
June 04 2009 - 11:45AM
UK Regulatory
TIDMVPC
RNS Number : 4072T
Venture Production plc
04 June 2009
+--------------------------------------------+
| |
+--------------------------------------------+
| |
+--------------------------------------------+
+-------------------------------------------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
+-------------------------------------------------------------------------------------+
+-------------------------------------------+------------------------------------------+
| 1. Identity of the issuer or the | |
| underlying issuer of existing shares to | VENTURE PRODUCTION PLC |
| which voting rights are attached: | |
+-------------------------------------------+------------------------------------------+
+-------------------+---------------------------------------------------+---------------+
| 2 Reason for the notification (please tick the appropriate box or boxes): |
+---------------------------------------------------------------------------------------+
| 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 | |
+-----------------------------------------------------------------------+---------------+
| Other (please | CHANGE OF DTRs ON 1 JUNE 2009 | X |
| specify): | | |
+-------------------+---------------------------------------------------+---------------+
+-------------------------------------------+------------------------------------------+
| 3. Full name of person(s) subject to | NORTH SEA INVESTORS LIMITED |
| the notification obligation: | |
| | |
+-------------------------------------------+------------------------------------------+
| 4. Full name of shareholder(s) (if | N/A |
| different from 3.): | |
| | |
+-------------------------------------------+------------------------------------------+
| 5. Date of the transaction and date | THRESHOLD DEEMED TO BE CROSSED ON |
| on which the threshold is crossed | 1 JUNE 2009 |
| or reached: | |
| | |
+-------------------------------------------+------------------------------------------+
| 6. Date on which issuer notified: | 4 JUNE 2009 |
| | |
+-------------------------------------------+------------------------------------------+
| 7. Threshold(s) that is/are crossed | 10% |
| or reached: | |
| | |
+-------------------------------------------+------------------------------------------+
+--------------+----------+----------+----------+------------+----------+----------+------------+
| 8. Notified details: |
+-----------------------------------------------------------------------------------------------+
| A: Voting rights attached to shares |
| |
+-----------------------------------------------------------------------------------------------+
| Class/type | Situation previous | Resulting situation after the triggering transaction |
| of | to the triggering | |
| shares | transaction | |
| if possible | | |
| using | | |
| the ISIN | | |
| CODE | | |
+ +---------------------+----------------------------------------------------------+
| | Number | Number | Number | Number of voting | % of voting rights |
| | of | of | of | rights | |
| | Shares | Voting | shares | | |
| | | Rights | | | |
+ + + +----------+-----------------------+---------------------+
| | | | Direct | Direct | Indirect | Direct | Indirect |
+--------------+--------------+----------+--------------+----------+----------+----------+------------+
| 0.4p | | | | 8,110,208 | SEE | 5.41% | SEE |
| ORDINARY | | | | | SECTION | | SECTION 9 |
| | | | | | 9 BELOW | | BELOW |
+--------------+ + + + + + + +
| | | | | | | | |
+--------------+----------+----------+----------+------------+----------+----------+------------+
+------------------+------------+-----------------+------------------+----------------------+
| B: Qualifying Financial Instruments |
+-------------------------------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
| |
+-------------------------------------------------------------------------------------------+
| Type of | Expiration | Exercise/ | Number of voting | % of voting |
| financial | date | Conversion | rights that may | rights |
| instrument | | Period | be | |
| | | | acquired if the | |
| | | | instrument is | |
| | | | exercised/ | |
| | | | converted. | |
| | | | | |
+------------------+------------+-----------------+------------------+----------------------+
| N/A | | | | |
+------------------+------------+-----------------+------------------+----------------------+
+---------------+--------------+------------+------------+----------------+---------------+--------------+
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments |
+--------------------------------------------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
| |
+--------------------------------------------------------------------------------------------------------+
| Type of | Exercise | Expiration | Exercise/ | Number of | % of voting rights |
| financial | price | | Conversion | voting | |
| instrument | | date | | rights | |
| | | | period | instrument | |
| | | | | refers to | |
+---------------+--------------+------------+------------+----------------+------------------------------+
| CONVERTIBLE | 915p | 06/08/2010 | ANY TIME | 8,251,366 | Nominal | Delta |
| BOND | | | FROM | | | |
| | | | 16/02/2008 | | | |
+ + + + + +---------------+--------------+
| | | | | | 5.51% | |
+---------------+--------------+------------+------------+----------------+---------------+--------------+
+-------------------------------------------+------------------------------------------+
| Total (A+B+C) |
| |
+--------------------------------------------------------------------------------------+
| Number of voting rights | Percentage of voting rights |
+-------------------------------------------+------------------------------------------+
| 16,361,574 | 10.92% |
+-------------------------------------------+------------------------------------------+
+-------------------------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting rights and/or the |
| financial instruments are effectively held, if applicable: |
+-------------------------------------------------------------------------------------+
| NORTH SEA INVESTORS LIMITED HOLDS A DIRECT BENEFICIAL INTEREST IN THE TOTAL NUMBER |
| OF VOTING RIGHTS DISCLOSED IN SECTION 8 ABOVE. NORTH SEA INVESTORS LIMITED IS OWNED |
| BY NSGP CO-INVEST L.P. (CAYMAN), WHICH IS CONTROLLED BY NSGP CO-INVEST G.P. LIMITED |
| (CAYMAN), WHICH IS CONTROLLED BY AFFILIATES OF ARCLIGHT CAPITAL PARTNERS, LLC. |
+-------------------------------------------------------------------------------------+
+-------------------------------------------+------------------------------------------+
| Proxy Voting: |
| |
+--------------------------------------------------------------------------------------+
| 10. Name of the proxy holder: | N/A |
| | |
+-------------------------------------------+------------------------------------------+
| 11. Number of voting rights proxy holder | N/A |
| will cease to hold: | |
| | |
+-------------------------------------------+------------------------------------------+
| 12. Date on which proxy holder will cease | N/A |
| to hold voting rights: | |
| | |
+-------------------------------------------+------------------------------------------+
+-------------------------------------------+------------------------------------------+
| 13. Additional information: | NOTIFICATION USING TOTAL VOTING RIGHTS |
| | OF 149,769,828 |
+-------------------------------------------+------------------------------------------+
| 14. Contact name: | CHRISTOPHER J PICOTTE |
| | |
+-------------------------------------------+------------------------------------------+
| 15. Contact telephone number: | 020 3178 4024 |
| | |
+-------------------------------------------+------------------------------------------+
Name and signature of duly authorised officer of the listed company responsible
for making this notification
+-----------------------------------------------------------------------+
| SIMON WAITE |
+-----------------------------------------------------------------------+
Date of notification
+-----------------------------------------------------------------------+
| 4 june 2009 |
+-----------------------------------------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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