Matra Petroleum PLC Holding(s) in Company RNS Number : 6054Y Matra Petroleum PLC 27 January 2014
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Matra Petroleum PLC
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 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 specify):
3. Full name of person(s) subject to the notification obligation: Delek Energy Systems Limited 4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached: 24 January 2014 6. Date on which issuer notified: 24 January 2014 7. Threshold(s) that is/are crossed or reached: 7% and downwards through 3%
8. Notified details: A: Voting rights attached to shares Class/type of shares
if possible using the ISIN CODE Situation previous to the triggering transaction Resulting situation after the triggering transaction Number of Shares Number of Voting Rights Number of shares Number of voting rights % of voting rights Direct Direct Indirect Direct Indirect Ordinary shares
GB00B06GS855 157,000,000 157,000,000 0 0
B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial instrument Expiration date Exercise/ Conversion Period Number of voting rights that may be acquired if the instrument is exercised/ converted.
% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial instrument Exercise price Expiration date Exercise/ Conversion period Number of voting rights instrument refers to % of voting rights
Total (A+B+C) Number of voting rights Percentage of voting rights 0 0%
Hi Mate--you make some good logical points but my take on it is---IF there were no suspension with all that has been going on behind the scenes it COULD have had a great adverse effect upon the sp?? Also when it re-opens I guess it will start at the closing price last time---which is a starting point BUT if all these goings on and negotiations means MTA is in a much better place then the SP SHOULD go up. Had it stayed open and gone down then any good news now would have been eaten´up by the interim losses---if that makes sense?? Also--we do not know---but maybe it was a requirement of the regulations that MTA had to be suspended whilst all this was gong. However I am sure there are more qualified folk on here that can give us a more defined answer?? Whatever, I trust--I do not know why???--- Barskiy to have done the right thing and take MTA to a better place with great prospects---no point in him being here otherwise!! But like many I will be glad when we are up and running again and I hope when we are, us shareholders get a good explanation from The Board as to what has been going on, and in what place MTA is when we do get going.
On a more serious note, why would MB want to suspend the share price ( I believe it was his decision, but could be wrong, it might of been cos of the rules of AIM ), but if it wasnt and so like I said he requested the share price be suspended, why would he do that if the price when it re opens is the same as the close price on the day of the suspension? Its been nagging me for the last 5 minutes when I had one of those moments...... It would make more sense for when we re open the price it is nothing like the suspended price. I mean after all wasn't that what he said in the RNS announcing the suspension, or words to that effect, before anyone quotes me word for word. I mean, otherwise wouldnt he of simply done it phase by phase without the suspension and let the market react as normal in these situations. Maybe i'm totally wrong cos of the brain damage from these dam pills i have to keep popping inside of me. But I'd like to believe hes done it because he knows the price will be no where near it was pre suspension and show the shareholders he does actually care about us who stuck with it during the fall we've seen over the last year and a bit. Well that's what I think anyways.... Night night
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