Brian Goodman, CEO of Golden Matrix Group Inc. explains how they stay one step ahead of their rivals. Watch the interview here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Sponsored Content

Pin to quick picksArrow Explor. Regulatory News (AXL)

Share Price Information for Arrow Explor. (AXL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 22.50
Bid: 22.00
Ask: 23.00
Change: 0.50 (2.27%)
Spread: 1.00 (4.545%)
Open: 22.00
High: 22.50
Low: 22.00
Prev. Close: 22.00

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TR-1: Notification of major holdings

19 Oct 2023 07:29

RNS Number : 6530Q
Arrow Exploration Corp.
19 October 2023
 

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 underlying issuer of existing shares to which voting rights are attached ii:

Arrow Exploration Corp.?

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

Canacol Energy Ltd.

City and country of registered office (if applicable)

Calgary, Alberta, Canada

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 crossed or reached vi:

13/10/2023

6. Date on which issuer notified (DD/MM/YYYY):

18/10/2023

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights held in issuer (8.A + 8.B) vii

Resulting situation on the date on which threshold was crossed or reached

21.19%

Nil

21.19%

60,072,807

Position of previous notification (if

applicable)

 

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 ofshares

ISIN code (if possible)

Number of voting rights ix

% of voting rights

Direct

(DTR5.1)

Indirect

 (DTR5.2.1)

Direct

(DTR5.1)

Indirect

(DTR5.2.1)

CA04274P1053

60,072,807

21.19%

SUBTOTAL 8. A

21.19%

 

 

B 1: Financial Instruments according to DTR5.3.1R (1) (a)

Type of financial instrument

Expirationdate x

Exercise/Conversion Period xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

SUBTOTAL 8. B 1

 

 

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)

Type of financial instrument

Expirationdate x

Exercise/Conversion Period xi

Physical or cash

Settlement xii

Number of voting rights

% of voting rights

 

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 and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv

Name xv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

 

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional information xvi

 

Place of completion

Calgary, Alberta, Canada

Date of completion

October 18, 2023

 

 

 

 

 

Notes

 

i Please note this form should be read jointly with the applicable Disclosure Guidance and Transparency Rules Chapter 5 (DTR5) available on the following link: https://www.handbook.fca.org.uk/handbook/DTR/5/?view=chapter

 

ii Full name of the legal entity and further specification of the issuer or underlying issuer, provided it is reliable and accurate (e.g. address, LEI, domestic number identity). Indicate in the relevant section whether the issuer is a non UK issuer.

 

iii Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g. expiring of financial instruments) or acting in concert.

 

iv This should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of or exercising voting rights in the cases provided for in DTR5.2.1 (b) to (h); (c) all parties to the agreement referred to in DTR5.2.1 (a) or (d) the holder of financial instruments referred to in DTR5.3.1.

 

As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g. same or different total positions of the parties, entering or exiting of acting in concert by a single party) the standard form does not provide for a specific method how to notify cases of acting in concert.

 

In relation to the transactions referred to in DTR5.2.1 (b) to (h), the following list is provided as indication of the persons who should be mentioned:

 

- in the circumstances foreseen in DTR5.2.1 (b), the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;

 

- in the circumstances foreseen in DTR5.2.1 (c), the natural person or legal entity holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and natural person or legal entity lodging the collateral under these conditions;

 

- in the circumstances foreseen in DTR5.2.1 (d), the natural person or legal entity who has a life interest in shares if that person or entity is entitled to exercise the voting rights attached to the shares and the natural person or legal entity who is disposing of the voting rights when the life interest is created;

 

- in the circumstances foreseen in DTR5.2.1 (e), the controlling natural person or legal entity and, provided it has a notification duty at an individual level under DTR 5.1, under DTR5.2.1 (a) to (d) or under a combination of any of those situations, the controlled undertaking;

 

- in the circumstances foreseen in DTR5.2.1 (f), the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion;

 

- in the circumstances foreseen in DTR5.2.1 (g), the natural person or legal entity that controls the voting rights;

 

- in the circumstances foreseen in DTR5.2.1 (h), the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion (e.g. management companies).

 

v Applicable in the cases provided for in DTR5.2.1 (b) to (h). This should be the full name of the shareholder who is the counterparty to the natural person or legal entity referred to DTR5.2 unless the percentage of voting rights held by the shareholder is lower than the lowest notifiable threshold for the disclosure of voting rights holdings in accordance with national practices (e.g. identification of funds managed by management companies).

 

vi The date on which threshold is crossed or reached should be the date on which the acquisition or disposal took place or the other reason triggered the notification obligation. For passive crossings, the date when the corporate event took effect.

 

vii The total number of voting rights held in the issuer shall be composed of all the shares, including depository receipts representing shares, to which voting rights are attached even if the exercise thereof is suspended.

 

viii If the holding has fallen below the lowest applicable threshold, please note that it might not be necessary to disclose the extent of the holding, only that the new holding is below that threshold.

 

ix In case of combined holdings of shares with voting rights attached "direct holding" and voting rights "indirect holding", please split the voting rights number and percentage into the direct and indirect columns - if there is no combined holdings, please leave the relevant box blank.

 

x Date of maturity/expiration of the financial instrument i.e. the date when right to acquire shares ends.

 

xi If the financial instrument has such a period - please specify this period - for example once every 3 months starting from [date].

 

xii In case of cash settled instruments the number and percentages of voting rights is to be presented on a delta-adjusted basis (DTR 5.3.3.A).

 

xiii If the person subject to the notification obligation is either controlled and/or does control another undertaking then the second option applies.

 

xiv The full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity has to be presented also in the cases, in which only on subsidiary level a threshold is crossed or reached and the subsidiary undertaking discloses the notification as only in this way will the markets get always the full picture of the group holdings. In case of multiple chains through which the voting rights and/or financial instruments are effectively held the chains have to be presented chain by chain by numbering each chain accordingly. Please see the below example: 

Name of ultimate controlling person A (chain 1)

Name of controlled undertaking B

Name of controlled undertaking C

Name of ultimate controlling person A (chain 2)

Name of controlled undertaking B

Name of controlled undertaking D

Name of ultimate controlling person A (chain3)

Name of controlled undertaking E

Name of controlled undertaking F

 

xv The names of controlled undertakings through which the voting rights and/or financial instruments are effectively held have to be presented irrespectively whether the controlled undertakings cross or reach the lowest applicable threshold themselves.

 

xvi Example: Correction of a previous notification.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
HOLFFFSIUEDSELS
Date   Source Headline
28th Nov 20247:00 amRNSQ3 2024 Interim Results
11th Nov 20247:00 amRNSFifth Ubaque Horizontal Well Results
27th Sep 20247:00 amRNSArrow Announces AGM Voting Results
23rd Sep 20247:00 amRNSFourth Ubaque Horizontal Well Results
12th Sep 20247:00 amRNSArrow Announces Grant of Stock Options
29th Aug 20247:00 amRNSThird Horizontal Well Results and Q2 2024 Results
21st Aug 20247:00 amRNSArrow Announces Filing of AGM Materials
14th Aug 20247:01 amRNSTR-1: Notification of major holdings
14th Aug 20247:00 amRNSTR-1: Notification of major holdings
31st Jul 20247:00 amRNSSecond Ubaque Horizontal Well Results
4th Jul 20247:00 amRNSPDMR Exercise of Options
21st Jun 20247:00 amRNSDirector/PDMR Shareholding
19th Jun 20247:00 amRNSFirst Ubaque Horizontal Well Results
4th Jun 20247:00 amRNSReplacement - Q1 2024 Interim Results
30th May 20247:00 amRNSQ1 2024 Interim Results
16th May 20247:00 amRNSArrow Announces the Spud of the CNB HZ-1 Well
8th May 20245:08 pmRNSTR-1: Notification of major holdings
30th Apr 20247:00 amRNSGrant of Stock Options
30th Apr 20247:00 amRNSTR-1: Notification of major holdings
29th Apr 20247:00 amRNS2023 Annual Results, MD&A and Reserves Report
2nd Apr 20245:10 pmRNSTR-1: Notification of major holdings
2nd Apr 20247:00 amRNSPDMR Exercise of Options
28th Mar 20247:00 amRNS2023 Year-End Reserves and Operations Update
20th Feb 20247:00 amRNSCN-4 and CN-5 Results
17th Jan 20247:00 amRNSOperations Update and PDMR Exercise of Options
4th Jan 20247:00 amRNSOperations Update and 2024 Guidance
29th Nov 20237:00 amRNSQ3 2023 Interim Results
16th Nov 20237:00 amRNSRCE-6 Update and Operations Update
7th Nov 20237:00 amRNSTR-1: Notification of major holdings
2nd Nov 20237:00 amRNSBlock Listing Update
26th Oct 20233:42 pmRNSTR-1: Notification of major holdings
25th Oct 20237:00 amRNSExercise of Warrants and TVR
20th Oct 202312:11 pmRNSTR-1: Notification of major holdings
19th Oct 20237:29 amRNSTR-1: Notification of major holdings
18th Oct 20233:21 pmRNSExercise of Warrants and Operations Update
18th Oct 20237:00 amRNSExercise of Warrants and Operations Update
29th Sep 20237:00 amRNSGrant Of Stock Options And TVR Update
21st Sep 20237:00 amRNSResult of AGM
18th Sep 20237:00 amRNSCN-3 Production and Production Update
11th Sep 20237:00 amRNSArrow Announces Maiden Carrizales Norte Reserves
7th Sep 20237:00 amRNSArrow Announces CN-3 Well Update
1st Sep 20237:00 amRNSTotal Voting Rights
29th Aug 20237:00 amRNSArrow Announces Q2 2023 Interim Results
21st Aug 20237:00 amRNSFiling of AGM Materials
1st Aug 20237:00 amRNSTotal Voting Rights
27th Jul 20237:05 amRNSIan Langley Appointed to Board of Directors
27th Jul 20237:00 amRNSCN-2 Well Results
25th Jul 20237:00 amRNSTR-1: Notification of major holdings
3rd Jul 20237:00 amRNSTotal Voting Rights Update
19th Jun 20237:00 amRNSCN-1 RESULTS AND OPERATIONS UPDATE

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Track Your Investments

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.