8 Apr 2011 13:10
For immediate release: 8 April 2011
Northern Petroleum Plc
("Northern" or "the Company")
Notification of Shareholding
TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Northern Petroleum Plc
2. Reason for the notification (please place an X inside the appropriate bracket/s):
An acquisition or disposal of voting rights: ( )
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify): ( X ) Reduction in shareholding percentage following admission of shares on 5 April 2011 pursuant to the exercise of 931,100 warrants
3. Full name of person(s) subject to the notification obligation:
Barry James Lonsdale
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 if different):
05/04/11
6. Date on which issuer notified:
08/04/11
7. Threshold(s) that is/are crossed or reached:
6%
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 | |
GB00B0D47T64 | Number of shares5,558,661 | Number of voting Rights 5,558,661 |
Resulting situation after the triggering transaction
Class/type of shares if possible using the ISIN CODE | Number of shares | Number of voting rights | % of voting rights | ||
GB00B0D47T64 | Direct 5,558,661 | Direct1,000,000 | Indirect4,558,661 | Direct1.07 | Indirect4.90 |
B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument | Expiration Date | Exercise/Conversion Period/ Date | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
Total (A+B)
Number of voting rights5,558,661 | % of voting rights5.97 |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
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:
Based on total shares in issue of 93,068,160 as per Total Voting Rights announcement dated 31 March 2011.
14. Contact name:
Chris Foss, Director of Finance, Legal & Corporate Affairs
15. Contact telephone number:
020 7469 2900
---ENDS---
Notes to Editors:
Comprehensive information on Northern and its oil and gas operations, including all press releases, annual reports and interim reports are available from Northern's website at www.northpet.com.