4 Aug 2017 16:12
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Caspian Sunrise PLC ("Caspian Sunrise" or the "Company")
formerly Roxi Petroleum Plc
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Shareholding update
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Introduction
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Caspian Sunrise PLC (formerly Roxi Petroleum plc) ("Caspian Sunrise"), the Central Asian oil and gas company, with a focus on Kazakhstan, has been informed of the following changes in the shareholdings of the Company.
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On completion of the Baverstock Merger 651,436,544 new Caspian Sunrise shares of 1 pence each ("Shares") were issued to Baverstock GmbH ("Baverstock"). These together with their existing 98,000,000 Shares in Caspian Sunrise brought the total shareholding of Baverstock to 749,436,544 (44.9%). The total number Shares in issue were then and remain 1,669,673,820.
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As previously announced to aid transparency it is planned that the four Baverstock Quota-holders split out their individual holdings pro rata to their individual interests in Baverstock.
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While work to allow this to happen continues Baverstock has sold 11,922,500 Shares at a price of 10 pence per Share from the effective interests of one of the Quota-holders, Mr Dosbol Zholdybayev, who had a 13.61% interest in Baverstock.
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This reduces Mr Zholdybayev's effective holding in the Company from 101,998,314 shares (6.11%) to 90,075,814 shares (5.4%) and reduces Baverstock's interest from 749,436,544 shares (44.9%) to 737,516,044 shares (44.2%).
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For the avoidance of doubt all the other Baverstock Quota-holders effective interests in Caspian Sunrise, including those of the Caspian Sunrise CEO Kuat Oraziman, remain unchanged.
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Ends
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Caspian Sunrise PLC | Â |
Clive Carver Executive Chairman | +7 727 375 0202 |
 |  |
WH Ireland, Nominated Adviser & Broker | Â |
James Joyce James Bavister | +44 (0) 207 220 1666 |
 |  |
Abchurch Communications | Â |
Tim Thompson | +44 (0) 207 398 7719 |
CaspianSunrise@abchurch-group.com | Â |
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This announcement has been posted to:
www.caspiansunrise.com/investors
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The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
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