30 Jul 2015 07:38
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
Dragon Oil plc
(the "Company" or together with its subsidiaries "Dragon Oil" or the "Group")
Rule 2.10 announcement update - Relevant securities in Issue
In accordance with Rule 2.10 of the Irish Takeover Panel Act, 1997, Takeover Rules 2013, Dragon Oil confirms that, as of the date hereof, it has 493,511,305 ordinary shares of €0.10 each in issue and admitted to the official lists of the Irish Stock Exchange and UK Listing Authority and to trading on the London Stock Exchange's and Irish Stock Exchange's main markets for listed securities under the ISIN code IE0000590798.
In addition, the Company confirms there are 2,595,191 share options that have been granted by the Company that are presently outstanding, with an exercise price per share option ranging from Stg465.50p to Stg614p, issued under the Dragon Oil Share Option Scheme 2009. Shares granted under the 2014 Long-Term Incentive Plan amount to 728,847 shares.
For further information please contact:
Dragon Oil plc +44 (0) 20 7647 7804
Anna Gavrilova, Investor Relations
RESPONSIBILITY
The directors of Dragon Oil accept responsibility for the information contained in this announcement relating to Dragon Oil, the Dragon Oil group of companies, the directors of Dragon Oil and members of their immediate families, related trusts and persons connected with them. To the best of the knowledge and belief of the directors of Dragon Oil (who have taken all reasonable care to ensure that such is the case) the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.
DISCLOSURE REQUIREMENTS OF THE IRISH TAKEOVER RULES
Under the provisions of Rule 8.3 of the Irish Takeover Rules, if any person is, or becomes, "interested" (directly or indirectly) in 1% or more of any class of "relevant securities" of Dragon Oil, all "dealings" in any "relevant securities" of Dragon Oil (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by not later than 3:30 p.m. (Irish time) on the "business day" following the date of the relevant transaction. This requirement will continue until the date on which a scheme of arrangement becomes effective or on which the "offer period" otherwise ends. If two or more persons co-operate on the basis of any agreement either express or tacit, either oral or written, to acquire an "interest" in "relevant securities" of Dragon Oil, they will be deemed to be a single person for the purpose of Rule 8.3 of the Irish Takeover Rules.
Under the provisions of Rule 8.1 of the Irish Takeover Rules, all "dealings" in "relevant securities" of Dragon Oil by ENOC , or by any person "acting in concert" with ENOC must also be disclosed by no later than 12 noon (Irish time) on the "business day" following the date of the relevant transaction.
A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed can be found on the Irish Takeover Panel's website at www.irishtakeoverpanel.ie. "Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the Irish Takeover Rules, which can be found on the Irish Takeover Panel's website.
If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, please consult the Irish Takeover Panel's website at www.irishtakeoverpanel.ie or contact the Irish Takeover Panel on telephone number +353 1 678 9020; fax number +353 1 678 9289.