11 Jul 2014 07:00
11 July 2014
Eland Oil & Gas PLC
("Eland" or the "Company")
Correction: TR-1 Notification of major interest in shares
Eland Oil & Gas PLC (AIM: ELA) has received notification from Henderson Global Investors that the TR-1 Notification of major interest in shares published on 9 July 2014 was sent in error. Henderson Global Investors current disclosable position is that as notified on 7 July 2014 and which is copied below.
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
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1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | Eland Oil & Gas 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 thenotification obligation: iii | Henderson Global Investors | ||||
4. Full name of shareholder(s) (if different from 3.):iv | |||||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 04 July 2014 | ||||
6. Date on which issuer notified: | 07 July 2014 | ||||
7. Threshold(s) that is/are crossed orreached: vi, vii | Below 26% | ||||
8. Notified details: | ||||||||||||||||
A: Voting rights attached to shares viii, ix | ||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | ||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | ||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
GBP1 | 32,934,942 | 32,934,942 | 32,114,305 | 22.73% | ||||||||||||
GB00B8HHWX64 | ||||||||||||||||
B: Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | ||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
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CFD | 4,228,345 | Nominal | Delta | |||||||||||||
2.99% | ||||||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
36,342,650 |
25.72% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
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Proxy Voting: | ||
10. Name of the proxy holder: | ||
11. Number of voting rights proxy holder will ceaseto hold: | ||
12. Date on which proxy holder will cease to holdvoting rights: | ||
13. Additional information: |
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14. Contact name: | Cate Hex-Candy | |
15. Contact telephone number: | 020 7818 2156 | |
For further information:
Eland Oil & Gas PLC | +44 (0) 207 016 3180 |
Les Blair, CEO | |
George Maxwell, CFO | |
Edward Cozens, IR | |
Canaccord Genuity Limited | +44 (0) 207 523 8000 |
Henry Fitzgerald-O'Connor | |
Peter Stewart | |
FirstEnergy Capital LLP | +44 (0) 207 448 0200 |
Majid Shafiq | |
Khalid Ahmed | |
Citigate Dewe Rogerson | +44 (0) 207 638 9571 |
Martin Jackson | |
Shabnam Bashir |