Last checked at 22 Apr 2021 16:17
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain. If you have any queries on this, then please contact Steve Boldy, the Chief Executive Officer of the Company (responsible for arranging release of this announcement).
22 April 2021
Lansdowne Oil & Gas plc
("Lansdowne" or the "Company")
Holding(s) in Company
The Company has been informed that following an additional on-market purchase of shares on 22 April 2021, Oliver Stansfield's interest in the voting rights of the Company has increased to 3.43% as detailed in the TR-1 below.
Mr Stansfield's interest is a combination of ordinary shares of 0.1 pence each ("Ordinary Shares") and financial instruments (as defined in the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority).
Oliver Stansfield is the Chief Executive Officer of Brandon Hill Capital, who own an additional 100,671,158 Lansdowne Oil & Gas ordinary shares, representing a further 11.5% of the outstanding issued share capital.
For further information please contact:
Lansdowne Oil & Gas plc | +353 1 963 1760 |
Steve Boldy |
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SP Angel Corporate Finance LLP | +44 (0) 20 3470 0470 |
Nominated Adviser and Joint Broker |
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Stuart Gledhill |
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Richard Hail |
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Brandon Hill Capital | +44 (0) 20 3463 5061 |
Joint Broker |
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Oliver Stansfield |
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Notes to editors:
About Lansdowne
Lansdowne Oil & Gas (LOGP.LN) is a North Celtic Sea focused, oil and gas exploration and appraisal company quoted on the AIM market and head quartered in Dublin.
For more information on Lansdowne, please refer to www.lansdowneoilandgas.com.
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 | ||||||
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Lansdowne Oil & Gas | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer |
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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 |
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An event changing the breakdown of voting rights |
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Other (please specify)iii: admission of new shares via placing |
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3. Details of person subject to the notification obligationiv | ||||||
Name | Oliver Stansfield | |||||
City and country of registered office (if applicable) | London, UK | |||||
4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name |
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City and country of registered office (if applicable) |
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5. Date on which the threshold was crossed or reachedvi: | 22/04/2021 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 22/04/2021 | |||||
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 of issuervii | ||
Resulting situation on the date on which threshold was crossed or reached | 0.63% | 2.8% | 3.43% | 873,618,337 | ||
Position of previous notification (if applicable) | NA | NA | NA |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||
A: Voting rights attached to shares | |||||||||
Class/type ofshares ISIN code (if possible) | Number of voting rightsix | % of voting rights | |||||||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||
GB00B2QBNL29 | 5,491,666 | 24,508,334 | 0.63% | 2.8% | |||||
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SUBTOTAL 8. A | 30,000,000 | 3.43% | |||||||
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Periodxi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
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| SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Period xi | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||
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| SUBTOTAL 8.B.2 |
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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) issuerxiii | X | |||
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 entityxiv (please add additional rows as necessary) |
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Namexv | % 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 | |
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10. In case of proxy voting, please identify: | ||||
Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional informationxvi | ||||
Oliver Stansfield is the Chief Executive Officer of Brandon Hill Capital, who own an additional 100,671,158 Lansdowne Oil & Gas shares, representing a further 11.5% of the outstanding issued share capital. | ||||
Place of completion | UK |
Date of completion | 22/04/2021 |