15 Oct 2015 09:58
For immediate release 15 October 2015
New World Oil and Gas Plc
('New World' or 'the Company')
Holding(s) in Company
The Board of New World announces that on 8 October 2015 the Company received the following TR-1 notification which is set out below without amendment. The Company has received and announced similar TR-1 notifications from Matthew Benjamin Turney previously and has asked for, but not received, clarification of the arrangements between the parties referred to below. At the present time, the Company is unable to verify the information contained in this TR-1 notification.
Enquiries: | ||
Georges Sztyk | New World Oil and Gas Plc | Tel: +1 646 407 9946 |
Peter Sztyk | New World Oil and Gas Plc | Tel: +1 917 215 7122 |
Felicity Geidt | Beaumont Cornish Limited | Tel: +44 (0) 20 7628 3396 |
Roland Cornish | Beaumont Cornish Limited | Tel: +44 (0) 20 7628 3396 |
Lottie Brocklehurst | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
Frank Buhagiar | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177
|
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
| |||||
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | NEW WORLD OIL & GAS plc | ||||
2 Reason for the notification (please tick the appropriate box or boxes): | |||||
An acquisition or disposal of voting rights | |||||
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): | Agreement for a concerted exercise of voting rights | x | |||
3. Full name of person(s) subject to thenotification obligation: iii | NWOG Action | ||||
4. Full name of shareholder(s) (if different from 3.):iv | Mathew Benjamin Turney, James Larking, Neil Walkington-Mayo, Angelina Walkington-Mayo, Dr William Robb, David Dunham, Ragu Sittamballam, Andy Hutchins, Mohinder Dharar, Saleh Ahmed, Will Meredith, Mark Booth, Paul Miller, John Cooney, Mike Rendell, Mike Joseph, Keith Rowbotham, Sunil Ramnani, Bruce Michael, Mehul Barnania, Vijay Topiwala, Russell Stephens, Peter Bambling, Andy Mills, Gary Bullivant, Chris Parrish, Janice Bullivant, Steve Coomber, Robert Watson Blair-Watt, Johnathan Lloyd-Gane, Simon Watson, Ron Younghusband, , Colin Greenway, Ian Bedford, Terrence Iland, Anthony Gorst, Pamela Gorst, Mark Fereday, Andy Hubbard, Simon Gillard, John Godfrey, Mohammed Salim, Nick Wilkin, Stephen Pearce, Alan Pickering, Craig Stannard | ||||
5. Date of the transaction and date onwhich the threshold is crossed orreached: | 6/10/2015 | ||||
6. Date on which issuer notified: | 8/10/2015 | ||||
7. Threshold(s) that is/are crossed orreached: vi, vii | 13% | ||||
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 | ||||||||||||
Ordinary Shares | 605,865,059 | 605,865,059 | 558,406,144 | 558,406,144 | 12.16% | |||||||||||
| ||||||||||||||||
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
| |||||||||||
| Nominal | Delta | ||||||||||||||
| ||||||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
558,406,144 | 12.16% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | |||
| |||
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 | NWOGaction fully supports the candidacies of Adam Reynolds, Nicholas Mustoe and Mark Collingbourne for election to the board of New World Oil & Gas at the forthcoming AGM.
Following New World's shareholder call, NWOGaction has listened to, reflected upon and rejects the contentious premises on which the current board of directors of New World Oil & Gas appears to be basing its decisions.
NWOGaction continues in the firm expectation that, as previously agreed, the AGM will be convened sooner rather than later and certainly before any commitments are made to further capital expenditure. | ||
14. Contact name: | Ben Turney | ||
15. Contact telephone number: | 0046769729066 | ||