PPC.L Regulatory News (PPC)

12 Mar 2008 14:35

Meridian Petroleum PLC12 March 2008 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer Meridian Petroleum Plcof existing shares to which voting rights areattached: 2. Reason for the notification: An acquisition or disposal of voting rights 3. Full name of person(s) subject to the RAB CAPITAL PLCnotification obligation: 4. Full name of shareholder(s) (if different from CREDIT SUISSE CLIENT NOMINEES3): (UK) LIMITED 5. Date of the transaction (and date on which the 06/03/08threshold is crossed or reached if different): 6. Date on which issuer notified: 12/03/08 7. Threshold(s) that is/arecrossed or reached: 5% 8. Notified details: n/a A: Voting rights attached to shares Class/type Situation previous to the Resulting situation after the triggeringof shares Triggering transaction transactionif possibleusing the Number of Number of Number Number of voting % of votingISIN CODE Shares Voting of rights rights Rights shares Direct Direct Indirect Direct IndirectORDINARY 5,454,500 5.7% 0 0 250,000 0.00% 0.26%SHARESGB00B01D7F15 B: Financial InstrumentsResulting situation after the triggering transactionType of Expiration Exercise/ Number of voting rights that may % offinancial date Conversion be acquired if the instrument is votinginstrument Period/ Date exercised/ converted. rightsn/a n/a n/a n/a n/a Total (A+B) Number of voting rights % of voting rights 250,000 0.26% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: RAB Capital plc does not act as custodian for its clients and therefore theshares are held in the nominee name of the custodian of its clients, which isCREDIT SUISSE CLIENT NOMINEES (UK) LIMITED. PROXY VOTING: 10. Name of the proxy holder: n/a 11. Number of voting rights proxy holder will cease to hold: n/a 12. Date on which proxy holder will cease to hold voting rights: n/a 13. Additional information: n/a 14. Contact name: LEGAL TEAM 15. Contact telephone number: 020 7389 7000 Annex Notification Of Major Interests In Shares xviA: Identity of the person or legal entity subject to the notification obligation Full name (including legal form for legal entities) RAB CAPITAL PLCContact address (registered office for legal entities) 1 ADAM STREET, LONDON WC2N 6LEPhone number 020 7389 7000 Other useful information (at least legal representative for legalpersons) B: Identity of the notifier, if applicable xviiFull name ALL AS ABOVEContact addressPhone numberOther useful information (e.g. functional relationship with the personor legal entity subject to the notification obligation) C: Additional informationn/a Notes (1) This form is to be sent to the issuer or underlying issuer and to be filedwith the competent authority. (1) Either the full name of the legal entity or another method for identifyingthe issuer or underlying issuer, provided it is reliable and accurate. (1) This should be the full name of (a) the shareholder; (b) the personacquiring, disposing of or exercising voting rights in the cases provided for inDTR5.2.1 (b) to (h); (c) all the parties to the agreement referred to inDTR5.2.1 (a), or (d) the direct or indirect holder of financial instrumentsentitled to acquire shares already issued to which voting rights are attached,as appropriate. In relation to the transactions referred to in points DTR5.2.1 (b) to (h), thefollowing list is provided as indication of the persons who should be mentioned: - in the circumstances foreseen in DTR5.2.1 (b), the person that acquires thevoting rights and is entitled to exercise them under the agreement and thenatural person or legal entity who is transferring temporarily for considerationthe voting rights; - in the circumstances foreseen in DTR 5.2.1 (c), the person holding thecollateral, provided the person or entity controls the voting rights anddeclares its intention of exercising them, and person lodging the collateralunder these conditions; - in the circumstances foreseen in DTR5.2.1(d), the person who has a lifeinterest in shares if that person is entitled to exercise the voting rightsattached to the shares and the person who is disposing of the voting rights whenthe life interest is created; - in the circumstances foreseen in DTR5.2.1 (e), the parent undertaking and,provided it has a notification duty at an individual level under DTR 5.1, underDTR5.2.1 (a) to (d) or under a combination of any of those situations, thecontrolled undertaking; - in the circumstances foreseen in DTR5.2.1 (f), the deposit taker of theshares, if he can exercise the voting rights attached to the shares depositedwith him at his discretion, and the depositor of the shares allowing the deposittaker to exercise the voting rights at his discretion; - in the circumstances foreseen in DTR5.2.1 (g), the person that controls thevoting rights; - in the circumstances foreseen in DTR5.2.1 (h), the proxy holder, if he canexercise the voting rights at his discretion, and the shareholder who has givenhis proxy to the proxy holder allowing the latter to exercise the voting rightsat his discretion. (1) Applicable in the cases provided for in DTR 5.2.1 (b) to (h). This should bethe full name of the shareholder or holder of financial instruments who is thecounterparty to the natural person or legal entity referred to in DTR5.2. (1) The date of the transaction should normally be, in the case of an onexchange transaction, the date on which the matching of orders occurs; in thecase of an off exchange transaction, date of the entering into an agreement. The date on which threshold is crossed should normally be the date on which theacquisition, disposal or possibility to exercise voting rights takes effect (seeDTR 5.1.1R (3)). For passive crossings, the date when the corporate event tookeffect. These dates will usually be the same unless the transaction is subject to acondition beyond the control of the parties. (1) Please refer to the situation disclosed in the previous notification, Incase the situation previous to the triggering transaction was below 3%, pleasestate 'below 3%'. vii If the holding has fallen below the minimum threshold , the notifying partyshould not be obliged to disclose the extent of the holding, only that the newholding is less than 3%. For the case provided for in DTR5.2.1(a), there should be no disclosure ofindividual holdings per party to the agreement unless a party individuallycrosses or reaches an Article 9 threshold. This applies upon entering into,introducing changes to or terminating an agreement. viii Direct and indirect ix In case of combined holdings of shares with voting rights attached 'directholding' and voting rights 'indirect holdings', please split the voting rightsnumber and percentage into the direct and indirect columns-if there is nocombined holdings, please leave the relevant box blank. X Voting rights attached to shares in respect of which the notifying party is adirect shareholder (DTR 5.1) xi Voting rights held by the notifying party as an indirect shareholder (DTR5.2.1) xii If the holding has fallen below the minimum threshold, the notifying partyshould not be obliged to disclose the extent of the holding, only that the newholding is below 3%. xiii date of maturity / expiration of the finical instrument i.e. the date whenthe right to acquire shares ends. xiv If the financial instrument has such a period-please specify the period- forexample once every three months starting from the (date) xv The notification should include the name(s) of the controlled undertakingsthrough which the voting rights are held. The notification should also includethe amount of voting rights and the percentage held by each controlledundertaking, insofar as individually the controlled undertaking holds 3% ormore, and insofar as the notification by the parent undertaking is intended tocover the notification obligations of the controlled undertaking. xvi This annex is only to be filed with the competent authority. xvii Whenever another person makes the notification on behalf of the shareholderor the natural person/legal entity referred to in DTR5.2 and DTR5.3. This information is provided by RNS The company news service from the London Stock Exchange