12 Dec 2018 07:30
12 December 2018
Regal Petroleum plc
("Regal" or the "Company")
Shareholding Restructure by Majority Shareholder
Regal Petroleum plc (AIM: RPT), the AIM-quoted oil and gas exploration and production group, notes the shareholder notifications published today from each of Energees Management Limited and Pelidona Services Limited detailing changes to their respective shareholding interests in the issued share capital of the Company.
The Company has been advised by Energees Management Limited and Pelidona Services Limited that these changes are due to an internal restructuring and do not affect the ultimate beneficial ownership of this shareholding in the Company.
Energees Management Limited is wholly owned by Pelidona Services Limited, and the changes to their respective shareholding interests reflect the transfer by Energees Management Limited of its entire shareholding in the Company of 173,128,587 ordinary shares (representing 54% of the issued share capital of the Company) to its immediate parent, Pelidona Services Limited.
Following this transfer, the chain of ownership relating to this shareholding in the Company is Pelidona Services Limited, which is 100% owned by Lovitia Investments Limited, which is 100% owned by Mr Vadim Novinskiy.
For further information, please contact:
Regal Petroleum plc | Tel: 020 3427 3550 |
Chris Hopkinson, Chairman Sergii Glazunov, Chief Executive Officer | |
Strand Hanson Limited | Tel: 020 7409 3494 |
Rory Murphy / Richard Tulloch |
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Citigate Dewe Rogerson | Tel: 020 7638 9571 |
Nick Hayns / Elizabeth Kittle |
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