5 Jan 2017 09:30
5 January 2017
Delayed Notifications of Major Interest in Shares
Set out below are the TR-1 notifications of a major interest in shares that were received by Sterling Energy plc (the "Company") from each of YF Finance Limited on 15 April 2016, and Exploration Capital Partners 2008, LP, an affiliate of Sprott US Holdings on 14 April 2016. Due to an administrative oversight, the Company did not release these announcements to the market at the appropriate time however the Company did update its website at the correct time to reflect these changes. The Company regrets this late notice to the market and would like to apologise for the delay. The Company confirms that it has corrected the gap in its systems to ensure that future TR-1 notifications are identified quickly and notified to the market in compliance with the DTRs.
Further information can be found on the Company's website at www.sterlingenergyplc.com
Sterling Energy plc
| Tel: +44 20 7405 4133 |
Eskil Jersing
| |
Peel Hunt LLP | Tel: +44 20 7418 8900 |
Richard Crichton Ross Allister
|
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii |
Sterling Energy 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 | ü | ||
Other (please specify): | |||
3. Full name of person(s) subject to the notification obligation: iii |
YF Finance Limited | ||
4. Full name of shareholder(s) (if different from 3.):iv |
See above | ||
5. Date of the transaction and date on which the threshold is crossed or reached: v |
6 April 2016 | ||
6. Date on which issuer notified: |
15 April 2016 | ||
7. Threshold(s) that is/are crossed or reached: vi, vii |
More than 15% | ||
8. Notified details: | |||||||
A: Voting rights attached to shares viii, ix | |||||||
Class/type of shares
if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | |||||
Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights x | |||
Direct |
Direct xi |
Indirect xii |
Direct |
Indirect | |||
GB00B4X3Q493 |
26,387,105 |
26,387,105 |
33,637,105 |
33,637,105 |
15.286% | ||
B: Qualifying Financial Instruments | ||||
Resulting situation after the triggering transaction | ||||
Type of financial instrument | Expiration date xiii | Exercise/ Conversion Period xiv | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||
Resulting situation after the triggering transaction | ||||||
Type of financial instrument | 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 |
33,637,105 |
15.286% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
|
|
Proxy Voting: | |
10. Name of the proxy holder: | |
11. Number of voting rights proxy holder will cease to hold: | |
12. Date on which proxy holder will cease to hold voting rights: | |
13. Additional information: | |
14. Contact name: |
Jamii Quoc, General Counsel |
15. Contact telephone number: |
+852 2239 5300 |
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii |
STERLING ENERGY 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 the notification obligation: iii |
EXPLORATION CAPITAL PARTNERS 2008, LP | ||
4. Full name of shareholder(s) (if different from 3.):iv |
EXPLORATION CAPITAL PARTNERS 2008, LP | ||
5. Date of the transaction and date on which the threshold is crossed or reached: v |
APRIL 8, 2016 | ||
6. Date on which issuer notified: |
APRIL 14, 2016 | ||
7. Threshold(s) that is/are crossed or reached: vi, vii |
0 ( PERCENT) | ||
8. Notified details: | |||||||
A: Voting rights attached to shares viii, ix | |||||||
Class/type of shares
if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | |||||
Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights x | |||
Direct |
Direct xi |
Indirect xii |
Direct |
Indirect | |||
GB00B4X3Q493 |
6,871,638 |
6,871,638 |
0 |
0 |
0 |
0 |
0 |
B: Qualifying Financial Instruments | ||||
Resulting situation after the triggering transaction | ||||
Type of financial instrument | Expiration date xiii | Exercise/ Conversion Period xiv | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||
Resulting situation after the triggering transaction | ||||||
Type of financial instrument | 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 |
0 |
0 |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
|
|
Proxy Voting: | |
10. Name of the proxy holder: | EXPLORATION CAPITAL PARTNERS 2008, LP |
11. Number of voting rights proxy holder will cease to hold: |
6,871,638 |
12. Date on which proxy holder will cease to hold voting rights: |
4/8/16 |
13. Additional information: | |
14. Contact name: |
GRETCHEN CARTER |
15. Contact telephone number: |
760-444-5280 |