7 Nov 2016 12:09
For immediate release
7 November 2016
Solo Oil Plc
("Solo" or the "Company")
Holding(s) in Company
The Board of Solo announces that the Company has received the following TR-1 notification which is set out below without amendment.
For further information:
Solo Oil plc Neil Ritson Daniel Maling | +44 (0) 20 3794 9230 |
Beaumont Cornish Nominated Adviser and Joint Broker Roland Cornish (www.beaumontcornish.com) | +44 (0) 20 7628 3396 |
Shore Capital Joint Broker Jerry Keen
Beaufort Securities Joint Broker Jon Belliss
Cassiopeia Services Ltd Investor and Media Relations Stefania Barbaglio |
+44 (0) 20 7408 4090
+44 (0) 20 7382 8300
+44 (0) 79 4969 0338 |
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 | SOLO OIL 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 thenotification obligation: iii | EPSILON INVESTMENTS PTE LTD | |||
4. Full name of shareholder(s) (if different from 3.):iv | ||||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 4 NOVEMBER 2016 | |||
6. Date on which issuer notified: | 7 NOVEMBER 2016 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | 11%, 10% AND 9% | |||
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 | ||||||||||||
745,030,433 | 745,030,433 | 600,977,210 | 600,977,210 | 8.60% | ||||||||||||
GB00B1TYBN97 | ||||||||||||||||
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 | |||||||||||||||
600,977,210 | 8.60% | |||||||||||||||
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: | ||
14. Contact name: | SUJATHA PANICKER | |
15. Contact telephone number: | +67 34 6350 | |