Hurricane Energy PLC Holding(s) in Company (0791P)

TIDMHUR

RNS Number : 0791P

Hurricane Energy PLC

14 November 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                                         Hurricane Energy Plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-------------------------------------------------------------  ------------------------------------------- 
 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                                              The issuer has allotted new shares           X 
  specify):                                                 resulting in a dilution of the voting 
                                                            shares subject to the notification 
                                                            obligation 
---------------------------------------------------------  ------------------------------------------- 
 3. Full name of person(s)                                            Awal Bank B.S.C. (in administration) 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  --------------------------------------------- 
 4. Full name of shareholder(s)                                                     Chase Nominees Limited 
  (if different from 3.):(iv) 
-----------------------------------------------------------  --------------------------------------------- 
 5. Date of the transaction                                                               08 November 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------------------- 
 6. Date on which issuer                                                                  11 November 2016 
  notified: 
-----------------------------------------------------------  --------------------------------------------- 
 7. Threshold(s) that is/are                                                   New holding is less than 3% 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  --------------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------- 
 Class/type    Situation previous        Resulting situation after the 
 of             to the triggering         triggering transaction 
 shares         transaction 
 
 if possible 
 using 
 the ISIN 
 CODE 
------------  ------------------------  ------------------------------------------------------------ 
               Number       Number       Number        Number of                  % of voting 
                of           of           of shares     voting                     rights (x) 
                Shares       Voting                     rights 
                             Rights 
------------  -----------  -----------  ------------  -------------------------  ------------------- 
                                         Direct        Direct       Indirect      Direct    Indirect 
------------  -----------  -----------  ------------  -----------  ------------  --------  --------- 
 
               35,000,000   35,000,000   35,000,000    35,000,000   0             N/A       N/A 
------------  -----------  -----------  ------------  -----------  ------------  --------  --------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------- 
 Type of       Expiration   Exercise/                  Number of voting           % of voting 
  financial     date         Conversion                 rights that                rights 
  instrument    (xiii)       Period (xiv)               may be 
                                                        acquired if 
                                                        the 
                                                        instrument 
                                                        is 
                                                        exercised/ 
                                                        converted. 
------------  -----------  -------------------------  -------------------------  ------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------- 
 Type of       Exercise     Expiration   Exercise/     Number of voting           % of voting 
  financial     price       date         Conversion     rights instrument          rights (xix, 
  instrument                (xvii)       period         refers to                  xx) 
                                         (xviii) 
------------  -----------  -----------  ------------  -------------------------  ------------------- 
                                                                                  Nominal   Delta 
------------  -----------  -----------  ------------  -------------------------  --------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------- 
 Number of voting rights                 Percentage of voting rights 
--------------------------------------  ------------------------------------------------------------ 
 35,000,000                              N/A 
--------------------------------------  ------------------------------------------------------------ 
 
 
 
 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:                                                             Richard Norton (a member 
                                                                                     of Charles Russell 
                                                                  Speechlys LLP, external administrator 
                                                                                                of Awal 
                                                                                            Bank B.S.C) 
------------------------------------------------------------  ----------------------------------------- 
 15. Contact telephone number:                                             01242 246357 or 01242 246804 
------------------------------------------------------------  ----------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLUSSWRNRAAARA

(END) Dow Jones Newswires

November 14, 2016 03:45 ET (08:45 GMT)