Lekoil Limited Holding(s) in Company (3947N)

TIDMLEK

RNS Number : 3947N

Lekoil Limited

25 October 2016

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                                            Lekoil Limited 
  the underlying issuer                                                              ISIN: KYG5462G1073 
  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                                   X 
----------------------------------------------------------------  ------------------------------------- 
 Other (please 
  specify): 
---------------------------------------------------------  -----  ------------------------------------- 
 3. Full name of person(s)                                    Jennison Associates LLC ("Jennison") 
  subject to the                                               on behalf of its client accounts 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s)                               Jennison is an investment 
  (if different from 3.):(iv)                                  advisor registered with the 
                                                               US Securities and Exchange 
                                                               Commission and provides investment 
                                                               management services to pension 
                                                               funds, mutual funds and other 
                                                               types of investors. It is 
                                                               Jennison's policy to not disclose 
                                                               the identity of its clients. 
-----------------------------------------------------------  ------------------------------------------ 
 5. Date of the transaction                                   October 21, 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------------ 
 6. Date on which issuer                                      October 24, 2016 
  notified: 
-----------------------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are                                  Holdings decreased below the 
  crossed or                                                   6% threshold 
  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 voting             % of voting 
                 of                of               of shares       rights                       rights (x) 
                 Shares            Voting 
                                   Rights 
-------------  ----------------  ---------------  --------------  ---------------------------  ----------------------- 
                                                   Direct          Direct        Indirect       Direct     Indirect 
                                                                    (xi)          (xii) 
-------------      ------------    -------------  --------------  ------------  -------------  ---------  ------------ 
 Common Stock 
 KYG5462G1073   30,455,474        30,455,474       30,060,250                    30,060,250                5.60% 
               ----------------  ---------------  --------------  ------------  -------------  ---------  ------------ 
 
 
 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. 
-----------------  --------------  -----------------------------  ---------------------------  ----------------------- 
 N/A 
-----------------  --------------  -----------------------------  ---------------------------  ----------------------- 
 
 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       % of voting 
 financial         price          date (xvii)      Conversion      voting rights    rights (xix, 
 instrument                                        period          instrument       xx) 
                                                   (xviii)         refers to 
---------------  --------------  ---------------  --------------  --------------  ------------------------------------ 
 N/A                                                                               Nominal        Delta 
---------------  --------------  ---------------  --------------  --------------  -------------  --------------------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                             Percentage of voting rights 
--------------------------------------------------  ------------------------------------------------------------------ 
 30,060,250                                          5.60% 
--------------------------------------------------  ------------------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------- 
 Jennison is an investment advisor registered with the 
  US Securities and Exchange Commission and provides investment 
  management services to pension funds, mutual funds and 
  other types of investors. It is Jennison's policy to 
  not disclose the identity of its clients. As of October 
  21, 2016 Jennison clients held 30,060,250 shares of 
  common stock (5.61% of the shares outstanding) of Lekoil 
  Limited. Jennison has proxy voting authority over 30,060,250 
  shares (5.61% of the shares outstanding). 
 
 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: 
------------------------------------  ----------------------------- 
 
                                         N/A 
  13. Additional information: 
--------------------------------------  --------------------------- 
 14. Contact name:                       Mirry M. Hwang, Senior 
                                          Vice President, Secretary 
                                          & Chief Legal Officer 
--------------------------------------  --------------------------- 
 15. Contact telephone number:           [e-mail] 

                                          [phone] 
--------------------------------------  --------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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October 25, 2016 05:19 ET (09:19 GMT)