LGO Energy PLC Holding(s) in Company (2000L)

TIDMLGO

RNS Number : 2000L

LGO Energy PLC

29 September 2016

   For immediate release                                    29 September 2016 

LGO Energy Plc ("LGO Energy" or the "Company")

Holdings in Company

The Board of LGO Energy announces that the Company has received the following TR-1 notification which is set out below without amendment.

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 
 1. Identity of the issuer or                                                         LGO Energy Plc 
  the underlying issuer                                                             ISIN: GB00B1TWX932 
  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                                      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)                                                   Mike Joseph 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ------------------------------------------ 
 5. Date of the transaction                                               28(th) Sept 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------------ 
 6. Date on which issuer                                                  28(th) Sept 2016 
  notified: 
-----------------------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                           4,5,6 % 
-----------------------------------------------------------  ------------------------------------------ 
 
 
 
 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) 
-------------      ---------  -----------      ------------  ----------------  ------------  -------------  ---------  --------- 
 GB00B1TWX932   176,032,872                 176,032,872       476,032,872       476,032,872                  6.45% 
               --------------------------  ----------------  ----------------  ------------  -------------  ---------  --------- 
 
 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 
-------------------------------------------------------------  ----------------------------------------------------------------- 
 476,032,872                                                    6.45% 
-------------------------------------------------------------  ----------------------------------------------------------------- 
 
 
 
 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:                                              Mike Joseph 
-------------------------------------------------------------  ------------- 
 15. Contact telephone number:                                  07971 665027 
-------------------------------------------------------------  ------------- 
 
 

Enquiries:

 
 LGO Energy plc              [phone] 
 Neil Ritson 
 Fergus Jenkins 
 
 Beaumont Cornish Limited    [phone] 
 Nomad 
 Roland Cornish 
 Rosalind Hill Abrahams 
 
 FirstEnergy Capital LLP     [phone] 
 Joint Broker 
 Jonathan Wright 
 David van Erp 
 
 Bell Pottinger              [phone] 
 Financial PR 
 Henry Lerwill 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 29, 2016 05:01 ET (09:01 GMT)