LGO Energy PLC Holding(s) in Company (8818P)

TIDMLGO

RNS Number : 8818P

LGO Energy PLC

22 November 2016

 
                            For immediate release 22 November 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 
  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)                                    Well Services Petroleum Company 
  subject to the                                                           Limited 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  --------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  --------------------------------- 
 5. Date of the transaction                                           18 November 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------- 
 6. Date on which issuer                                              21 November 2016 
  notified: 
-----------------------------------------------------------  --------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                       7%, 8% 
-----------------------------------------------------------  --------------------------------- 
 
 
 
 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 
                                                                    (xi)            (xii) 
-------------      ------------    -----------    --------------  --------------  ------------  ------------  ----------- 
 GB00B1TWX932   627,877,588                        502,877,588     502,877,588                   6.81 
               ----------------  ---------------  --------------  --------------  ------------  ------------  ----------- 
 
 
 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 
--------------------------------------------------  --------------------------------------------------------------------- 
                    502,877,588                                                      6.81 
--------------------------------------------------  --------------------------------------------------------------------- 
 
 
 
 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:                                                 Kenneth Sammy 
-------------------------------------------------------------  -------------------- 
 15. Contact telephone number:                                  1-868-677-7531/7532 
-------------------------------------------------------------  -------------------- 
 
 

Enquiries:

 
 LGO Energy plc              [phone] 
 Neil Ritson 
 Fergus Jenkins 
 
 Beaumont Cornish Limited    [phone] 
 Nomad 
 Roland Cornish 
 Rosalind Hill Abrahams 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 22, 2016 12:59 ET (17:59 GMT)