Share Name Share Symbol Market Type Share ISIN Share Description
Premier Oil LSE:PMO London Ordinary Share GB00B43G0577 ORD 12.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.50p -3.82% 63.00p 63.00p 63.25p 65.75p 63.00p 64.75p 5,491,190.00 16:29:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 796.4 -316.3 19.4 3.3 321.82

Premier Oil PLC Holding(s) in Company

03/03/2017 9:00am

UK Regulatory (RNS & others)


TIDMPMO

RNS Number : 4112Y

Premier Oil PLC

03 March 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------------------------------------------------------------------- 
 1. Identity of the issuer or 
  the underlying issuer of existing 
  shares to which voting rights                                                  PREMIER OIL PLC 
  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                                                                                                   X 
  of shares already issued to which voting rights 
  are attached 
------------------------------------------------------------------------------------------------------------------------------------  -------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial                                                                                                   X 
  instruments 
------------------------------------------------------------------------------------------------------------------------------------  -------------------- 
 
   An event changing the breakdown of voting rights 
------------------------------------------------------------------------------------------------------------------------------------  -------------------- 
 Other (please specify): 
------------------------------------------------------------------------------------------------------------------------------------  -------------------- 
 
 
   3. Full name of person(s) 
   subject to the notification                                  Bank of America Corporation 
   obligation: iii 
-----------------------------------------------------------  --------------------------------------------------------------------------------------------- 
 
    4. Full name of shareholder(s)                              Bank of America National Association 
    (if different from 3.):iv                                   Merrill Lynch International 
-----------------------------------------------------------  --------------------------------------------------------------------------------------------- 
 5. Date of the transaction 
  and date on                                                   28th February 2017 
  which the threshold is crossed 
  or reached: v 
-----------------------------------------------------------  --------------------------------------------------------------------------------------------- 
 
   6. Date on which issuer notified:                            2(nd) March 2017 
-----------------------------------------------------------  --------------------------------------------------------------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or reached: vi, vii                                   Above 7% 
-----------------------------------------------------------  --------------------------------------------------------------------------------------------- 
 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 Voting           of shares             rights                                rights x 
                    Shares            Rights 
----------------  -----------------  ------------------  -------------------  ------------------------------------  -------------------------------------- 
 
                                                            Direct              Direct              Indirect          Direct           Indirect 
                                                                                xi                  xii 
----------------      -------------      --------------  -------------------  -----------------  -----------------  --------------  ---------------------- 
 
 
   GB00B43G0577    9,853,670          9,853,670             0                    0                 15,292,652          0               2.994% 
----------------  -----------------  ------------------  -------------------  -----------------  -----------------  --------------  ---------------------- 
 
   B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------------------------------------- 
 
   Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Type of financial     Expiration         Exercise/                              Number of voting                      % of voting 
  instrument            date               Conversion                             rights that                           rights 
                        xiii               Period xiv                             may be acquired 
                                                                                  if the instrument 
                                                                                  is exercised/ 
                                                                                  converted. 
--------------------  -----------------  -------------------------------------  ------------------------------------  ------------------------------------ 
 
   Right to Recall 
   Securities            N/A                N/A                                    227,410                               0.045% 
--------------------  -----------------  -------------------------------------  ------------------------------------  ------------------------------------ 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments 
  xv, xvi 
---------------------------------------------------------------------------------------------------------------------------------------------------------- 
 
   Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Exercise           Expiration          Exercise           Number of            % of voting rights 
  instrument          price              date xvii           / Convers          voting rights        xix, xx 
                                                             ion                instrument 
                                                             period             refers to 
                                                             xviii 
------------------  -----------------  ------------------  -----------------  -------------------  ------------------------------------------------------- 
 
                                                                                                      Nominal              Delta 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                21-Jul-2017         N/A                400,000              0.078%               0.078% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                07-Aug-2017         N/A                12,000,000           2.349%               2.349% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                15-Sep-2017         N/A                48,866               0.010%               0.010% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                31-Oct-2017         N/A                62,763               0.012%               0.012% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                06-Dec-2017         N/A                1,000,000            0.196%               0.196% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                29-Dec-2017         N/A                178,534              0.035%               0.035% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                11-Jan-2018         N/A                1,236,015            0.242%               0.242% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                22-Feb-2018         N/A                5,604,945            1.097%               1.097% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                23-Feb-2018         N/A                475,078              0.093%               0.093% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                26-Feb-2018         N/A                919,977              0.180%               0.180% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 Swaps               N/A                16-May-2018         N/A                22,056               0.004%               0.004% 
------------------  -----------------  ------------------  -----------------  -------------------  -------------------  ---------------------------------- 
 
   Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ------------------------------------------------------------------------------------------- 
 
   37,468,296                                                     7.335% 
-------------------------------------------------------------  ------------------------------------------------------------------------------------------- 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------------------------------------------------------------------------------------- 
 
                                                                                                     Merrill Lynch International - Above trading book 
                                                                                                     exemption 
                                                                                                     threshold 
 
                                                                                                     Voting Rights % 
                                                                                                     Bank of America National Association 6,000,000 1.175% 
                                                                                                     Merrill Lynch International 31,468,296 6.160% 
 
                                                                                                     Total 37,468,296 7.335% 
 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:                                              Harshini Gopa 
-------------------------------------------------------------  ------------------------------------------------------------------------------------------- 
 
   15. Contact telephone number:                                  0207 996 3410 
-------------------------------------------------------------  ------------------------------------------------------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 03, 2017 04:00 ET (09:00 GMT)

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