Shareholdings in Company (4767C)

TIDMCOP

RNS Number : 4767C

Circle Oil PLC

07 March 2011

 
 
 
 
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 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 
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 1. Identity of the issuer or the underlying 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii)                                                                                                                                                                                                       Circle Oil Plc 
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 2 Reason for the notification (please tick the appropriate box or boxes): 
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 An acquisition or disposal of voting rights                                                                                                                                                                                                                                                                                   x 
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 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
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 An acquisition or disposal of instruments with similar economic 
  effect to qualifying financial instruments 
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 An event changing the breakdown of voting rights 
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 Other (please specify) 
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 3. Full name of person(s) subject                                                                                                                                                                   Audley Capital Management Limited 
  to the                                                                                                                                                                                              Audley Capital Partners Limited 
  notification obligation: (iii)                                                                                                                                                                     Kings Chapel International Limited 
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                                                                                                                                                                                                       Audley European Opportunities 
                                                                                                                                                                                                            Master Fund Limited 
                                                                                                                                                                                                       Audley Recovery Opportunities 
 4. Full name of shareholder(s)                                                                                                                                                                             Master Fund Limited 
  (if different from 3.):(iv)                                                                                                                                                                        Kings Chapel International Limited 
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 5. Date of the transaction and date 
  on 
  which the threshold is crossed or 
  reached: (v)                                                                                                                                                                                                   07/03/11 
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 6. Date on which issuer notified:                                                                                                                                                                               07/03/11 
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 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                                                                                                                                                6% 
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 8. Notified details: 
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 A: Voting rights attached to shares (viii, ix) 
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 Class/type 
 of shares if 
 possible       Situation previous 
 using the       to the triggering                   Resulting situation after the triggering 
 ISIN CODE       transaction                          transaction 
-------------  -----------------------------------  --------------------------------------------------------------------- 
                                 Number 
                Number            of 
                 of               Voting             Number         Number of voting         % of voting rights 
                 Shares           Rights              of shares      rights                   (x) 
-------------  ---------------  ------------------  -------------  -----------------------  ----------------------------- 
                                                                    Direct      Indirect 
                                                     Direct          (xi)        (xii)       Direct         Indirect 
-------------    ----  -------  ------  -----  ---  -------------  ----------  -----------  -------------  -------------- 
 IE00B034YN94   25,745,000       25,745,000          36,445,000                 36,445,000                  6.5% 
-------------  ---------------  ------------------  -------------  ----------  -----------  -------------  -------------- 
 
 B: Qualifying Financial Instruments 
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 Resulting situation after the triggering transaction 
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                                                                         Number of voting 
                                                                          rights that may 
                                                                          be 
                                         Exercise/                        acquired if the 
 Type of financial      Expiration        Conversion Period               instrument is               % of voting 
  instrument             date (xiii)      (xiv)                           exercised/ converted.        rights 
---------------------  ---------------  ------------------------------  ---------------------------  -------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
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 Resulting situation after the triggering transaction 
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                                                Exercise/ 
 Type of                                         Conversion         Number of voting 
 financial        Exercise       Expiration      period              rights instrument           % of voting rights 
 instrument        price          date (xvii)    (xviii)             refers to                    (xix, xx) 
---------------  -------------  -------------  ------------------  ---------------------------  ------------------------- 
                                                                                                 Nominal       Delta 
---------------  -------------  -------------  ------------------  ---------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
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 Number of voting rights                                          Percentage of voting rights 
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 36,445,000                                                       6.5% 
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 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
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 Proxy Voting: 
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 10. Name of the proxy holder:                                 N/A 
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 11. Number of voting rights proxy holder will                 N/A 
  cease 
  to hold: 
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 12. Date on which proxy holder will cease to                  N/A 
  hold 
  voting rights: 
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 13. Additional information:                             N/A 
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 14. Contact name:                                  Simon Thornton 
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 15. Contact telephone number:           01481 745 001 (tel #); 01481 745 070 
                                                        (fax #) 
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This information is provided by RNS

The company news service from the London Stock Exchange

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