Holding(s) in Company (1435Q)

TIDMEO.

RNS Number : 1435Q

EnCore Oil PLC

13 October 2011

For immediate release: 13 October 2011

EnCore Oil plc ('EnCore' or 'the Company')

TR-1: Notifications of Major Interests in Shares

 
 
 1. Identity of the issuer or the 
 underlying issuer of existing shares to 
 which voting rights are attached: (ii)                         Encore Oil PLC 
------------------------------------------  ---------------------------------- 
 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                              X 
---------------------------------------------------------------------  ------- 
 An event changing the breakdown of voting rights 
---------------------------------------------------------------------  ------- 
 Other (please 
  specify): 
---------------  ----------------------------------------------------  ------- 
 3. Full name of person(s) subject 
  to the 
  notification obligation: (iii)       Cheyne Capital Management (UK) LLP 
------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s)        Funds managed by Cheyne Capital 
  (if different from 3.):(iv)          Management (UK) LLP 
------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date 
  on 
  which the threshold is crossed or 
  reached: (v)                         12(th) October 2011 
------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:     13(th) October 2011 
------------------------------------  ---------------------------------------- 
 7. Thresholds that are crossed: 
  (vi, vii)                            3% 
------------------------------------  ---------------------------------------- 
 
 
 
 8. Notified details: 
--------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
--------------------------------------------------------------------------------------------------------------------------- 
 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 
------------  ---      ---------  ---      ----------  --------------  --------------  ---------  ----------  ------------- 
 N/A 
              ------------------  -------------------  --------------  --------------  ---------  ----------  ------------- 
 
 
 B: Qualifying Financial Instruments 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
                                                                               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 
---------------------  ------------------  ---------------------------------  -------------------------  ------------------ 
 N/A 
---------------------  ------------------  ---------------------------------  -------------------------  ------------------ 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
 Type of                                                     Exercise/         Number of voting 
 financial          Exercise            Expiration            Conversion       rights instrument   % of voting rights 
 instrument          price               date (xvii)          period (xviii)   refers to            (xix, xx) 
-----------------  ------------------  -------------------  ----------------  ------------------  ------------------------- 
 CFD                N/A                 N/A                  N/A               5,626,076           Nominal     Delta 
-----------------  ------------------  -------------------  ----------------  ------------------  ----------  ------------- 
                                                                                                   1.92%       1.92% 
          ------------------------------------------------------------------  -------  ---------  ----------  ------------- 
 Equity SWAP        N/A                 N/A                  N/A               3,423,684           1.17%       1.17% 
-----------------  ------------------  -------------------  ----------------  ------------------  ----------  ------------- 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                               Percentage of voting rights - Delta 
--------------------------------------------------------------------  ----------------------------------------------------- 
 9,049,760                                                             3.09% 
--------------------------------------------------------------------  ----------------------------------------------------- 
 
 
 
 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:             None 
--------------------------------------  -------------------------------------- 
 14. Contact name:                       Aurelie Lauduique 
--------------------------------------  -------------------------------------- 
 15. Contact telephone number:           020 7968 7351 
--------------------------------------  -------------------------------------- 
 
 

For further information, please contact:

 
 EnCore Oil plc                               www.encoreoil.co.uk 
 Alan Booth, Chief Executive Officer          [phone] 
 Eugene Whyms, Chief Financial Officer 
 Yvonne Fraser, Investor Relations Manager    [phone] 
 
 Cenkos Securities plc 
 Jon Fitzpatrick                              [phone] 
 Ken Fleming                                  [phone] 
 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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