Energean Oil & Gas PLC TR-1: Notification of major holdings (6682M)

TIDMENOG

RNS Number : 6682M

Energean Oil & Gas PLC

10 January 2019

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer 
  and to the FCA in Microsoft Word format if possible)(i) 
 
 1a. Identity of the issuer or the                      ENERGEAN OIL & GAS PLC 
  underlying issuer of existing shares 
  to which voting rights are attached(ii) 
  : 
                                                   -------------------------------- 
 2. Reason for the notification (please mark the appropriate box 
  or boxes with an "X") 
 An acquisition or disposal of voting rights                                      X 
 
 An acquisition or disposal of financial instruments 
 
 An event changing the breakdown of voting rights 
 
 Other (please specify)(iii) : 
 
 3. Details of person subject to the notification obligation(iv) 
 Name                                                 Clal Insurance Company Ltd. 
 4. Full name of shareholder(s) (if different from 3.)(v) 
 Name                                               N/A 
                                                   -------------------------------- 
 5. Date of the transaction and date                04 January 2019 
  on which the threshold is crossed 
  or reached: 
                                                   -------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):     08 January 2019 
                                                   -------------------------------- 
 7. Threshold(s) that is/are crossed              Below 10% 
  or reached: vi, vii 
                                                 ---------------------------------- 
 
 
 
 8. Notified details 
 A: Voting rights attached to shares 
 Class/type    Situation previous                 Resulting situation after the triggering 
 of shares      to the triggering                  transaction 
 if possible    transaction 
 using the 
 ISIN CODE 
              ---------------------------------  ----------------------------------------------------------------- 
               Number         Number       Number          Number of Voting                % of voting rights 
                of shares      of voting    of shares       Rights 
                               rights 
              -------------                               ------------------------------  ------------------------ 
                                           Direct          Direct         Indirect         Direct      Indirect 
              -------  ----               --------------  -------------  ---------------  ----------  ------------ 
 Ordinary 
  shares       15,519,987     10.16%       342,663         342,663        14,804,841       0.22%       9.69% 
              -------------  -----------  --------------  -------------  ---------------  ----------  ------------ 
 
 B: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of financial            Expiration   Exercise/                      Number of voting             % of voting 
  instrument                   date(x)      Conversion Period(xi)          rights that may              rights 
                                                                           be acquired if 
                                                                           the instrument 
                                                                           is 
                                                                           exercised/converted. 
                             -----------  -----------------------------  ---------------------------  ------------ 
 N/A 
                             -----------  -----------------------------  ---------------------------  ------------ 
 
 
 C: Financial Instruments with similar economic effect to Qualifying 
  Financial Instruments xv, xvi 
 Type of financial      Exercise           Expiration            Exercise/             Number of       % of voting 
  instrument             Price              date(x)               Conversion           voting rights    rights 
                                                                  Period (xi)          instrument 
                                                                                       refers to 
                       -----------------  --------------------  --------------------  -------------- 
 N/A                                                                                   Nominal         Data 
                       -----------------  --------------------  --------------------  -------------- 
 
   Total (A+B+C) 
    Number of voting rights   Percentage of voting rights 
                             ---------------------------- 
    15,147,504                9.91% 
                             ---------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights 
  and/or the financial instruments are effectively held, if applicable: 
  xxi 
 Clal Insurance Company Ltd. ("Clal") controls directly or indirectly 
  the voting rights attached to a total of 16,463,078 ordinary shares 
  in Energean Oil & Gas Plc ("Energean") through several of its controlled 
  undertakings, as stated below: 
 
  Of total of 15,147,504 ordinary shares (a) 342,663 Ordinary Shares 
  are beneficially held for its own account; and (b) 14,804,841 Ordinary 
  Shares are held for members of the public through, among others, 
  provident funds and/or pension funds and/or insurance policies, 
  which are managed by Clal and subsidiaries of Clal (Clal Pension 
  and Provident funds Ltd. and Atudot Pension Fund for Workers & Independent 
  Workers Ltd.) which operates under independent management and make 
  independent voting and investment decisions. 
 
  The 15,147,504 ordinary shares represent 9.91% of the voting rights 
  attached to Energean's shares (based on the total number of issued 
  shares in Energean being 152,823,238 ordinary shares). 
 
 Proxy Voting 
 10. Name of the proxy holder:                                          N/A 
                                                                       ------- 
 11. Number of voting rights proxy                                      N/A 
  holder will cease 
  to hold: 
                                                                       ------- 
 12. Date on which proxy holder will                                    N/A 
  cease to hold 
  voting rights: 
                                                                       ------- 
 
 13. Additional information(xvi) 
 N/A 
 
 
 14. Contact name:         Adi Barkan Stern 
                            Company Secretary 
                            Clal Insurance Enterprises Holdings Ltd 
 15. Contact Telephone:    [phone] 
                          ----------------------------------------- 
 

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January 10, 2019 02:00 ET (07:00 GMT)