Public Opening Position Disclosure (6197P)

TIDMPMO TIDMEO.

RNS Number : 6197P

Premier Oil PLC

05 October 2011

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1. KEY INFORMATION

 
           (a) Identity of the party to the        Premier Oil plc 
            offer making the disclosure: 
------------------------------------------------  ---------------------------- 
           (b) Owner or controller of interests 
            and short positions disclosed, 
            if different from 1(a): 
            The naming of nominee or vehicle 
            companies is insufficient 
------------------------------------------------  ---------------------------- 
           (c) Name of offeror/offeree in          Premier Oil plc ("Premier") 
           relation to whose relevant securities 
           this form relates: Use a separate 
           form for each party to the offer 
------------------------------------------------  ---------------------------- 
           (d) Is the party to the offer           Offeror 
            making the disclosure the offeror 
            or the offeree? 
------------------------------------------------  ---------------------------- 
           (e) Date position held:                 4 October 2011 
------------------------------------------------  ---------------------------- 
           (f) Has the party previously            Yes - EnCore Oil plc 
           disclosed, or is it today disclosing, 
           under the Code in respect of any 
           other party to this offer? 
------------------------------------------------  ---------------------------- 
 

2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

 
 Class of relevant security:        Ordinary Shares of 12.5p each 
---------------------------------  -------------------------------------- 
                                        Interests        Short positions 
---------------------------------  ------------------  ------------------ 
                                    Number         %    Number         % 
---------------------------------  -------------  ---  -------------  --- 
       (1) Relevant securities          Nil        -        Nil        - 
        owned and/or controlled: 
---------------------------------  -------------  ---  -------------  --- 
       (2) Derivatives (other           Nil        -        Nil        - 
        than options): 
---------------------------------  -------------  ---  -------------  --- 
       (3) Options and agreements       Nil        -        Nil        - 
        to purchase/sell: 
---------------------------------  -------------  ---  -------------  --- 
       TOTAL:                           Nil        -        Nil        - 
---------------------------------  -------------  ---  -------------  --- 
 

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b) Rights to subscribe for new securities

 
 Class of relevant security           None 
  in relation to which subscription 
  right exists: 
-----------------------------------  ----- 
 Details, including nature of         None 
  the rights concerned and relevant 
  percentages: 
-----------------------------------  ----- 
 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1 (c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(c) Irrevocable commitments and letters of intent

 
 Details of any irrevocable commitments or letters of intent 
 procured by the party to the offer making the disclosure or 
 any person acting in concert with it (see Note 3 on Rule 2.11 
 of the Code): 
--------------------------------------------------------------- 
 
 
 
 

3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 
 Details of any interests, short positions and rights to 
  subscribe of any person acting in concert with the party 
  to the offer making the disclosure: 
  It has not been practicable for Premier to make enquiries 
  of all of its concert parties in advance of releasing this 
  Opening Position Disclosure and therefore this Opening Position 
  Disclosure does not include all relevant details in respect 
  of Premier's concert parties. Details of the Premier directors' 
  interests are set out below. 
  Premier confirms that a further disclosure in accordance 
  with Rule 8.1(a) and Note 2(a)(i) on Rule 8 of the Code 
  will be made as soon as possible, if required. 
--------------------------------------------------------------------------- 
                    Number of 
                     existing Premier        Percentage of Premier 
 Name                shares                   issued share capital 
 Robin Allan        422,680                  0.090% 
 Joe Darby          23,108                   0.005% 
 Tony Durrant       1,050,071                0.224% 
 Neil Hawkings      611,151                  0.131% 
 Jane Hinkley       4,000                    0.001% 
 David Lindsell     17,332                   0.004% 
 Simon Lockett      1,281,463                0.274% 
 Andrew Lodge       231,484                  0.049% 
 Mike Welton        22,531                   0.005% 
 Total              3,663,820                0.783% 
 The following Premier directors have the right to acquire 
  Premier shares pursuant to the Premier SAYE option scheme. 
                    Number of 
                     shares subject   Exercise 
 Name                to option         price        Lapse date 
 Robin Allan        8,048             GBP2.0344     30/11/2012 
 Simon Lockett      3,480             GBP2.605      30/11/2013 
 Andrew Lodge       3,480             GBP2.065      31/12/2013 
-----------------  ----------------  ------------  ------------------------ 
 
 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1 (c), copy table 3 for each additional class of relevant security.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

 
 Details of any indemnity or option arrangement, or any agreement 
  or understanding, formal or informal, relating to relevant 
  securities which may be an inducement to deal or refrain 
  from dealing entered into by the party to the offer making 
  the disclosure or any person acting in concert with it: 
  If there are no such agreements, arrangements or understandings, 
  state "none" 
------------------------------------------------------------------ 
 None 
------------------------------------------------------------------ 
 

(b) Agreements, arrangements or understandings relating to options or derivatives

 
           Details of any agreement, arrangement or understanding, 
            formal or informal, between the party to the offer making 
            the disclosure, or any person acting in concert with it, 
            and any other person relating to: 
            (i) the voting rights of any relevant securities under any 
            option; or 
            (ii) the voting rights or future acquisition or disposal 
            of any relevant securities to which any derivative is referenced: 
            If there are no such agreements, arrangements or understandings, 
            state "none" 
----------------------------------------------------------------------------- 
 None 
----------------------------------------------------------------------------- 
 

(c) Attachments

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Position)   No 
------------------------------------  --- 
 Supplemental Form 8 (SBL)             No 
------------------------------------  --- 
 
 
 Date of disclosure:    5 October 2011 
---------------------  -------------------- 
 Contact name:          Andy Gibb 
---------------------  -------------------- 
 Telephone number:      [phone] 
---------------------  -------------------- 
 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail]. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

509883170

This information is provided by RNS

The company news service from the London Stock Exchange

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