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Share Name Share Symbol Market Type Share ISIN Share Description
Igas Energy Plc LSE:IGAS London Ordinary Share GB00BZ042C28 ORD 0.002P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 3.12% 16.50 16.00 17.00 3,024 16:35:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 21.6 -44.1 -43.4 - 21

Igas Energy PLC Holding(s) in Company

18/06/2021 4:22pm

UK Regulatory (RNS & others)


TIDMIGAS TIDMHSBA

RNS Number : 4464C

Igas Energy PLC

18 June 2021

TR-1: S tandard 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 underlying                                      IGas Energy PLC 
  issuer of existing shares to which voting 
  rights are attached (ii) : 
                                                                  ------------------------------------------------ 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with an 
  "X" if appropriate) 
 Non-UK issuer 
                                                                                                              ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights 
                                                                                                              ---- 
 An acquisition or disposal of financial instruments 
                                                                                                              ---- 
 An event changing the breakdown of voting rights 
                                                                                                              ---- 
 Other (please specify) (iii) : Change in Nature                                                                X 
                                                                                                              ---- 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                              HSBC Holdings PLC 
 City and country of registered office                             London, United Kingdom 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name                                                              HSBC Bank plc 
                                                                  ------------------------------------------------ 
 City and country of registered office                             8, Canada Square, London, E14 5HQ 
  (if applicable) 
                                                                  ------------------------------------------------ 
 5. Date on which the threshold was                                17/06/2021 
  crossed or reached (vi) : 
                                                                  ------------------------------------------------ 
 6. Date on which issuer notified (DD/MM/YYYY):                    18/06/2021 
                                                                  ------------------------------------------------ 
 7. Total positions of person(s) subject to the notification obligation 
                          % of voting              % of voting rights         Total of both   Total number 
                        rights attached             through financial          in % (8.A +     of voting rights 
                        to shares (total               instruments                 8.B)        held in issuer 
                            of 8. A)                  (total of 8.B                            (8.A + 8.B) 
                                                       1 + 8.B 2)                              (vii) 
                    ----------------------  -------------------------------  --------------  --------------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached                5.602 %                     0.790 %                  6.393 %           8,008,046 
                    ----------------------  -------------------------------  --------------  --------------------- 
 Position of 
  previous 
  notification 
  (if 
  applicable)               3.756 %                     2.636 %                  6.392 % 
                    ----------------------  -------------------------------  --------------  --------------------- 
 8. Notified details of the resulting situation on the date on which 
  the threshold was crossed or reached (viii) 
 A: Voting rights attached to shares 
 Class/type of       Number of voting rights                             % of voting rights 
  shares              (ix) 
 
  ISIN code (if 
  possible) 
                            Direct                   Indirect                  Direct            Indirect 
                            (DTR5.1)                 (DTR5.2.1)               (DTR5.1)          (DTR5.2.1) 
                                            -------------------------- 
 GB00BZ042C28                                        7,018,046                                       5.602 % 
                    ----------------------  --------------------------  -------------------  --------------- 
 
 
 SUBTOTAL 8. A                           7,018,046                                     5.602 % 
                    --------------------------------------------------  ------------------------------------ 
 
 B 1: Financial Instruments according to DTR5.3.1R (1) (a) 
 Type of financial   Expiration    Exercise/                       Number of voting           % of voting 
  instrument          date          Conversion Period               rights that may            rights 
                      (x)           (xi)                            be acquired if 
                                                                    the instrument 
                                                                    is 
                                                                    exercised/converted. 
                    ------------  ------------------------------  -------------------------  --------------- 
 
 
 
                                   SUBTOTAL 8. B 1 
                                  ------------------------------  -------------------------  --------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  DTR5.3.1R (1) (b) 
 Type of        Expiration         Exercise/          Physical or             Number of       % of voting 
 financial       date (x)           Conversion         cash                   voting rights    rights 
 instrument                         Period (xi)        Settlement 
                                                       (xii) 
               -----------------  -----------------  ----------------------  -------------- 
 Swap                                                 Cash Settled               990,000         0.790 % 
                    ------------  -----------------  ----------------------  -------------- 
 
 
                                                      SUBTOTAL 8.B.2             990,000         0.790 % 
                                                     ----------------------  -------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer (xiii) 
 Full chain of controlled undertakings through which the voting rights                        X 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (please add additional 
  rows as necessary) (xiv) 
         Name (xv)           % of voting rights    % of voting rights       Total of both if 
                               if it equals or      through financial        it equals or is 
                               is higher than       instruments if it        higher than the 
                               the notifiable      equals or is higher     notifiable threshold 
                                  threshold        than the notifiable 
                                                        threshold 
                            -------------------  ---------------------  ------------------------ 
 HSBC Holdings plc 
                            -------------------  ---------------------  ------------------------ 
 HSBC UK Holdings Limited 
                            -------------------  ---------------------  ------------------------ 
 HSBC Bank plc                    5.602 %               0.790 %                  6.393 % 
                            -------------------  ---------------------  ------------------------ 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                                 ----------------------------------------------- 
 The number and % of voting rights 
  held 
                                                 ----------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                                 ----------------------------------------------- 
 
 11. Additional information (xvi) 
 
 
 
 
 Place of completion   London, United Kingdom 
 Date of completion    18/06/2021 
                      ----------------------- 
 

Notes

(i) Please note this form should be read jointly with the applicable Disclosure Guidance and Transparency Rules Chapter 5 (DTR5) available on the following link: https://www.handbook.fca.org.uk/handbook/DTR/5/?view=chapter

(ii) Full name of the legal entity and further specification of the issuer or underlying issuer, provided it is reliable and accurate (e.g. address, LEI, domestic number identity). Indicate in the relevant section whether the issuer is a non UK issuer.

(iii) Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g. expiring of financial instruments) or acting in concert.

(iv) This should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of or exercising voting rights in the cases provided for in DTR5.2.1 (b) to (h); (c) all parties to the agreement referred to in DTR5.2.1 (a) or (d) the holder of financial instruments referred to in DTR5.3.1.

As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g. same or different total positions of the parties, entering or exiting of acting in concert by a single party) the standard form does not provide for a specific method how to notify cases of acting in concert.

In relation to the transactions referred to in DTR5.2.1 (b) to (h), the following list is provided as indication of the persons who should be mentioned:

- in the circumstances foreseen in DTR5.2.1 (b), the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;

- in the circumstances foreseen in DTR5.2.1 (c), the natural person or legal entity holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and natural person or legal entity lodging the collateral under these conditions;

- in the circumstances foreseen in DTR5.2.1 (d), the natural person or legal entity who has a life interest in shares if that person or entity is entitled to exercise the voting rights attached to the shares and the natural person or legal entity who is disposing of the voting rights when the life interest is created;

- in the circumstances foreseen in DTR5.2.1 (e), the controlling natural person or legal entity and, provided it has a notification duty at an individual level under DTR 5.1, under DTR5.2.1 (a) to (d) or under a combination of any of those situations, the controlled undertaking;

- in the circumstances foreseen in DTR5.2.1 (f), the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion;

- in the circumstances foreseen in DTR5.2.1 (g), the natural person or legal entity that controls the voting rights;

- in the circumstances foreseen in DTR5.2.1 (h), the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion (e.g. management companies).

(v) Applicable in the cases provided for in DTR5.2.1 (b) to (h). This should be the full name of the shareholder who is the counterparty to the natural person or legal entity referred to DTR5.2 unless the percentage of voting rights held by the shareholder is lower than the lowest notifiable threshold for the disclosure of voting rights holdings in accordance with national practices (e.g. identification of funds managed by management companies).

(vi) The date on which threshold is crossed or reached should be the date on which the acquisition or disposal took place or the other reason triggered the notification obligation. For passive crossings, the date when the corporate event took effect.

(vii) The total number of voting rights held in the issuer shall be composed of all the shares, including depository receipts representing shares, to which voting rights are attached even if the exercise thereof is suspended.

(viii) If the holding has fallen below the lowest applicable threshold, please note that it might not be necessary to disclose the extent of the holding, only that the new holding is below that threshold.

(ix) In case of combined holdings of shares with voting rights attached "direct holding" and voting rights "indirect holding", please split the voting rights number and percentage into the direct and indirect columns - if there is no combined holdings, please leave the relevant box blank.

(x) Date of maturity/expiration of the financial instrument i.e. the date when right to acquire shares ends.

(xi) If the financial instrument has such a period - please specify this period - for example once every 3 months starting from [date].

(xii) In case of cash settled instruments the number and percentages of voting rights is to be presented on a delta-adjusted basis (DTR 5.3.3.A).

(xiii) If the person subject to the notification obligation is either controlled and/or does control another undertaking then the second option applies.

(xiv) The full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity has to be presented also in the cases, in which only on subsidiary level a threshold is crossed or reached and the subsidiary undertaking discloses the notification as only in this way will the markets get always the full picture of the group holdings. In case of multiple chains through which the voting rights and/or financial instruments are effectively held the chains have to be presented chain by chain by numbering each chain accordingly. Please see the below example:

Name of ultimate controlling person A (chain 1)

Name of controlled undertaking B

Name of controlled undertaking C

Name of ultimate controlling person A (chain 2)

Name of controlled undertaking B

Name of controlled undertaking D

Name of ultimate controlling person A (chain3)

Name of controlled undertaking E

Name of controlled undertaking F

(xv) The names of controlled undertakings through which the voting rights and/or financial instruments are effectively held have to be presented irrespectively whether the controlled undertakings cross or reach the lowest applicable threshold themselves.

(xvi) Example: Correction of a previous notification.

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END

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June 18, 2021 11:22 ET (15:22 GMT)

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