Notification of Major Interest in Shares

 

TIDMRIFT 
 
RNS Number : 9273W 
Rift Oil PLC 
05 August 2009 
 

+-------------------------------------+----------------------------------------+ 
| For immediate release               |                          5 August 2009 | 
+-------------------------------------+----------------------------------------+ 
 
 
RIFT OIL PLC 
 
 
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
 
 
 
+------------------------------+-------------------+-------------------+------------+ 
| 1. Identity of the issuer or the underlying      |                   RIFT OIL PLC | 
| issuer of existing shares to which voting rights |                                | 
| are attached:                                    |                                | 
+--------------------------------------------------+--------------------------------+ 
| 2. Reason for notification (yes/no)                                               | 
+-----------------------------------------------------------------------------------+ 
| An acquisition or disposal of voting rights                          | YES        | 
+----------------------------------------------------------------------+------------+ 
| 3. Full name of person(s)    |                                     ASSET VALUE    | 
| subject to notification      |                                     INVESTORS LTD  | 
| obligation:                  |                                                    | 
+------------------------------+----------------------------------------------------+ 
| 4. Full name of              | *                                                  | 
| shareholder(s) (Registered   | StateStreet Nominees*                              | 
| Holders)                     | Chase Nominees*                                    | 
|                              | BoNY Nominees*                                     | 
|                              | Mellon Nominees*                                   | 
|                              | NorTrust Nominees                                  | 
|                              |                                                    | 
+------------------------------+----------------------------------------------------+ 
| 5. Date of transaction (and  | 03 August 2009                                     | 
| date on which the threshold  |                                                    | 
| is crossed or reached if     |                                                    | 
| different):                  |                                                    | 
+------------------------------+----------------------------------------------------+ 
| 6. Date on which issuer      | 05 August 2009                                     | 
| notified:                    |                                                    | 
+------------------------------+----------------------------------------------------+ 
| 7. Threshold(s) that is/are  |  10%                                               | 
| crossed or reached:          |                                                    | 
+------------------------------+-------------------+-------------------+------------+ 
 
 
+--------------+---------------+---------------+--------------+--------------+----------+----------+----------+ 
| 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                   |                                                              | 
| use ISIN     |                               |                                                              | 
| code         |                               |                                                              | 
+              +-------------------------------+--------------------------------------------------------------+ 
|              | Number of     | Number        | Number       | Number of voting        | Percentage of       | 
|              | shares        | of            | of           | rights                  | voting rights       | 
|              |               | voting        | shares       |                         |                     | 
|              |               | rights        |              |                         |                     | 
+              +               +               +              +-------------------------+---------------------+ 
|              |               |               |              | Direct       | Indirect | Direct   | Indirect | 
+--------------+---------------+---------------+--------------+--------------+----------+----------+----------+ 
| GB00B05HSB23 | 105,581,625   | 101,045,859   | 80,581,625   | 77,119,854   | 0        | 9.26%    | 0%       | 
| Ordinary     |               |               |              |              |          |          |          | 
| Shares       |               |               |              |              |          |          |          | 
+--------------+---------------+---------------+--------------+--------------+----------+----------+----------+ 
 
 
+---------------+--------------+---------------+----------------------+----------------+ 
| B: Financial Instruments                                                             | 
|                                                                                      | 
+--------------------------------------------------------------------------------------+ 
| Resulting situation after the triggering transaction                                 | 
|                                                                                      | 
+--------------------------------------------------------------------------------------+ 
| Type of       | Expiration   | Exercise/     | No. of voting        | Percentage of  | 
| financial     | date         | conversion    | rights that may      | voting rights  | 
| instrument    |              | period/date   | be acquired (if      |                | 
|               |              |               | the instrument       |                | 
|               |              |               | exercised/converted) |                | 
+---------------+--------------+---------------+----------------------+----------------+ 
|               |              |               |                      |                | 
|   N / A       |              |               |                      |                | 
+---------------+--------------+---------------+----------------------+----------------+ 
 
 
 
 
+--------------------------------------+----------------------------------------+ 
| Total (A+B)                                                                   | 
|                                                                               | 
+-------------------------------------------------------------------------------+ 
| Number of voting rights              | Percentage of voting rights            | 
+--------------------------------------+----------------------------------------+ 
| 77,119,854                           | 9.26%                                  | 
+--------------------------------------+----------------------------------------+ 
 
 
+-----------------------------------------------------------------------------+ 
| 9. Chain of controlled undertakings through which the voting rights and /or | 
| the financial instruments are effectively held, if applicable:              | 
+-----------------------------------------------------------------------------+ 
|                                                                             | 
+-----------------------------------------------------------------------------+ 
 
 
+--------------------------------------+--------------------------------------+ 
| Proxy Voting:                                                               | 
|                                                                             | 
+-----------------------------------------------------------------------------+ 
| 10. Name of 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:          | .                                    | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| 14 Contact name:                     | Asset Value Investors Limited        | 
|                                      | Daniel Sadler                        | 
+--------------------------------------+--------------------------------------+ 
| 15. Contact telephone name:          | 0207 647 2919                        | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
 
 
For notes on how to complete form TR-1 please see the FSA website. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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