Sirius Petroleum Share Discussion Threads

[wassatt] 28/1/2016 13:23

Cammy
Thanks for the explanation, that makes sense, not what I thought on the LSE board. But perhaps it's better not to take things as face value when there are more solutions / answers ....

[minichris] 28/1/2016 13:03

Thanks @Cammy3, a very logical answer and seemingly a positive one too.

[carc] 28/1/2016 12:59

(4) If at any time a take-over offer is made in respect of a company, then at any time prior to the closing date of such offer we may give notice to you of our intention to close a Spread Bet in respect of that company's securities. The date of such notice will be the closing date and the closing level will be such price as we notify to you. References to ''offer'', ''take-over'' and ''closing date'' in this Rule 39 have the meaning given to them in the City Code on Take-overs and Mergers, as amended from time to time. These expressions will, to the extent necessary, be applied by us (using our reasonable discretion) to analogous events on any non-UK stock exchange.

[tim duggan] 28/1/2016 12:56

Thanks Carc.

[carc] 28/1/2016 12:54

Thanks Witchywoo, all I needed to know.any time prior to the closing date of such offer we may give notice to you of our intention to close a Spread Bet in respect of that company's securities. The date of such notice will be the closing date and the closing level will be such price as we notify to you. References to ''offer'', ''take-over'' and ''closing date'' in this Rule 39 have the meaning given to them in the City Code on Take-overs and Mergers, as amended from time to time. These expressions will, to the extent necessary, be applied by us (using our reasonable discretion) to analogous events on any non-UK stock exchange.

[carc] 28/1/2016 12:52

Speculation of course Tim, though I'd expect a suspension of any of this TO talk proves correct.

[1alfi] 28/1/2016 12:52

Sherl0ck - What's happened to Bligh? Interesting to note the absence of his name on the bottom of the RNS compared to every other one.

Also there is no Merlin, Bick or Cantor Fitzgerald

[witchywoo] 28/1/2016 12:50

Carc



page 39

Also read section 26 (page 28)

[tim duggan] 28/1/2016 12:48

carc.suspended ?

[jimduggan] 28/1/2016 12:41

It was placed with spreadex and they have an interest in Srsp

[carc] 28/1/2016 12:37

What happens if your spread bet expires whilst the share is suspended?Has CN been unable to extend his spread bet position due to being in a closed period?

[1alfi] 28/1/2016 12:34

Cammy - any thought regarding why he has closed it at this particular time ?

[cammy3] 28/1/2016 12:29

Very very positive indeed. These spread bets can be visible and the MM can bring down the price to basically close them out. Fantastic Chris has had the £17,000 to stick 2 fingers up to them.

Shares looking very strong indeed at the moment and volume good

[jimduggan] 28/1/2016 12:20

Chris Neal is interested in 12,762,083 ordinary shares of 0.25p each in the Company, representing 0.8% of the total issued share capital of the Company. He is also interested in a further 6,912,000 ordinary shares in the capital of the Company by virtue of a spread bet.

From November rns

[cammy3] 28/1/2016 12:16

He now has 19m shares Plus. His position remains unchanged so he hasn't breached any conditions.

[cammy3] 28/1/2016 12:12

Here is the extract from the RNS when he was appointed. He has purchased the shares from spread bet by default so spent another £17,000 to close off the bet and keep the shares.

Yes this is allowed as the spread bet was disclosed at the time



Chris Neal is interested in 12,762,083 ordinary shares of 0.25p each in the Company, representing 0.8% of the total issued share capital of the Company. He is also interested in a further 6,912,000 ordinary shares in the capital of the Company by virtue of a spread bet.

There is no further information to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.

Ends

Enquiries


Sirius Petroleum plc [phone]
Bobo Kuti / Jamie Bligh www.siriuspetroleum.com
Cairn Financial Advisers LLP (Nomad)
Tony Rawlinson/ Emma Earl [phone]
Merlin Partners LLP (Financial Advisor)
Ashleigh Ruxton [phone]
Cantor Fitzgerald Europe (Broker)
David Porter / Sarah Wharry [phone]
Gable Communications Limited [phone]
John Bick Email: [e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

END

[sherl0ck] 28/1/2016 12:10

What's happened to Bligh? Interesting to note the absence of his name on the bottom of the RNS compared to every other one.

[witchywoo] 28/1/2016 12:09

would such a transaction be permissable in a closed period ?? I'm guessing yes

He's unlikely to have been shorting while holding millions of actual shares

[thundercat1] 28/1/2016 12:09

Yes can someone explain this further please?

[jamie40] 28/1/2016 12:08

Cornish, Does this mean he was shorting? Can you give me your thoughts.

[cammy3] 28/1/2016 12:07

He has purchased the physical shares in spread bet. very very positive

[cornishtrader1000] 28/1/2016 12:01

On 27th January 2016, Christopher (Chris) Neal, a Non-Executive Director of the Company, closed a spread bet position representing 6,912,000 shares. Following this, his interest remains unchanged in 19,674,083 ordinary shares representing 1.16% of the total voting rights of the Company.Enquiries Sirius Petroleum plc Bobo Kuti [phone]www.siriuspetroleum.com Cairn Financial Advisers LLPTony Rawlinson / Emma Earl / Rebecca Anderson

[tim duggan] 28/1/2016 11:03

That's why we are at number42 drrosso.
It would be worth 400 million to someone of the ilk of dangote to keep his future plans supplied with gas.
A fully developed opl241 would go a long way to supplying his cement and power interests.

[dr rosso] 28/1/2016 10:54

Sirius may indeed continue as an independent O&G producer, a rerated junior growing via production and further acquisitions from IOCs operating in Ondo offshore territory. Bobo would prob be in favour. But how will this relative minnow raise $400m for a 5 year development plan for 2 megablocks?