Share Name Share Symbol Market Type Share ISIN Share Description
Uk Oil & Gas Plc LSE:UKOG London Ordinary Share GB00B9MRZS43 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.625 0.60 0.65 0.625 0.575 0.625 47,763,213 15:10:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.2 -2.3 -0.1 - 44

UK Oil & Gas PLC Holding(s) in Company

07/01/2020 11:09am

UK Regulatory (RNS & others)


TIDMUKOG

RNS Number : 0072Z

UK Oil & Gas PLC

07 January 2020

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                                    UK Oil & Gas PLC ("UKOG") 
  underlying 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                                                          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                                                        Tellurian Investments LLC 
 City and country of registered office                       Dover, Delaware, USA 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
 Name 
                                                            -------------------------------------------- 
 City and country of registered office 
  (if applicable) 
                                                            -------------------------------------------- 
 5. Date on which the threshold was                          December 31, 2019 
  crossed or reached(vi) : 
                                                            -------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):              January 7, 2020 
                                                            -------------------------------------------- 
 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)        of issuer(vii) 
                               of 8. A)           (total of 8.B 
                                                   1 + 8.B 2) 
                         ------------------  ---------------------  --------------  -------------------- 
 Resulting situation      Approximately                                              331,125,828 
  on the date              4.5%                                                       shares 
  on which threshold 
  was crossed 
  or reached 
                         ------------------  ---------------------  --------------  -------------------- 
 Position of              See Section 
  previous notification    11 - Additional 
  (if                      Information 
  applicable)              below. 
                         ------------------  ---------------------  --------------  -------------------- 
 
 
 
 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(ix)                              % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                            Direct                      Indirect                      Direct                  Indirect 
                      (Art 9 of Directive         (Art 10 of Directive          (Art 9 of Directive     (Art 10 of Directive 
                          2004/109/EC)                2004/109/EC)             2004/109/EC) (DTR5.1)        2004/109/EC) 
                            (DTR5.1)                   (DTR5.2.1)                                            (DTR5.2.1) 
                                             ----------------------------- 
 Ordinary Shares    331,125,828                                              Approximately 
 listed on AIM.                                                               4.5% 
 ISIN: 
 GB00B9MRZS43 
                   ------------------------  -----------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                           331,125,828                                              4.5% 
                   -------------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of            Expiration   Exercise/                            Number of voting                  % of voting 
  financial          date(x)      Conversion Period(xi)                rights that may                   rights 
  instrument                                                           be acquired if 
                                                                       the instrument 
                                                                       is 
                                                                       exercised/converted. 
                   -----------  -----------------------------------  --------------------------------  --------------------- 
 N/A 
                   -----------  -----------------------------------  --------------------------------  --------------------- 
 
 
                                 SUBTOTAL 8. B 1 
                                -----------------------------------  --------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of       Expiration        Exercise/               Physical or              Number of             % of voting 
  financial     date(x)           Conversion              cash                     voting rights         rights 
  instrument                      Period (xi)             settlement(xii) 
              ----------------  ----------------------  -----------------------  -------------------- 
 N/A 
                   -----------  ----------------------  -----------------------  -------------------- 
 
 
                                                         SUBTOTAL 8.B.2 
                                                        -----------------------  -------------------- 
 
 
 
 
 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(xiv) (please add additional 
  rows as necessary) 
         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 the      instruments if it        higher than the 
                             notifiable threshold    equals or is higher     notifiable threshold 
                                                     than the notifiable 
                                                          threshold 
                           ----------------------  ---------------------  ------------------------ 
 Tellurian Inc. (Ultimate   Approximately 4.5%                             Approximately 4.5% 
  Parent of Tellurian 
  Investments LLC. 
  Tellurian Investments 
  LLC holds 100% of 
  the direct interest) 
                           ----------------------  ---------------------  ------------------------ 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder                           N/A 
                                                   ----------------------------------------------- 
 The number and % of voting rights 
  held 
                                                   ----------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                                   ----------------------------------------------- 
 
 11. Additional information(xvi) 
 - Pursuant to the SPA between UKOG and Tellurian Investments LLC, on 
  10 September 2019 Tellurian Investments LLC was allotted ordinary shares 
  of UKOG and crossed a threshold of 4% with a holding of 275,988,960 ordinary 
  shares, representing approximately 4.3% of total voting rights. No TR-1 
  notification was submitted on behalf of Tellurian Investments LLC at 
  that time. 
 
  - On 21 November 2019 Tellurian Investments LLC crossed below a threshold 
  of 3% with a resulting holding of approximately 200 million ordinary 
  shares held on that date representing less than 3% of total voting rights. 
  No TR-1 notification was submitted on behalf of Tellurian Investments 
  LLC at that time. 
 
  - On 31 December 2019 Tellurian Investments LLC crossed above a threshold 
  of 4% with a resulting holding of 331,125,828 ordinary shares representing 
  approximately 4.5% of total voting rights. The present TR-1 notification 
  is being submitted on behalf of Tellurian Investments LLC in relation 
  to this crossing. 
 
   *    On December 31, 2019, prior to the allotment of the 
        second tranche of consideration shares issued by UKOG 
        to Tellurian Investments LLC as described herein, 
        Tellurian Investments LLC held 132,322,260 shares of 
        UKOG representing on that date approximately 1.9% of 
        the total shares outstanding of UKOG listed on AIM. 
        So after the December 31, 2019 allotement, Tellurian 
        Investments LLC held a total of 463,448,088 ordinary 
        shares representing approximately 6.4% of the total 
        voting rights. 
 
 
 
 Place of completion   London, UK 
 Date of completion    January 7, 2020 
                      ---------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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