New World Oil & Gas Holding(s) in Company (8821Z)

TIDMNEW TIDMPRS

RNS Number : 8821Z

New World Oil & Gas

23 September 2015

For immediate release 23 September 2015

New World Oil and Gas Plc

('New World' or 'the Company')

Holding(s) in Company

The Board of New World announces that on 22 September 2015 the Company received the following TR-1 notification which is set out below without amendment.

 
 Enquiries: 
 Georges Sztyk         New World Oil and    Tel: [phone] 
                        Gas Plc              9946 
 Peter Sztyk           New World Oil and    Tel: [phone] 
                        Gas Plc              7122 
 
 Felicity Geidt        Beaumont Cornish     Tel: +44 (0) 20 
                        Limited              7628 3396 
 Roland Cornish        Beaumont Cornish     Tel: +44 (0) 20 
                        Limited              7628 3396 
 
 Lottie Brocklehurst   St Brides Partners   Tel: +44 (0) 20 
                        Ltd                  7236 1177 
 Frank Buhagiar        St Brides Partners   Tel: +44 (0) 20 
                        Ltd                  7236 1177 
 
 
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
 
 
 
 1. Identity of the issuer or                                                                        NEW WORLD OIL & GAS plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
----------------------------------------------------------------  ---------------------------------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
---------------------------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights 
------------------------------------------------------------------------------------------------------------  -------------- 
 An acquisition or disposal of qualifying financial                                                                  ü 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
------------------------------------------------------------------------------------------------------------  -------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
------------------------------------------------------------------------------------------------------------  -------------- 
 An event changing the breakdown of voting rights 
------------------------------------------------------------------------------------------------------------  -------------- 
 Other (please 
  specify): 
---------------  -------------------------------------------------------------------------------------------  -------------- 
 3. Full name of person(s)                                                                         Paternoster Resources plc 
  subject to the 
  notification obligation: 
  (iii) 
------------------------------------------------  -------------------------------------------------------------------------- 
 4. Full name of shareholder(s)                                                                    - 
  (if different from 3.):(iv) 
------------------------------------------------  -------------------------------------------------------------------------- 
 5. Date of the transaction                                                                                          21/9/15 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
------------------------------------------------  -------------------------------------------------------------------------- 
 6. Date on which issuer                                                                                             22/9/15 
  notified: 
------------------------------------------------  -------------------------------------------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                                                    8.0% 
------------------------------------------------  -------------------------------------------------------------------------- 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------------- 
 Class/type   Situation                          Resulting situation after the 
 of            previous                           triggering transaction 
 shares        to the triggering 
               transaction 
 if 
 possible 
 using 
 the ISIN 
 CODE 
-----------  ---------------------------------  ---------------------------------------------------------------------------- 
              Number             Number          Number            Number of                   % of voting 
              of                  of              of shares         voting                      rights (x) 
              Shares              Voting                            rights 
                                  Rights 
-----------  -----------------  --------------  ----------------  --------------------------  ------------------------------ 
                                                 Direct            Direct          Indirect    Direct        Indirect 
                                                                    (xi)            (xii) 
-----------        -----------    ------------  ----------------  --------------  ----------  ------------  ---------------- 
 Ordinary 
  Shares      0                  0               366,618,383       366,618,383     -           8.0%          - 
             -----------------  --------------  ----------------  --------------  ----------  ------------  ---------------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration     Exercise/                       Number of voting              % of voting 
 financial           date           Conversion                      rights that                   rights 
 instrument          (xiii)         Period (xiv)                    may be 
                                                                    acquired if 
                                                                    the 
                                                                    instrument 
                                                                    is 
                                                                    exercised/ 
                                                                    converted. 
-----------------  -------------  ------------------------------  ----------------------------  ---------------------------- 
 N/A                N/A            N/A                             N/A                           N/A 
-----------------  -------------  ------------------------------  ----------------------------  ---------------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------- 
 Type of        Exercise         Expiration      Exercise/         Number of voting              % of voting 
 financial       price           date            Conversion         rights instrument             rights (xix, 
 instrument                      (xvii)          period             refers to                     xx) 
                                                 (xviii) 
-------------  ---------------  --------------  ----------------  ----------------------------  ---------------------------- 
 N/A            N/A              N/A             N/A               N/A                           Nominal       Delta 
-------------  ---------------  --------------  ----------------  ----------------------------  ------------  -------------- 
                                                                                                 N/A           N/A 
-----------        -----------    ------------      ------------    ------------  ----------    ------------  -------------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                             Percentage of voting rights 
--------------------------------------------------  ------------------------------------------------------------------------ 
 366,618,383                                         8.0% 
--------------------------------------------------  ------------------------------------------------------------------------ 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------------------------------------------------------- 
 
 
 Proxy Voting: 
---------------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
------------------------------------------------------------------  -------------------------------------------------------- 
 11. Number of voting rights proxy 
  holder will cease 
  to hold: 

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September 23, 2015 02:01 ET (06:01 GMT)