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UK Oil & Gas PLC - Holding(s) in Company

RNS Number : 2657J
UK Oil & Gas PLC
08 April 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 underlying issuer of existing shares to which voting rights are attachedii:

UK Oil & Gas PLC ("UKOG")

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 obligationiv

Name

Tellurian Investments LLC

City and country of registered office (if applicable)

Dover, Delaware, USA

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 crossed or reachedvi:

March 31, 2020 notification but above threshold prior to such date as provided in previous TR-1.

6. Date on which issuer notified (DD/MM/YYYY):

April 6, 2020

7. Total positions of person(s) subject to the notification obligation


% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

Approximately 6.61%



514,102,129 shares

Position of previous notification (if

applicable)

See Section 11 - Additional Information below.




 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Ordinary Shares listed on AIM.  ISIN: GB00B9MRZS43

514,050,129


Approximately 6.61%












SUBTOTAL 8. A

514,050,129

6.61%

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

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 financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

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) issuerxiii


Full chain of controlled undertakings through which the voting rights 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)

X

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Tellurian Inc. (Ultimate Parent of Tellurian Investments LLC. Tellurian Investments LLC holds 100% of the direct interest)

Approximately 6.61%


Approximately 6.61%


















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 informationxvi

-  Pursuant to the SPA between UKOG and Tellurian Investments LLC, dated 10 September 2019, Tellurian Investments LLC is allotted the final tranche of UKOG consideration shares on 31 March 2020 valued at £1,000,000.  This present TR-1 notification relates to this allotment. 

 

-     On 31 March 2020, prior to allotement of the final tranche of UKOG consideration shares as described herein, Tellurian Investments LLC held 258,948,088 shares of UKOG representing at that time approximately 3.44% of the total shares outstanding of UKOG listed on AIM.  After the allotment of the  final tranche of UKOG consideration shares on 31 March 2020, Tellurian Investments LLC holds a total of 514,050,129 ordinary shares representing approximately 6.61% of the total shares outstanding and voting rights of UKOG.

 

 

Place of completion

London, UK

Date of completion

March 31, 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 [email protected] or visit www.rns.com.
 
END
 
 
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