TR1 - Holding(s) in Company
Summary by AI BETAClose X
Block Energy announced that Alvar Financial Services Ltd directly holds 44,500,000 voting rights, representing 3.027722% of the company’s voting rights; the threshold was crossed on 6 November 2026 and the issuer was notified on 9 November 2026. The TR-1 filing is an amendment following a technical voting rights calculation error during a capital structure simplification, and no financial instruments were reported (position is entirely direct).
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 attached ii: | Block Energy Plc | |||||
| 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: Amendment following technical voting rights calculation error during capital structure simplification | ||||||
| 3. Details of person subject to the notification obligation iv | ||||||
| Name | Alvar Financial Services Ltd | |||||
| City and country of registered office (if applicable) | London, UK | |||||
| 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 reached vi: | 6 November 2026 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 9 November 2026 | |||||
| 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 held in issuer (8.A + 8.B) vii | |||
| Resulting situation on the date on which threshold was crossed or reached | 3.027722% | 3.027722% | 44,500,000 | |||
| Position of previous notification (if applicable) – as amended | - | - | - | |||
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 shares ISIN code (if possible) | Number of voting rights ix | % of voting rights | ||||||
| Direct (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | |||||
| GB00BF3TBT48 | 44,500,000 | 3.027722% | ||||||
| SUBTOTAL 8. A | 44,500,000 | 3.027722% | ||||||
| B 1: Financial Instruments according to DTR5.3.1R (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 | ||||
| SUBTOTAL 8. B 1 | ||||||||
| B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | ||||||||
| Type of financial instrument | Expiration date x | Exercise/ Conversion Period xi | Physical or cash Settlement xii | Number of voting rights | % of voting rights | |||
| 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 | X | |||
| 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 (please add additional rows as necessary) xiv | ||||
| Name xv | % 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 | |
| 10. In case of proxy voting, please identify: | ||||
| Name of the proxy holder | ||||
| The number and % of voting rights held | ||||
| The date until which the voting rights will be held | ||||
| 11. Additional information xvi | ||||
| Alvar Financial Services Limited is a boutique financial services firm that provides institutional, professional, and high-net-worth clients with specialised trading, execution, and research solutions. Authorised and regulated by the Gibraltar Financial Services Commission (ref FSC1108MIF) and subject to limited regulation by the UK Financial Conduct Authority (ref 597312). Contact Number +44 (0)20 3617 5566 | ||||
| Place of completion | Alvar Financial Services Limited, UK |
| Date of completion | 9 November 2026 |
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