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New World Oil & Gas (NEW)

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Wednesday 26 August, 2015

New World Oil & Gas

Holding(s) in Company

RNS Number : 2176X
New World Oil & Gas
26 August 2015
 

For immediate release                                                                                         26 August 2015

 

New World Oil and Gas Plc

('New World' or 'the Company')

Holding(s) in Company

 

The Board of New World announces that on 24 August 2015 the Company received the following TR-1 notification which is set out below without amendment.

 

 

Enquiries:



Georges Sztyk

New World Oil and Gas Plc

Tel: +1 646 407 9946

Peter Sztyk

New World Oil and Gas Plc

Tel: +1 917 215 7122




Felicity Geidt

Beaumont Cornish Limited

Tel: +44 (0) 20 7628 3396

Roland Cornish

Beaumont Cornish Limited

Tel: +44 (0) 20 7628 3396




Lottie Brocklehurst

St Brides Partners Ltd

Tel: +44 (0) 20 7236 1177

Frank Buhagiar

St Brides Partners Ltd

Tel: +44 (0) 20 7236 1177

 

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi



 

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
ii

NEW WORLD OIL & GAS plc

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 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):

Agreement for a concerted exercise of voting rights

x

3. Full name of person(s) subject to the
notification obligation:
iii

 Mathew Benjamin Turney

4. Full name of shareholder(s)
 (if different from 3.):iv

Mathew Benjamin Turney, James Larking, Neil Walkington-Mayo, Angelina Walkington-Mayo, Dr William Robb, David Dunham, Ragu Sittamballam, Andy Hutchins, Mohinder Dharar, Saleh Ahmed, Phil Terry, Will Meredith, Mark Booth, Paul Miller, John Cooney, Mike Rendell, Mike Joseph, Keith Rowbotham, Sunil Ramnani, Bruce Michael, Mehul Barnania, Vijay Topiwala, Russell Stephens, Peter Bambing, Andy Mills, Gary Bullivant, Chris Parrish, Janice Bullivant, Steve Coomber, Robert Watson Blair-Watt, Michael Bohan, Johnathan Lloyd-Gane, Simon Watson, Ron Young,

5. Date of the transaction and date on
which the threshold is crossed or
reached:

24/08/2015

6. Date on which issuer notified:

24/08/2015

7. Threshold(s) that is/are crossed or
reached:
vi, vii

9%

 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares 

382,258,986

382,258,986

423,617,470

423,617,470


9.23%




 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date
xiii

Exercise/
Conversion Period
xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights







 

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period
xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 





 

 

Nominal

Delta




 

Total (A+B+C)

Number of voting rights

Percentage of voting rights

423,617,470

9.23%

 

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:


12. Date on which proxy holder will cease to hold
voting rights:



 


13. Additional information

The newly reformed NWOGaction is the shareholder action group for ordinary private investors and shareholders in New World Oil & Gas. The group's website is www.nwogaction.co.uk .

If any shareholders wish to join NWOGaction please email [email protected].

NWOGaction aims to exert an effective collective influence over New World and hopes to work cooperatively with the company to ensure that all stakeholders benefit from a reinvigorated business model. NWOGaction recognises how difficult the recent history has been for New World and accepts the preferable course of action now is to attempt a more collaborative approach. NWOGaction hopes and expects other stakeholders in the business will reciprocate this new approach.

 

NWOGaction explicitly has no desire or plan to gain control of New World, but one specific goal it has is to seek an appointment to the board of directors of a credible non-executive director to represent the interests of private shareholders and members of NWOGaction.

 



14. Contact name:

Ben Turney

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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