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New World Oil & Gas (NEW)

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Thursday 15 October, 2015

New World Oil & Gas

Holding(s) in Company

RNS Number : 3768C
New World Oil & Gas
15 October 2015
 

For immediate release                                                                              15 October 2015

 

New World Oil and Gas Plc

('New World' or 'the Company')

Holding(s) in Company

 

The Board of New World announces that on 8 October 2015 the Company received the following TR-1 notification which is set out below without amendment.   The Company has received and announced similar TR-1 notifications from Matthew Benjamin Turney previously and has asked for, but not received, clarification of the arrangements between the parties referred to below. At the present time, the Company is unable to verify the information contained in this TR-1 notification.

 

 

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

 NWOG Action

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, 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 Bambling, Andy Mills, Gary Bullivant, Chris Parrish, Janice Bullivant, Steve Coomber, Robert Watson Blair-Watt, Johnathan Lloyd-Gane, Simon Watson, Ron Younghusband, , Colin Greenway, Ian Bedford, Terrence Iland, Anthony Gorst, Pamela Gorst, Mark Fereday, Andy Hubbard, Simon Gillard, John Godfrey, Mohammed Salim, Nick Wilkin, Stephen Pearce, Alan Pickering, Craig Stannard                                                                                          

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

6/10/2015

6. Date on which issuer notified:

8/10/2015

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

13%

 

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 

605,865,059

605,865,059

558,406,144

558,406,144


12.16%




 

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

558,406,144

12.16%

 

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

NWOGaction fully supports the candidacies of Adam Reynolds, Nicholas Mustoe and Mark Collingbourne for election to the board of New World Oil & Gas at the forthcoming AGM.

 

Following New World's shareholder call, NWOGaction has listened to, reflected upon and rejects the contentious premises on which the current board of directors of New World Oil & Gas appears to be basing its decisions.

 

NWOGaction continues in the firm expectation that, as previously agreed, the AGM will be convened sooner rather than later and certainly before any commitments are made to further capital expenditure.                                                         



14. Contact name:

Ben Turney

15. Contact telephone number:

0046769729066

 

 


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