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

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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