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Sterling Energy PLC - Delayed Notifications of Major Interest in Shares

RNS Number : 4371T
Sterling Energy PLC
05 January 2017
 

 

5 January 2017

 

Delayed Notifications of Major Interest in Shares

 

Set out below are the TR-1 notifications of a major interest in shares that were received by Sterling Energy plc (the "Company") from each of YF Finance Limited on 15 April 2016, and Exploration Capital Partners 2008, LP, an affiliate of Sprott US Holdings on 14 April 2016. Due to an administrative oversight, the Company did not release these announcements to the market at the appropriate time however the Company did update its website at the correct time to reflect these changes. The Company regrets this late notice to the market and would like to apologise for the delay. The Company confirms that it has corrected the gap in its systems to ensure that future TR-1 notifications are identified quickly and notified to the market in compliance with the DTRs.

 

Further information can be found on the Company's website at www.sterlingenergyplc.com 

 

Sterling Energy plc

 

Tel: +44 20 7405 4133

Eskil Jersing

 


Peel Hunt LLP

Tel: +44 20 7418 8900

 

Richard Crichton

Ross Allister

 


 

 

 

 

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

 

 

Sterling Energy 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

ü

Other (please specify):


 

 

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

 

 

YF Finance Limited

 

 

4. Full name of shareholder(s)

(if different from 3.):iv

 

 

 

See above

5. Date of the transaction and date on

which the threshold is crossed or reached: v

 

6 April 2016

 

6. Date on which issuer notified:

 

15 April 2016

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

 

More than 15%

 

  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

 

 

GB00B4X3Q493

 

 

 

26,387,105

 

 

 

33,637,105

 

 

 

33,637,105


 

 

 

15.286%


 

 

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

 

33,637,105

 

15.286%

 

 

 

 

 

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:


 

14. Contact name:

 

Jamii Quoc, General Counsel

 

15. Contact telephone number:

 

+852 2239 5300

 

 

 

 

 

 

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

 

 

STERLING ENERGY PLC

2 Reason for the notification (please tick the appropriate box or boxes):

 

An acquisition or disposal of voting rights

 

X

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):


 

 

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

 

 

 

EXPLORATION CAPITAL PARTNERS 2008, LP

 

 

4. Full name of shareholder(s)

(if different from 3.):iv

 

 

 

EXPLORATION CAPITAL PARTNERS 2008, LP

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

 

APRIL 8, 2016

 

6. Date on which issuer notified:

 

APRIL 14, 2016

 

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

 

0 ( PERCENT)

 

 

  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

 

 

GB00B4X3Q493

 

 

6,871,638

 

 

0

 

 

0

 

 

0

 

 

0

 

 

0

 

 

 

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

 

0

 

0

 

 

 

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:

EXPLORATION CAPITAL PARTNERS 2008, LP

 

11. Number of voting rights proxy holder will cease to hold:

 

 

6,871,638

 

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

 

 

4/8/16

 

 

 

 

13. Additional information:


 

14. Contact name:

 

GRETCHEN CARTER

 

15. Contact telephone number:

 

760-444-5280

 

 

 

 


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