RNS Number : 8679O
Sound Oil PLC
23 September 2011
SOUND OIL PLC
HOLDING(S) IN COMPANY
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | ||||
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| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii | SOUND OIL 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 | RAB Capital Limited acting as discretionary manager for RAB Energy Fund Limited and RAB Octane (Master) Fund Limited | |||
| 4. Full name of shareholder(s) (if different from 3.):iv | Credit Suisse Client Nominees (UK) Limited | |||
| 5. Date of the transaction and date on which the threshold is crossed or reached: v | 01.07.2011 & 24.08.2011 | |||
| 6. Date on which issuer notified: | 23.09.2011 | |||
| 7. Threshold(s) that is/are crossed or reached: vi, vii | 6% and 5% | |||
| 8. Notified details: | ||||||||||||||||||
| A: Voting rights attached to shares viii, ix | ||||||||||||||||||
| Class/type of shares if possible using the ISIN CODE | Situation previous | 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* GB00B09VL556 | 98,574,606 | 98,574,606 | | n/a | 80,583,334 | 4.99% | 0% | |||||||||||
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| B: Qualifying Financial Instruments | ||||||||||||||||||
| Resulting situation after the triggering transaction | ||||||||||||||||||
| Type of financial instrument | Expiration | Exercise / Conversion Period xiv | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting | ||||||||||||||
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| 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 | ||||||||||||
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| Total (A B C) | ||||||||||||||||||
| Number of voting rights | Percentage of voting rights | |||||||||||||||||
| 80,583,334 | 4.99% | |||||||||||||||||
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi | |
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*RAB Capital Limited acts as investment manager for RAB Energy Fund Limited and RAB Octane (Master) Fund who are the beneficial owners of the securities. The legal title to these securities is held on behalf of the beneficial owners by their nominee, Credit Suisse Client Nominees (UK) Limited.
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| Proxy Voting: | |
| 10. Name of the proxy holder: | n/a |
| 11. Number of voting rights proxy holder will cease to hold: | n/a |
| 12. Date on which proxy holder will cease to hold voting rights: | n/a |
| 13. Additional information: | n/a |
| 14. Contact name: | RAB Capital Limited - Legal Team |
| 15. Contact telephone number: | 020 7389 7000 |
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