TIDMCOP

RNS Number : 5822A

Circle Oil PLC

02 February 2011

 
 
 
 
 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:    Circle 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                                 Audley Capital Management Limited 
  notification obligation:                    Audley Capital Partners 
--------------------------------------  ---------------------------------- 
                                           Audley European Opportunities 
                                                Master Fund Limited 
 4. Full name of shareholder(s)            Audley Recovery Opportunities 
 (if different from 3.):                        Master Fund Limited 
--------------------------------------  ---------------------------------- 
 5. Date of the transaction and date 
  on 
  which the threshold is crossed or 
  reached:                                           31/01/11 
--------------------------------------  ---------------------------------- 
 6. Date on which issuer notified:                   02/02/11 
--------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached:                                              3% 
--------------------------------------  ---------------------------------- 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
----------------------------------------------------------------------------------------------------------------- 
 Class/type 
 of shares if 
 possible       Situation previous 
 using the       to the triggering                Resulting situation after the triggering 
 ISIN CODE       transaction                       transaction 
-------------  --------------------------------  ---------------------------------------------------------------- 
                                 Number 
                Number            of 
                 of               Voting          Number         Number of voting 
                 Shares           Rights           of shares      rights                 % of voting rights 
-------------  ---------------  ---------------  -------------  ----------------------  ------------------------- 
                                                  Direct         Direct     Indirect     Direct        Indirect 
-------------      -----------    -----------    -------------  ---------  -----------  ------------  ----------- 
 IE00B034YN94   Below 3%         Below 3%         18,895,000                18,895,000                 3.3% 
-------------  ---------------  ---------------  -------------  ---------  -----------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------- 
                                                                   Number of voting 
                                                                    rights that may 
                                                                    be 
 Type of                                                            acquired if the 
 financial          Expiration     Exercise/                        instrument is            % of voting 
 instrument          date           Conversion Period               exercised/ converted.     rights 
-----------------  -------------  ------------------------------  ------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
----------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------- 
 Type of                                        Exercise/        Number of voting 
 financial        Exercise       Expiration     Conversion        rights instrument 
 instrument        price         date           period            refers to                % of voting rights 
---------------  -------------  -------------  ---------------  ------------------------  ----------------------- 
                                                                                           Nominal       Delta 
---------------  -------------  -------------  ---------------  ------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                            Percentage of voting rights 
-------------------------------------------------  -------------------------------------------------------------- 
 18,895,000                                         3.3% 
-------------------------------------------------  -------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
------------------------------------------------------------------------------ 
 
 
 Proxy Voting: 
------------------------------------------------------------------------------ 
 10. Name of the proxy holder:                            N/A 
---------------------------------------  ------------------------------------- 
 11. Number of voting rights proxy                        N/A 
 holder will cease to hold: 
---------------------------------------  ------------------------------------- 
 12. Date on which proxy holder will                      N/A 
 cease to hold voting rights: 
---------------------------------------  ------------------------------------- 
 
 13. Additional information:                             N/A 
-------------------------------------  --------------------------------------- 
 14. Contact name:                                  Simon Thornton 
-------------------------------------  --------------------------------------- 
 15. Contact telephone number:           01481 745 001 (tel #); 01481 745 070 
                                                        (fax #) 
-------------------------------------  ---------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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