TIDMCOP

RNS Number : 6542P

Circle Oil PLC

22 February 2016

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i

 
 1. Identity of the issuer or 
  the underlying issuer of existing                             Circle Oil Plc 
  shares to which voting rights 
  are attached: ii 
-----------------------------------------------------------  ------------------------------------ 
 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)                                    Audley Capital Management Limited 
   subject to the notification                                  Kings Chapel International 
   obligation: iii                                              Limited 
-----------------------------------------------------------  ------------------------------------ 
 
    4. Full name of shareholder(s)                              Audley European Opportunities 
    (if different from 3.):iv                                   Master Fund Limited Kings Chapel 
                                                                International Limited 
-----------------------------------------------------------  ------------------------------------ 
 5. Date of the transaction 
  and date on which the threshold 
  is crossed or reached: v                                      16/2/2016 
-----------------------------------------------------------  ------------------------------------ 
 
 6. Date on which issuer notified:                              19/2/2016 
-----------------------------------------------------------  ------------------------------------ 
 7. Threshold(s) that is/are 
  crossed or reached: vi, vii                                   6% 
-----------------------------------------------------------  ------------------------------------ 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares viii, ix 
---------------------------------------------------------------------------------------------------------- 
 Class/type      Situation previous            Resulting situation after the 
  of shares       to the triggering             triggering transaction 
                  transaction 
  if possible 
  using the 
  ISIN CODE 
--------------  ----------------------------  ------------------------------------------------------------ 
                 Number         Number         Number         Number of voting          % of voting 
                  of Shares      of Voting      of shares      rights                    rights x 
                                 Rights 
--------------  -------------  -------------  -------------  ------------------------  ------------------- 
                                               Direct         Direct         Indirect   Direct    Indirect 
                                                               xi             xii 
--------------  -------------  -------------  -------------  -------------  ---------  --------  --------- 
 
 
 IE00B034YN94      33,965,900     33,965,900     33,915,600     33,915,600                5.99% 
--------------  -------------  -------------  -------------  -------------  ---------  --------  --------- 
 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------- 
 Type of financial   Expiration   Exercise/ Conversion   Number of voting     % of voting 
  instrument          date xiii    Period xiv             rights that          rights 
                                                          may be acquired 
                                                          if the instrument 
                                                          is exercised/ 
                                                          converted. 
------------------  -----------  ---------------------  -------------------  ------------ 
 
   n/a 
------------------  -----------  ---------------------  -------------------  ------------ 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments 
  xv, xvi 
----------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------- 
 Type of financial   Exercise   Expiration   Exercise/     Number of voting     % of voting 
  instrument          price      date xvii    Conversion    rights instrument    rights xix, 
                                              period        refers to            xx 
                                              xviii 
------------------  ---------  -----------  ------------  -------------------  ---------------- 
                                                                                Nominal   Delta 
------------------  ---------  -----------  ------------  -------------------  --------  ------ 
 n/a 
------------------  ---------  -----------  ------------  -------------------  --------  ------ 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
 33,915,600                5.99% 
------------------------  ----------------------------

9. Chain of controlled undertakings through which the voting rights and/or the financial

instruments are effectively held, if applicable: xxi

Audley Capital Management Limited is a subsidiary undertaking of Kings Chapel International Limited and therefore the shares held by Audley Capital Management Limited are also deemed to be held by Kings Chapel International Limited as it relates to the reportable interest.

 
 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: 
                                    Simon Thornton 
-------------------------------  ----------------- 
 
 15. Contact telephone number:      01481 737600 
-------------------------------  -----------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 22, 2016 02:01 ET (07:01 GMT)

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