TIDMGENL

RNS Number : 5958H

Genel Energy PLC

01 December 2015

 
                         1 December 2015 
 
                         Genel Energy plc 
 
  Genel Energy plc advises that it has received the notification 
   set out below from Encompass Capital Advisors LLC, pursuant 
     to DTR 5 of the FCA's Disclosure and Transparency Rules. 
 
                              -ends- 
 
             For further information please contact: 
                           Genel Energy 
                      Sarah Robertson, Company 
                             Secretary 
                       Phil Corbett, Head of 
            Investor Relations          +44 20 7659 5100 
---------------------------------------------------------------- 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
  (i) 
 
 
 1. Identity of the issuer or 
  the underlying issuer of existing                                                               GENEL ENERGY 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 
---------------------------------------------------------  ------------------------------------------------------- 
 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 Disclosure resulting from changes                                      X 
 to the DTRs following the UK 
 specify): implementation of amendments to the 
 Transparency 
 Directive 
---------------------------------------------------------  ------------------------------------------------------- 
                                                                                        Encompass Capital Advisors 
   3. Full name of person(s)                                                                                   LLC 
   subject to the notification                                                        Todd Kantor (individual with 
   obligation: iii                                                                                greater than 50% 
                                                                                                        ownership) 
---------------------------------------------------------  ------------------------------------------------------- 
 
    4. Full name of shareholder(s)                                                                             N/A 
    (if different from 3.):iv 
---------------------------------------------------------  ------------------------------------------------------- 
 5. Date of the transaction                                                           N/A - baseline disclosure as 
  and date on which the threshold                                                              a result of changes 
  is crossed or reached: v                                                                             to the DTRs 
---------------------------------------------------------  ------------------------------------------------------- 
 6. Date on which issuer notified:                                                                      11/30/2015 
---------------------------------------------------------  ------------------------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or reached: vi, vii                                                                                   5% 
---------------------------------------------------------  ------------------------------------------------------- 
 
 
 
 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 
-------------  -----------  -----------  -----------  --------  ---------  -------  --------- 
 
 
 
 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. 
------------------  -----------  ---------------------  -------------------  ------------ 
 
 
 
 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 
-------------------  ----------  ------------  -------------  ---------------------  ------------------ 
 Total Return                                                                         Nominal   Delta 
  Swap referenced 
  to Ordinary 
  Shares (ISIN 
  JE00B55Q3P39) 
-------------------  ----------  ------------  -------------  ---------------------  --------  -------- 
 
    n/a          n/a                      n/a                            22,785,255               9.16% 
 ----------  ------------  ---------------------------------  ---------------------  --------  -------- 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
       22,785,255                    9.16% 
------------------------  ---------------------------- 
 
 
 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:                                                                          Larry Kassman 
-------------------------------  ------------------------------------------------------------------------ 
 15. Contact telephone number:                                                            +1 646-351-8452 
-------------------------------  ------------------------------------------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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