Holding(s) in Company
September 01 2009 - 5:50AM
UK Regulatory
TIDMVPC TIDMCNA
RNS Number : 3015Y
Venture Production plc
01 September 2009
+--------------------+-------------+-------------+-------------+-------------+---------+
| | |
+------------------------------------------------+-------------------------------------+
| | |
+------------------------------------------------+-------------------------------------+
| |
+--------------------------------------------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
| |
+--------------------------------------------------------------------------------------+
| | |
+--------------------------------------------------------------+-----------------------+
| 1. Identity of the issuer or the underlying issuer | VENTURE PRODUCTION |
| of existing shares to which voting rights are | PLC |
| 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) | CENTRICA PLC |
| subject to the | CENTRICA HOLDINGS LIMITED |
| notification obligation: iii | GB GAS HOLDINGS LIMITED |
| | CENTRICA RESOURCES (UK) LIMITED |
+----------------------------------+---------------------------------------------------+
| 4. Full name of shareholder(s) | CENTRICA RESOURCES (UK) LIMITED |
| (if different from 3.):iv | |
+----------------------------------+---------------------------------------------------+
| 5. Date of the transaction and | 27 AUGUST 2009 |
| date on | |
| which the threshold is crossed | |
| or | |
| reached: v | |
+----------------------------------+---------------------------------------------------+
| 6. Date on which issuer | 1 SEPTEMBER 2009 |
| notified: | |
+----------------------------------+---------------------------------------------------+
| 7. Threshold(s) that is/are | 51% - 66% |
| crossed or | |
| reached: vi, vii | |
+--------------------+-------------+-------------+-------------+-------------+---------+
+----------------+-----------+------+---+--------+--------+---+---+----------------+---+---+--------+---+----------+---------------+----+---+---+--------+
| 8. Notified details: |
+--------------------------------------------------------------------------------------------------------------------------------------------------------+
| A: Voting rights attached to shares viii, ix |
+--------------------------------------------------------------------------------------------------------------------------------------------------------+
| Class/type of | Situation previous | Resulting situation after the triggering |
| shares | to the triggering | transaction |
| if possible | transaction | |
| using | | |
| the ISIN CODE | | |
+ +------------------------------------------------+--------------------------------------------------------------------------------------+
| | Number | Number | Number | Number of | % of voting |
| | of | of | of shares | voting | rights x |
| | Shares | Voting | | rights | |
| | | Rights | | | |
+ + + +------------------------+---------------------------------------+---------------------+
| | | | Direct | Direct xi | Indirect xii | Direct | Indirect |
+----------------+-------------------------------+----------------+------------------------+------------+--------------------------+--------+------------+
| 0.4p ORDINARY | 75,264,471 | 75,264,471 | 99,433,177 | 99,433,177 | SEE | 66.39% | SEE |
| | | | | | SECTION | | SECTION 9 |
| | | | | | 9 BELOW | | BELOW |
+----------------+ + + + + + + +
| | | | | | | | |
+----------------+-------------------------------+----------------+------------------------+------------+--------------------------+--------+------------+
| |
+--------------------------------------------------------------------------------------------------------------------------------------------------------+
| B: Qualifying Financial Instruments |
+--------------------------------------------------------------------------------------------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
+--------------------------------------------------------------------------------------------------------------------------------------------------------+
| Type of financial | Expiration | Exercise/ | Number of | % of voting |
| instrument | date xiii | Conversion Period xiv | voting | rights |
| | | | rights that | |
| | | | 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 | % of voting |
| instrument | price | date xvii | Conversion | voting rights | rights xix, xx |
| | | | period xviii | instrument | |
| | | | | refers to | |
| | | | | | |
+----------------------------+----------+---------------------+------------------------+---------------------------+-------------------------------------+
| 3.25% Convertible | 911p | 06/08/2010 | ANY TIME | 8,287,596 | Nominal | Delta |
| Unsecured Bonds | | | FROM | | | |
| due 2010 | | | 16/02/2008 | | | |
+ + + + + +----------------------------+--------+
| | | | | | 5.53% | N/A |
+----------------------------+----------+---------------------+------------------------+---------------------------+----------------------------+--------+
| |
+--------------------------------------------------------------------------------------------------------------------------------------------------------+
| Total (A+B+C) |
+--------------------------------------------------------------------------------------------------------------------------------------------------------+
| Number of voting rights | Percentage of voting rights |
+----------------------------------------------------------------------------------+---------------------------------------------------------------------+
| 107,720,773 | 71.92% |
+----------------+-----------+------+---+--------+--------+---+---+----------------+---+---+--------+---+----------+---------------+----+---+---+--------+
+--------------------------------------------+---+---------------------------------+
| 9. Chain of controlled undertakings through which the voting rights and/or the |
| financial instruments are effectively held, if applicable: xxi |
+----------------------------------------------------------------------------------+
| CENTRICA RESOURCES (UK) LIMITED DIRECTLY HOLDS THE VOTING RIGHTS WHICH ARE THE |
| SUBJECT OF THIS NOTIFICATION AND IT IS A WHOLLY-OWNED SUBSIDIARY OF GB GAS |
| HOLDINGS LIMITED. GB GAS HOLDINGS LIMITED IS A WHOLLY-OWNED SUBSIDIARY OF |
| CENTRICA HOLDINGS LIMITED WHICH, IN TURN, IS A WHOLLY-OWNED SUBSIDIARY OF |
| CENTRICA PLC. |
| |
+----------------------------------------------------------------------------------+
| |
+----------------------------------------------------------------------------------+
| Proxy Voting: |
+----------------------------------------------------------------------------------+
| 10. Name of the proxy holder: | N/A |
| | |
+------------------------------------------------+---------------------------------+
| 11. Number of voting rights proxy holder will | N/A |
| cease | |
| to hold: | |
| | |
+------------------------------------------------+---------------------------------+
| 12. Date on which proxy holder will cease to | N/A |
| hold | |
| voting rights: | |
| | |
+------------------------------------------------+---------------------------------+
| |
+----------------------------------------------------------------------------------+
| 13. Additional information: | The total number of voting rights |
| | in the issuer used to calculate the |
| | percentages in this notification is |
| | 149,769,828, being the number |
| | disclosed by the issuer to the |
| | market on 18 March 2009 pursuant to |
| | Rule 2.10 of the City Code on |
| | Takeovers and Mergers. |
| | |
| | |
+--------------------------------------------+-------------------------------------+
| 14. Contact name: | PHIL RAPER |
| | |
+--------------------------------------------+-------------------------------------+
| 15. Contact telephone number: | 020 7774 1000 |
+--------------------------------------------+---+---------------------------------+
Name and signature of duly authorised officer of the listed company responsible
for making this notification
+-----------------------------------------------------------------------+
| SIMON WAITE |
+-----------------------------------------------------------------------+
Date of notification
+-----------------------------------------------------------------------+
| 1 september 2009 |
+-----------------------------------------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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