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United Oil & Gas PLC announced on March 21, 2023, that it received a TR-1 notification from David and Monique Newlands. The notification indicated their total holding of voting rights decreased to 2.868%, representing 18,825,000 voting rights, thereby falling below the 3% notifiable interest threshold.
| Date | 21 Mar 2023 |
| Time | 18:09:09 |
| Category | Holding(s) in company |
| ID | 7747T |
21 March 2023
United Oil & Gas PLC
("United" or "the Company")
Holding(s) in Company
United Oil & Gas PLC (AIM: "UOG") announces that it has today received a TR-1 notification from David and Monique Newlands, as set out below without amendment, of a decrease in their shareholding in the Company to below 3% and therefore they no longer hold a notifiable interest in the ordinary shares of the Company.
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Enquiries
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United Oil & Gas Plc (Company) |
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Brian Larkin, CEO |
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Sharan Dhami, Head of IR & ESG |
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Beaumont Cornish Limited (Nominated Adviser) |
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Roland Cornish | Felicity Geidt |
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+44 (0) 20 7628 3396 |
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Tennyson Securities (Joint Broker) |
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Peter Krens |
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+44 (0) 20 7186 9030 |
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Optiva Securities Limited (Joint Broker) |
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Christian Dennis |
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+44 (0) 20 3137 1902 |
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Camarco (Financial PR) |
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Georgia Edmonds | Emily Hall |Sam Morris
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+44 (0) 20 3757 4983 |[email protected]
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TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BYX0MB92
Issuer Name
UNITED OIL & GAS PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights; An acquisition or disposal of financial instruments
3. Details of person subject to the notification obligation
Name
David and Monique Newlands
City of registered office (if applicable)
Country of registered office (if applicable)
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Name |
City of registered office |
Country of registered office |
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4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
21-Mar-2023
6. Date on which Issuer notified
21-Mar-2023
7. Total positions of person(s) subject to the notification obligation
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% of voting rights attached to shares (total of 8.A) |
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuer |
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Resulting situation on the date on which threshold was crossed or reached |
2.750 |
0.118 |
2.868 |
18,825,000 |
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Position of previous notification (if applicable) |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
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Class/Type of shares ISIN code(if possible) |
Number of direct voting rights (DTR5.1) |
Number of indirect voting rights (DTR5.2.1) |
% of direct voting rights (DTR5.1) |
% of indirect voting rights (DTR5.2.1) |
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GB00BYX0MB92 |
18,050,000 |
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2.75 |
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Sub Total 8.A |
18,050,000 |
2.75% |
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8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
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Type of financial instrument |
Expiration date |
Exercise/conversion period |
Number of voting rights that may be acquired if the instrument is exercised/converted |
% of voting rights |
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Sub Total 8.B1 |
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8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
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Type of financial instrument |
Expiration date |
Exercise/conversion period |
Physical or cash settlement |
Number of voting rights |
% of voting rights |
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long spread bet |
rolling |
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Cash |
775,000 |
0.118 |
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Sub Total 8.B2 |
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775,000 |
0.118% |
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9. Information in relation to the person subject to the notification obligation
1. Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.
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Ultimate controlling person |
Name of controlled undertaking |
% of voting rights if it equals or is higher than the notifiable threshold |
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
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10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
12. Date of Completion
21-Mar-2023
13. Place Of Completion
UK