COP Circle Oil

TIDMCOP

RNS Number : 6941O

Circle Oil PLC

23 September 2013

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying                                   Circle Oil Plc 
  issuer 
  of existing 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) subject                       Matterhorn Investment Management LLP 
  to the                                                   (and The Breithorn Master Fund - a 
  notification obligation: (iii)                       non-beneficial fund under Matterhorn's 
                                                                    discretionary management) 
------------------------------------------  ------------------------------------------------- 
 4. Full name of shareholder(s)                            Credit Suisse Client Nominees (UK) 
  (if different from 3.):(iv)                                                         Limited 
------------------------------------------  ------------------------------------------------- 
 5. Date of the transaction and date                                      20th September 2013 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
------------------------------------------  ------------------------------------------------- 
 6. Date on which issuer notified:                                        23rd September 2013 
------------------------------------------  ------------------------------------------------- 
 7. Threshold(s) that is/are crossed               falling below 4% for Matterhorn Investment 
  or                                                     Management LLP (and falling below 3% 
  reached: (vi, vii)                                           for The Breithorn Master Fund) 
------------------------------------------  ------------------------------------------------- 
 
 
 
 8. Notified details: 
--------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
--------------------------------------------------------------------------------------------------------------------------- 
 Class/type      Situation previous                   Resulting situation after the triggering 
 of               to the triggering                    transaction 
 shares           transaction 
 
 if possible 
 using 
 the ISIN CODE 
--------------  -----------------------------------  ---------------------------------------------------------------------- 
                 Number           Number              Number         Number of voting          % of voting rights 
                  of               of                  of shares      rights                    (x) 
                  Shares           Voting 
                                   Rights 
--------------  ---------------  ------------------  -------------  ------------------------  ----------------------------- 
                                                      Direct         Direct         Indirect   Direct          Indirect 
                                                                      (xi)           (xii) 
--------------    ----  -------  ------  -----  ---  -------------  -------------  ---------  --------------  ------------- 
 
  Ordinary 
  shares 
  of EUR0.01 
  each 
 
  ISIN: 
  IE00B034YN94   23,077,873       23,077,873          22,077,873     22,077,873                3.92% 
                ---------------  ------------------  -------------  -------------  ---------  --------------  ------------- 
 
 
 B: Qualifying Financial Instruments 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
 Type of financial       Expiration       Exercise/                       Number of voting               % of voting 
  instrument              date (xiii)      Conversion Period               rights that may                rights 
                                           (xiv)                           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           Exercise       Expiration     Exercise/           Number of voting               % of voting rights 
 financial          price          date (xvii)    Conversion          rights instrument              (xix, xx) 
 instrument                                       period              refers to 
                                                  (xviii) 
----------------  -------------  -------------  ------------------  -----------------------------  ------------------------ 
                                                                                                    Nominal       Delta 
----------------  -------------  -------------  ------------------  -----------------------------  ------------  ---------- 
 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  --------------------------------------------------------- 
 22,077,873                                                        3.92% 
----------------------------------------------------------------  --------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
----------------------------------------------------------------------------------- 
 
   This interest is held by non-beneficial funds under the discretionary 
   management of Matterhorn Investment Management LLP (including The Breithorn 
   Master Fund whose interest in Circle Oil Plc, following this sale of 
   stock, has now fallen below the 3% level). 
 
 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:                 N/A 
------------------------------------------  --------------------------------------- 
 14. Contact name:                           Ewan Christian 
------------------------------------------  --------------------------------------- 
 15. Contact telephone number:               +44 (0)20 7340 2800 
------------------------------------------  --------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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