TIDMHUR

RNS Number : 1290G

Hurricane Energy PLC

11 November 2022

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

   1.         KEY INFORMATION 
 
 (a) Full name of discloser:                                                                    Hurricane Energy plc 
 (b) Owner or controller of interests and short positions disclosed, if different from 1(a):    N/A 
  The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), 
  settlor and beneficiaries must be named. 
                                                                                               --------------------- 
 (c) Name of offeror/offeree in relation to whose relevant securities this form relates:        Hurricane Energy plc 
  Use a separate form for each offeror/offeree 
                                                                                               --------------------- 
 (d) Is the discloser the offeror or the offeree?                                               OFFEREE 
                                                                                               --------------------- 
 (e) Date position held:                                                                        10 November 2022 
  The latest practicable date prior to the disclosure 
                                                                                               --------------------- 
 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect   NO 
  of any other party to the offer? 
  If it is a cash offer or possible cash offer, state "N/A" 
                                                                                               --------------------- 
 
   2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

 
 Class of relevant security: 
                                                                                       Interests     Short positions 
                                                                                     ------------  ------------------ 
                                                                                      Number    %      Number      % 
                                                                                     --------      -------------  --- 
 (1) Relevant securities owned and/or controlled:                                       NIL     -       NIL        - 
                                                                                     --------      -------------  --- 
 (2) Cash-settled derivatives:                                                          NIL     -       NIL        - 
                                                                                     --------      -------------  --- 
 (3) Stock-settled derivatives (including options) and agreements to purchase/sell:     NIL     -       NIL        - 
                                                                                     --------      -------------  --- 
                                                                                        NIL     -       NIL        - 
   TOTAL: 
                                                                                     --------      -------------  --- 
 

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

   (b)        Rights to subscribe for new securities 
 
 Class of relevant security in relation to which subscription right exists:    N/A 
 Details, including nature of the rights concerned and relevant percentages:   N/A 
                                                                              ---- 
 
   3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE 
 
 Details of any interests, short positions and rights to subscribe (including directors' and 
  other employee options) of any person acting in concert with the party to the offer making 
  the disclosure: 
 
         (a) Interests held by the directors of Hurricane Energy plc, their close relatives 
         and related 
         trusts 
 
 
   The directors' interests, all of which were beneficial interests, in the Ordinary Shares of 
   the Company (including all SIPP Shares held and those of connected persons) were as follows: 
       Director       No. of ordinary shares 
     Antony Maris            169,084 
     Richard Chaffe           140,558 
      David Craik*            188,450 
      John Wright*              Nil 
      Juan Morera*              Nil 
      Philip Wolfe              Nil 
       Linda Beal               Nil 
      Robin Allan               Nil 
                     ----------------------- 
 
 
   (*John Wright, David Craik and Juan Morera are Shareholder Nominee appointees for the Crystal 
   Amber Fund Limited which, holds 28.90% of the Issued Ordinary Share Capital). 
         (b) Interests held as options or awards under the share plans of Hurricane Energy 
         plc by the 
         directors of Hurricane Energy plc and their close relatives and related trusts who 
         are not 
         exempt principal traders for the purposes of Rule 8 of the Code 
 
 
   NIL 
               (c) Interests and short positions held by connected advisors of Hurricane Energy plc 
 
                NIL 
                    (d) Interests, short positions and rights to subscribe held by other presumed 
                     concert parties of Hurricane Energy plc 
 
                    Entity holding shares      No. of ordinary shares     % 
                 Crystal Amber Fund Limited         575,649,999         28.90% 
                                              -----------------------  ------- 
 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

   4.         OTHER INFORMATION 
   (a)        Indemnity and other dealing arrangements 
 
 Details of any indemnity or option arrangement, or any agreement or understanding, formal 
  or informal, relating to relevant securities which may be an inducement to deal or refrain 
  from dealing entered into by the party to the offer making the disclosure or any person acting 
  in concert with it: 
  Irrevocable commitments and letters of intent should not be included. If there are no such 
  agreements, arrangements or understandings, state "none" 
 
   None 
 
   (b)        Agreements, arrangements or understandings relating to options or derivatives 
 
 Details of any agreement, arrangement or understanding, formal or informal, between the party 
  to the offer making the disclosure, or any person acting in concert with it, and any other 
  person relating to: 
  (i) the voting rights of any relevant securities under any option; or 
  (ii) the voting rights or future acquisition or disposal of any relevant securities to which 
  any derivative is referenced: 
  If there are no such agreements, arrangements or understandings, state "none" 
 
   None 
 
   (c)        Attachments 

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Positions)   NO 
 Supplemental Form 8 (SBL)              NO 
                                       --- 
 
 
 Date of disclosure:    10 November 2022 
 Contact name:          Richard Chaffe 
                       ----------------- 
 Telephone number:      +44 1483 862 820 
                       ----------------- 
 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk .

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