TIDMNEW

RNS Number : 5736P

New World Oil & Gas

08 June 2015

For immediate release 8 June 2015

New World Oil and Gas Plc

('New World' or 'the Company')

Holding(s) in Company

The Board of New World announces that on 5 June 2015 the Company received the following TR-1 notification which is set out below without amendment.

In light of recent uncertainty regarding, and the continuing suspension of, trading in the Company's shares, the Board will be monitoring its shareholder register with a view to seeking to confirm if the persons named in this notification appear on that register, and may make a further announcement in due course.

Cautionary statement

Given the continuance of commentary on unauthorised and unregulated websites, investors and shareholders are warned to exercise caution in dealing in the Company's shares and if in any doubt seek the advice of a person duly authorised and regulated by the Financial Conduct Authority.

 
 Enquiries: 
 Georges Sztyk         New World Oil and    Tel: +1 646 407 
                        Gas Plc              9946 
 Peter Sztyk           New World Oil and    Tel: +1 917 215 
                        Gas Plc              7122 
 
 Felicity Geidt        Beaumont Cornish     Tel: +44 (0) 20 
                        Limited              7628 3396 
 Roland Cornish        Beaumont Cornish     Tel: +44 (0) 20 
                        Limited              7628 3396 
 
 Lottie Brocklehurst   St Brides Partners   Tel: +44 (0) 20 
                        Ltd                  7236 1177 
 Frank Buhagiar        St Brides Partners   Tel: +44 (0) 20 
                        Ltd                  7236 1177 
 
 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or                                                  NEW WORLD OIL & GAS plc 
  the underlying 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 
-------------------------------------------------------------------------------------------------- 
 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                                                 Agreement for a concerted exercise    x 
  specify):                                                    of voting rights 
------------------------------------------------------------  ------------------------------------ 
 3. Full name of person(s)                                                      Mathew Benjamin Turney 
  subject to the 
  notification obligation: 
  (iii) 
-------------------------------------------------------------  --------------------------------------- 
 4. Full name of shareholder(s)                                 Mathew Benjamin Turney, James 
  (if different from 3.):(iv)                                    Larking, Paul Hudson, Anne 
                                                                 Hudson, Ron Younghusband, 
                                                                 Neil Walkington-Mayo, Angelina 
                                                                 Walkington-Mayo, Dr William 
                                                                 Robb. Gregory Stevenson and 
                                                                 Richard Bradley 
-------------------------------------------------------------  --------------------------------------- 
 5. Date of the transaction                                                                 05/06/2015 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
-------------------------------------------------------------  --------------------------------------- 
 6. Date on which issuer                                                                    05/06/2015 
  notified: 
-------------------------------------------------------------  --------------------------------------- 
 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                        Resulting situation after the 
 of            previous                         triggering transaction 
 shares        to the triggering 
               transaction 
 if 
 possible 
 using 
 the ISIN 
 CODE 
-----------  -------------------------------  ------------------------------------------------------------------------- 
              Number           Number          Number         Number of                   % of voting 
              of                of              of shares      voting                      rights (x) 
              Shares            Voting                         rights 
                                Rights 
-----------  ---------------  --------------  -------------  --------------------------  ------------------------------ 
                                               Direct         Direct         Indirect     Direct           Indirect 
                                                               (xi)           (xii) 
-----------      -----------    ------------  -------------  -------------  -----------  ---------------  ------------- 
 Ordinary 
  Shares                                       41,515,489     41,515,489                  5.91% 
             ---------------  --------------  -------------  -------------  -----------  ---------------  ------------- 
 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------- 
 Type of          Expiration     Exercise/                      Number of voting              % of voting 
 financial         date           Conversion                     rights that                   rights 
 instrument        (xiii)         Period (xiv)                   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        Exercise       Expiration      Exercise/      Number of voting              % of voting 
 financial       price         date            Conversion      rights instrument             rights (xix, 
 instrument                    (xvii)          period          refers to                     xx) 
                                               (xviii) 
-------------  -------------  --------------  -------------  ----------------------------  ---------------------------- 
                                                                                            Nominal          Delta 
-------------  -------------  --------------  -------------  ----------------------------  ---------------  ----------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                         Percentage of voting rights 
----------------------------------------------  ----------------------------------------------------------------------- 
 41,515,489                                      5.91% 
----------------------------------------------  ----------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------------- 
                                        Each Shareholder appears, or being currently a beneficial 
                                              owner of shares will shortly appear, on the company 
                                                                Share Register in their own name. 
 
 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: 
-------------------------------------------------------------  ---------------------------------- 
 
                                                                       The concerted action to be 
  13. Additional information                                             undertaken by this group 
                                                                 is the recruitment of additional 
                                                                        members in order to cross 
                                                                    the 10% threshold. Thereafter 
                                                                         to requisition a meeting 
                                                                 to propose a change of direction 
                                                                                 for the Company. 
-------------------------------------------------------------  ---------------------------------- 
 14. Contact name:                                                         Mathew Benjamin Turney 
-------------------------------------------------------------  ---------------------------------- 
 15. Contact telephone number:                                                      0046769729066 
-------------------------------------------------------------  ---------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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