United Kingdom, 7 February 2019
RAK Petroleum plc, the Oslo-listed oil and gas investment company, advises that it has received the notification set out below from TransAsia Gas International LLC, pursuant to DTR 5 of the FCA's Disclosure and Transparency Rules.
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | RAK Petroleum PLC | |||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) | ||||||
| Non-UK issuer | ||||||
| 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) | ||||||
| An acquisition or disposal of voting rights | ||||||
| An acquisition or disposal of financial instruments | ||||||
| An event changing the breakdown of voting rights | X | |||||
| Other (please specify): | ||||||
| 3. Details of person subject to the notification obligation | ||||||
| Name | TransAsia Gas International LLC | |||||
| City and country of registered office (if applicable) | Dubai, United Arab Emirates | |||||
| 4. Full name of shareholder(s) (if different from 3.) | ||||||
| Name | ||||||
| City and country of registered office (if applicable) | ||||||
| 5. Date on which the threshold was crossed or reachedvi: | 04-February-2019 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 06-February-2019 | |||||
| 7. Total positions of person(s) subject to the notification obligation: | ||||||
| % 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 of issuer | |||
| Resulting situation on the date on which threshold was crossed or reached | 4.994 % (5.00 %) | 4.994 % (5.00 %) | 28,000,000 | |||
| Position of previous notification (if applicable) | 4.64 % | 4.64 % | ||||
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached | |||||||||
| A: Voting rights attached to shares | |||||||||
| Class/type of shares ISIN code (if possible) | Number of voting rights | % of voting rights | |||||||
| Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||
| Class A Shares (ISIN: GB00BRGBL804) | 1,000,000 | 0.178 % | |||||||
| Restricted Class A- Shares (ISIN GB00BWWCMD47) | 9,000,000 | 1.605 % | |||||||
| Class B Shares (ISIN: N/A) | 18,000,000 | 3.211 % | |||||||
| SUBTOTAL 8. A | 28,000,000 | 4.994 % (5.00 %) | |||||||
| | |||||||||
| B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
| Type of financial instrument | Expiration datex | Exercise/ Conversion Periodxi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
| SUBTOTAL 8. B 1 | |||||||||
| | |||||||||
| B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
| Type of financial instrument | Expiration datex | Exercise/ Conversion Period xi | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||
| SUBTOTAL 8.B.2 | |||||||||
| 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) | ||||
| 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 | ||||
| Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) | X | |||
| Namexv | % 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 | |
| TransAsia Gas LLC | 3.39 % | 3.39 % | ||
| Al Ghurair Investment LLC | 4.994 % (5.00 %) | 4.994 % (5.00 %) | ||
| (Please see box 11 below) | ||||
| 10. In case of proxy voting, please identify: | ||||
| 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 | ||||
| Additional Information: Al Ghurair Investment LLC owns 100 % of TransAsia Gas LLC and TransAsia Gas LLC owns 68 % of TransAsia Gas International LLC. In addition, Al Ghurair Investment LLC owns 32 % of TransAsia Gas International LLC. | ||||
| Place of completion | Dubai, United Arab Emirates |
| Date of completion | February 06, 2019 |
For further queries, please contact:
Kevin Toner
Managing Director
RAK Petroleum plc
Email: kevin.toner@rakpetroleum.uk
About RAK Petroleum plc
RAK Petroleum plc is an Oslo Børs listed oil and gas investment company established under the laws of England and Wales as a public limited company. Its principal holdings are 40.45 percent of DNO ASA and 33.33 percent of Foxtrot International LDC held through Mondoil Enterprises, LLC. Founded in 1971 and listed on the Oslo Børs since 1981, DNO ASA is a Norwegian exploration and production company focused on the Middle East and the North Sea with interests in oil and gas blocks in various stages of exploration, development and production, both onshore and offshore. Foxtrot International LDC is a privately-held company active in West Africa whose principal asset is a 27.27 percent interest in and operatorship of Block CI-27 offshore Côte d'Ivoire.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.