Holding(s) in Company
1 December 2015
Genel Energy plc
Genel Energy plc advises that it has received the notification set out below from Encompass Capital Advisors LLC, pursuant to DTR 5 of the FCA’s Disclosure and Transparency Rules.
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For further information please contact:
Genel Energy +44 20 7659 5100
Sarah Robertson, Company Secretary
Phil Corbett, Head of Investor Relations
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii | GENEL ENERGY PLC | ||
| 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 Disclosure resulting from changes to the DTRs following the UKspecify): implementation of amendments to the Transparency Directive | X | ||
| 3. Full name of person(s) subject to the notification obligation: iii | Encompass Capital Advisors LLC Todd Kantor (individual with greater than 50%ownership) |
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| 4. Full name of shareholder(s)(if different from 3.):iv | N/A |
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| 5. Date of the transaction and date on which the threshold is crossed or reached: v | N/A – baseline disclosure as a result of changesto the DTRs | ||
| 6. Date on which issuer notified: | 11/30/2015 | ||
| 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 of sharesif possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | |||||
| Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights x | |||
| Direct | Direct xi | Indirect xii | Direct | Indirect | |||
| B: Qualifying Financial Instruments | ||||
| Resulting situation after the triggering transaction | ||||
| Type of financial instrument | Expiration date xiii | Exercise/ Conversion Period xiv | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
| C: Financial Instruments with similar economic effect to Qualifying Financial Instrumentsxv, xvi | ||||||
| Resulting situation after the triggering transaction | ||||||
| Type of financial instrument | Exercise price | Expiration date xvii | Exercise/ Conversion period xviii | Number of voting rights instrument refers to | % of voting rights xix,xx | |
| Total Return Swap referenced to Ordinary Shares (ISIN JE00B55Q3P39) | n/a |
n/a | n/a |
22,785,255 |
Nominal | Delta 9.16% |
| Total (A+B+C) | |
| Number of voting rights | Percentage of voting rights |
| 22,785,255 | 9.16% |
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi |
| Todd Kantor is the managing member and owns greater than 50% of Encompass Capital Advisors LLC. |
| 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: | |
| 13. Additional information: | |
| 14. Contact name: | Larry Kassman |
| 15. Contact telephone number: | +1 646-351-8452 |