24 March 2010 - Holdings in Company
For immediate release: 24 March 2010
EnCore Oil plc (‘EnCore’ or ‘the Company’)
TR-1 – NOTIFICATION OF MAJOR INTEREST IN SHARES
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
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Encore Oil Plc
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2. Reason for notification (yes/no)
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An acquisition or disposal of voting rights
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YES
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An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
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NO
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An event changing the breakdown of voting rights
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NO
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Other (please specify):______________
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NO
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3. Full name of person(s) subject to notification obligation:
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Ingalls & Snyder LLC ("I&S").
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4. Full name of shareholder(s) (if different from 3):
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I I&S, on behalf of its clients, has dispositive authority over (i.e. the power and authorisation to sell at I&S’s discretion) 14,646,287 shares. I & S does not hold voting authority over these shares.
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5. Date of transaction (and date on which the threshold is crossed or reached if different):
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March 23, 2010
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6. Date on which issuer notified:
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March 24, 2010
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7. Threshold(s) that is/are crossed or reached:
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Interest in excess of 5% of issued share capital.
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8: Notified Details
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A: Voting rights attached to shares
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Class/type of shares
If possible use ISIN code
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Situation previous to the triggering transaction
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Resulting situation after the triggering transaction
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Number of shares
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Number of voting rights
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Number of shares
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Number of voting rights
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Percentage of voting rights
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Direct
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Indirect
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Direct
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Indirect
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Ordinary Shares ISIN GB00B06KL332
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13,646,287
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-
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14,646,287
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See note 4 above. I&S has dispositive authority over 14,646,287 shares.
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-
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5.05% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights).
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-
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B: Financial Instruments N/A
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Resulting situation after the triggering transaction
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Type of financial instrument
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Expiration date
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Exercise/ conversion period/date
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No. of voting rights that may be acquired (if the instrument exercised/converted)
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Percentage of voting rights
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Total (A+B)
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Number of voting rights
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Percentage of voting rights
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14,646,287 (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights.)
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5.05% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights).
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9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:
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N/A
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Proxy Voting:
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10. Name of proxy holder:
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N/A
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11. Number of voting rights proxy holder will cease to hold:
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N/A
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12. Date on which proxy holder will cease to hold voting rights:
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N/A
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13. Additional information:
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14 Contact name:
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Edward H. Oberst
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15. Contact telephone name:
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(001) (212) 269 7812
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For further information, please contact:
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EnCore Oil plc
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www.encoreoil.co.uk
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Alan Booth, Chief Executive Officer
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+44 (0)20 7224 4546
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Eugene Whyms, Chief Financial Officer
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Yvonne Fraser, Investor Relations Manager
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+44 (0)7957 241 408
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Westhouse Securities Limited
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Tim Feather
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+44 (0) 20 7601 6100
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Matthew Johnson
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Wednesday, March 24, 2010
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