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Form 8.5 (EPT/NON-RI)

22nd Dec 2011 07:43

RNS Number : 4834U

Oriel Securities Limited

22 December 2011

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Name of exempt principal trader:	ORIEL SECURITIES LIMITED
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	ENCORE OIL PLC
(c) Name of the party to the offer with which exempt principal trader is connected:	PREMIER OIL PLC
(d) Date position held/dealing undertaken:	21 December 2011
(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?	YES PREMIER OIL PLC

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

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

Class of relevant security:	5p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:
(2) Derivatives (other than options):
(3) Options and agreements to purchase/sell:
TOTAL:	NIL	NIL	NIL	NIL

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other executive options)

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

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(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
5 p ordinary	Purchase	5,000,000	72.32p
5 p ordinary	Sale	404,289	72p
5 p ordinary	Sale	30,033	72p
5 p ordinary	Sale	2,023	72p
5 p ordinary	Sale	1	72p
5 p ordinary	Sale	139,250	72p
5 p ordinary	Sale	4,355	72.25p
5 p ordinary	Sale	11,369	72p
5 p ordinary	Sale	11,368	72p
5 p ordinary	Sale	11,367	72p
5 p ordinary	Sale	6,259	72p
5 p ordinary	Sale	11,367	72p
5 p ordinary	Sale	11,367	72p
5 p ordinary	Sale	11,367	72p
5 p ordinary	Sale	38,771	72p
5 p ordinary	Sale	56,160	72p
5 p ordinary	Sale	11,367	72p
5 p ordinary	Sale	11,367	72p
5 p ordinary	Sale	11,367	72p
5 p ordinary	Sale	7,715	72p
5 p ordinary	Sale	11,367	72p
5 p ordinary	Sale	4,934	72p
5 p ordinary	Sale	4,074	72p
5 p ordinary	Sale	11,367	72p
5 p ordinary	Sale	11,367	72p
5 p ordinary	Sale	11,368	72p
5 p ordinary	Sale	5,302	72p
5 p ordinary	Sale	5,298	72p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	9	72p
5 p ordinary	Sale	4,078	72p
5 p ordinary	Sale	25,000	72p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	13,293	72.25p
5 p ordinary	Sale	4	72.25p
5 p ordinary	Sale	2,287	72.25p
5 p ordinary	Sale	1,699	72.25p
5 p ordinary	Sale	17,036	72.25p
5 p ordinary	Sale	609	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	5,612	72.25p
5 p ordinary	Sale	13,367	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	2,226	72.25p
5 p ordinary	Sale	677	72.25p
5 p ordinary	Sale	15,994	72.25p
5 p ordinary	Sale	643	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	13,571	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	241,896	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	13,066	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	4,378	72.25p
5 p ordinary	Sale	2,627	72.25p
5 p ordinary	Sale	134	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	2,000	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	991	72.25p
5 p ordinary	Sale	14,248	72.25p
5 p ordinary	Sale	11,099	72.25p
5 p ordinary	Sale	638	72.25p
5 p ordinary	Sale	6,314	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	943	72.25p
5 p ordinary	Sale	198	72.25p
5 p ordinary	Sale	948	72.25p
5 p ordinary	Sale	223	72.25p
5 p ordinary	Sale	905	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	7,005	72.25p
5 p ordinary	Sale	11,367	72.25p
5 p ordinary	Sale	9,299	72.25p
5 p ordinary	Sale	319	72.25p
5 p ordinary	Sale	905	72.25p
5 p ordinary	Sale	905	72.25p
5 p ordinary	Sale	10,358	72.25p
5 p ordinary	Sale	4,557	72.25p
5 p ordinary	Sale	2,095	72.25p
5 p ordinary	Sale	10,092	72.25p
5 p ordinary	Sale	909	72.25p
5 p ordinary	Sale	3	72.5p
5 p ordinary	Sale	459	72.25p
5 p ordinary	Sale	24,991	72.25p
5 p ordinary	Sale	907	72.25p
5 p ordinary	Sale	25,000	72.25p
5 p ordinary	Sale	3,624	72.25p
5 p ordinary	Sale	2,549	72.25p
5 p ordinary	Sale	25,000	72.25p
5 p ordinary	Sale	12,411	72.25p
5 p ordinary	Sale	494	72.25p
5 p ordinary	Sale	4,122	72.25p
5 p ordinary	Sale	12,197	72.25p
5 p ordinary	Sale	1,156	72.25p
5 p ordinary	Sale	3,382	72.25p
5 p ordinary	Sale	3,865	72.25p
5 p ordinary	Sale	2,903	72.25p
5 p ordinary	Sale	3,875	72.25p
5 p ordinary	Sale	3	72.5p
5 p ordinary	Sale	25,000	72.25p
5 p ordinary	Sale	1,940	72.25p
5 p ordinary	Sale	1,775	72.25p
5 p ordinary	Sale	939	72.25p
5 p ordinary	Sale	1,451	72.25p
5 p ordinary	Sale	4,098	72.25p
5 p ordinary	Sale	1,236	72.25p
5 p ordinary	Sale	5	72.25p
5 p ordinary	Sale	13,199	72.25p
5 p ordinary	Sale	25,000	72.25p
5 p ordinary	Sale	1,775	72.25p
5 p ordinary	Sale	5,196	72.25p
5 p ordinary	Sale	6,338	72.25p
5 p ordinary	Sale	4,170	72.25p
5 p ordinary	Sale	8,626	72.25p
5 p ordinary	Sale	595	72.25p
5 p ordinary	Sale	14,684	72.25p
5 p ordinary	Sale	595	72.25p
5 p ordinary	Sale	1,136	72.25p
5 p ordinary	Sale	3,339	72.25p
5 p ordinary	Sale	2,041	72.25p
5 p ordinary	Sale	16,720	72.25p
5 p ordinary	Sale	12,904	72.25p
5 p ordinary	Sale	1,541	72.25p
5 p ordinary	Sale	265	72.25p
5 p ordinary	Sale	1,913	72.25p
5 p ordinary	Sale	9	72.25p
5 p ordinary	Sale	24,565	72.25p
5 p ordinary	Sale	11,367	72.5p
5 p ordinary	Sale	11,367	72.5p
5 p ordinary	Sale	12,433	72.5p
5 p ordinary	Sale	11,367	72.5p
5 p ordinary	Sale	11,367	72.5p
5 p ordinary	Sale	11,367	72.5p
5 p ordinary	Sale	483,793	72.5p
5 p ordinary	Sale	100,000	73.25p
5 p ordinary	Sale	11,367	72.5p
5 p ordinary	Sale	11,368	72.5p
5 p ordinary	Sale	435	72.25p
5 p ordinary	Sale	10,468	72.5p
5 p ordinary	Sale	11,367	72.5p
5 p ordinary	Sale	11,456	72.5p
5 p ordinary	Sale	1,292	72.5p
5 p ordinary	Sale	605	72.5p
5 p ordinary	Purchase	10,000	72.5p
5 p ordinary	Sale	50,000	72.5p
5 p ordinary	Sale	33,793	72.5p
5 p ordinary	Sale	50,000	72.5p
5 p ordinary	Sale	22,417	72.5p
5 p ordinary	Sale	50,000	72.5p
5 p ordinary	Sale	12,875	72.5p
5 p ordinary	Sale	50,000	72.5p
5 p ordinary	Sale	5,446	72.5p
5 p ordinary	Sale	50,000	72.5p
5 p ordinary	Sale	25,000	72.5p
5 p ordinary	Sale	50,000	72.5p
5 p ordinary	Sale	25,000	72.5p
5 p ordinary	Sale	50,000	72.5p
5 p ordinary	Sale	25,000	72.5p
5 p ordinary	Sale	50,000	72.5p
5 p ordinary	Sale	15,632	72.5p
5 p ordinary	Sale	50,000	72.5p
5 p ordinary	Sale	23,373	72.5p
5 p ordinary	Sale	13,234	72.5p
5 p ordinary	Sale	50,000	72.5p
5 p ordinary	Sale	25,000	72.5p
5 p ordinary	Sale	11,367	72.5p
5 p ordinary	Sale	25,000	72.5p
5 p ordinary	Sale	25,000	72.5p
5 p ordinary	Sale	181,815	72.5p
5 p ordinary	Sale	3,840	72.5p
5 p ordinary	Sale	25,000	72.5p
5 p ordinary	Sale	50,000	72.5p
5 p ordinary	Sale	25,000	72.5p
5 p ordinary	Sale	50,000	72.5p
5 p ordinary	Sale	4,430	72.5p
5 p ordinary	Sale	2,485	72.5p
5 p ordinary	Sale	20,840	72.5p
5 p ordinary	Sale	12,083	72.5p
5 p ordinary	Sale	50,000	72.5p
5 p ordinary	Sale	25,000	72.5p
5 p ordinary	Sale	4,968	72.5p
5 p ordinary	Sale	7,585	72.5p
5 p ordinary	Sale	3,774	72.5p
5 p ordinary	Sale	14,662	72.5p
5 p ordinary	Sale	21,160	72.5p
5 p ordinary	Sale	2,878	72.5p
5 p ordinary	Sale	4,930	72.5p
5 p ordinary	Sale	3,774	72.5p
5 p ordinary	Sale	4,698	72.5p
5 p ordinary	Sale	822	72.5p
5 p ordinary	Sale	25,000	72.5p
5 p ordinary	Sale	2,956	72.5p
5 p ordinary	Sale	687	72.5p
5 p ordinary	Sale	16,002	72.5p
5 p ordinary	Sale	15,068	72.5p
5 p ordinary	Sale	16,000	72.5p
5 p ordinary	Sale	3,433	72.5p
5 p ordinary	Sale	1,650	72.5p
5 p ordinary	Sale	5,703	72.5p
5 p ordinary	Sale	609	72.5p
5 p ordinary	Sale	14,198	72.5p
5 p ordinary	Sale	25,000	72.5p
5 p ordinary	Sale	3,627	72.5p
5 p ordinary	Sale	1,191	72.5p
5 p ordinary	Sale	15,501	72.5p
5 p ordinary	Sale	4,315	72.5p
5 p ordinary	Sale	6,700	72.5p
5 p ordinary	Sale	958	72.5p
5 p ordinary	Sale	10,449	72.5p
5 p ordinary	Sale	1,809	72.5p
5 p ordinary	Sale	2,665	72.5p
5 p ordinary	Sale	11,367	72.5p
5 p ordinary	Sale	3,666	72.5p
5 p ordinary	Sale	997	72.5p
5 p ordinary	Sale	87	72.5p
5 p ordinary	Sale	25,000	72.5p
5 p ordinary	Sale	6,092	72.5p
5 p ordinary	Sale	1,587	72.5p
5 p ordinary	Sale	22,308	72.5p
5 p ordinary	Sale	9,187	72.5p
5 p ordinary	Sale	25,000	72.5p
5 p ordinary	Sale	488	72.5p
5 p ordinary	Sale	11,367	72.5p
5 p ordinary	Sale	6,221	72.5p
5 p ordinary	Sale	50,000	72.5p
5 p ordinary	Sale	500	72.75p
5 p ordinary	Sale	1,500	72.75p
5 p ordinary	Purchase	435	73p
5 p ordinary	Purchase	435	72.75p
5 p ordinary	Sale	435	72.75p
5 p ordinary	Sale	6,885	72.75p
5 p ordinary	Sale	11,367	72.75p
5 p ordinary	Sale	4,041	72.75p
5 p ordinary	Sale	12,277	72.75p
5 p ordinary	Sale	12,277	72.75p
5 p ordinary	Sale	5,154	72.75p
5 p ordinary	Sale	8,752	72.75p
5 p ordinary	Sale	13,167	72.75p
5 p ordinary	Sale	11,367	72.75p
5 p ordinary	Sale	21,034	72.75p
5 p ordinary	Sale	11,367	72.75p
5 p ordinary	Sale	11,367	72.75p
5 p ordinary	Sale	1	72.875p
5 p ordinary	Sale	25,000	72.75p
5 p ordinary	Sale	4,410	72.75p
5 p ordinary	Sale	1,969	72.75p
5 p ordinary	Sale	1,970	72.75p
5 p ordinary	Sale	13,974	72.75p
5 p ordinary	Sale	8,176	72.75p
5 p ordinary	Sale	5,946	72.75p
5 p ordinary	Sale	5,115	72.75p
5 p ordinary	Sale	687	72.75p
5 p ordinary	Sale	1,199	72.75p
5 p ordinary	Sale	532	72.75p
5 p ordinary	Sale	20	72.75p
5 p ordinary	Sale	11,367	72.75p
5 p ordinary	Sale	17,976	72.75p
5 p ordinary	Sale	18,326	72.75p
5 p ordinary	Sale	3,193	72.75p
5 p ordinary	Sale	3,677	72.75p
5 p ordinary	Sale	1,451	72.75p
5 p ordinary	Sale	1,451	72.75p
5 p ordinary	Sale	1,488	72.75p
5 p ordinary	Sale	30	72.75p
5 p ordinary	Sale	29	72.75p
5 p ordinary	Sale	14,353	72.75p
5 p ordinary	Sale	358	72.75p
5 p ordinary	Sale	358	72.75p
5 p ordinary	Sale	16,731	72.75p
5 p ordinary	Sale	344	72.75p
5 p ordinary	Sale	344	72.75p
5 p ordinary	Sale	11,266	72.75p
5 p ordinary	Sale	10,405	72.75p
5 p ordinary	Sale	1,742	72.75p
5 p ordinary	Sale	1,741	72.75p
5 p ordinary	Sale	484	72.75p
5 p ordinary	Sale	2,888	72.75p
5 p ordinary	Sale	9,729	72.75p
5 p ordinary	Sale	20,706	72.75p
5 p ordinary	Sale	3,217	72.75p
5 p ordinary	Sale	2,303	72.75p
5 p ordinary	Sale	2,681	72.75p
5 p ordinary	Sale	6,216	72.75p
5 p ordinary	Sale	20,528	72.75p
5 p ordinary	Sale	5,553	72.75p
5 p ordinary	Sale	50,000	72.75p
5 p ordinary	Sale	101	72.75p
5 p ordinary	Sale	101	72.75p
5 p ordinary	Sale	25,000	73p
5 p ordinary	Sale	9,370	73p
5 p ordinary	Sale	5,387	73p
5 p ordinary	Sale	12,248	73p
5 p ordinary	Sale	7,906	73p
5 p ordinary	Sale	40,000	73p
5 p ordinary	Sale	5	73p
5 p ordinary	Sale	4,171	73p
5 p ordinary	Sale	1,050	73p
5 p ordinary	Sale	2,419	73p
5 p ordinary	Sale	754	73p
5 p ordinary	Sale	6,207	73p
5 p ordinary	Sale	581	73p
5 p ordinary	Sale	382	73p
5 p ordinary	Sale	4	73p
5 p ordinary	Sale	64	73p
5 p ordinary	Sale	67	73p
5 p ordinary	Sale	64	73p
5 p ordinary	Sale	8,413	73p
5 p ordinary	Sale	65	73p
5 p ordinary	Sale	25,000	73p
5 p ordinary	Sale	2,408	73p
5 p ordinary	Sale	182	73p
5 p ordinary	Sale	40,000	73p
5 p ordinary	Purchase	2,407	73.25p
5 p ordinary	Sale	754	73.25p
5 p ordinary	Sale	2	73.25p
5 p ordinary	Sale	3	73.25p
5 p ordinary	Sale	8,544	73.25p
5 p ordinary	Sale	4,213	73.25p
5 p ordinary	Sale	23,382	73.25p
5 p ordinary	Sale	1,263	73.25p
5 p ordinary	Sale	1	73.25p
5 p ordinary	Sale	1	73.25p
5 p ordinary	Sale	117	73.25p
5 p ordinary	Sale	25,000	73p
5 p ordinary	Sale	118	73p
5 p ordinary	Sale	25,000	73p
5 p ordinary	Sale	118	73p
5 p ordinary	Sale	25,000	73p

	Total purchased	5,013,277
	Total sales	5,013,277

(b) Derivatives transactions (other than options)

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

n/a

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

n/a

(ii) Exercising

Class of relevant security

Product description

e.g. call option

Number of securities

Exercise price per unit

n/a

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

n/a

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

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 exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

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 exempt principal trader making the disclosure 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

Is a Supplemental Form 8 (Open Positions) attached?

Date of disclosure:	22 December 2011
Contact name:	Ann Whitfield
Telephone number:	0207 710 7600

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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