22nd Mar 2013 09:21
22 March 2013
ELAND OIL & GAS PLC
("Eland" or the "Company")
Holding(s) in Company
Eland Oil & Gas plc (AIM: ELA), an oil & gas development and exploration company operating in West Africa with a principle focus on Nigeria, announces that on 21 March 2013 it received notification that on the same day Kristen Management Limited sold a total of 5,880,540 ordinary shares of £1.00 each in the Company ("Ordinary Shares") to Kristen Traders Limited.
As a result of the above transfer the following interests are held in the Ordinary Shares of the Company:
Interest in Ordinary Shares prior to transfer | Interest in Ordinary Shares following transfer | Interest in Ordinary Shares following transfer | |
Kristen Traders Limited | - | 5,880,540 | 4.35% |
Kristen Management Limited | 13,330,540 | 7,450,000 | 5.51% |
Mr Alshair Fiyaz has a beneficial interest in the above companies and therefore Mr Fiyaz's beneficial interest remains unchanged at an aggregate amount of 13,350,101 ordinary shares representing 9.9% of the current issued share capital.
For further information:
Eland Oil & Gas PLC (+44 (0) 207 016 3180)
Les Blair, CEO
George Maxwell, CFO
Edward Cozens, IR
Canaccord Genuity Limited (+44 (0) 207 523 8000)
Henry Fitzgerald-O'Connor
Peter Stewart
Citigate Dewe Rogerson (+44 (0) 207 638 9571)
Martin Jackson
Jack Rich
Related Shares:
Eland Oil & Gas