7th Oct 2008 09:36
7th October 2008
PRESS RELEASE
Dragon Oil Plc ("Dragon Oil")
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached : Dragon Oil plc
2. Reason for the notification (please tick the appropriate box or boxes):
[x] an acquisition or disposal of voting rights
[ ] an acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
[ ] an event changing the breakdown of voting rights
3. Full name of person(s) subject to the notification obligation:
Artio Global Management LLC
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:
1 October 2008
6. Date on which issuer notified: 6 October 2008
7. Threshold(s) that is/are crossed or reached: 8%
8. Notified details:
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A) Voting rights attached to shares |
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Class/type of shares (if possible using the ISIN CODE) |
Situation previous to the Triggering transaction |
Resulting situation after the triggering transaction |
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Number of Shares |
Number of Voting rights |
Number of shares |
Number of voting rights |
% of voting rights |
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|
Indirect* |
Direct |
Indirect |
Direct |
Indirect |
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|
IE0000590798 |
40.955.647 |
40.955.647 |
40.585.647 |
40.585.647 |
7,94% |
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SUBTOTAL A (based on aggregate voting rights) |
40.955.647 |
40.585.647 |
7,94% |
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* Artio Global Management LLC acts as investment manager exercising proxy voting rights on behalf of independent beneficial owners.
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B) Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial instrument |
Expiration Date |
Exercise/Conversion Period/ Date |
Number of voting rights that may be acquired if the instrument is exercised/converted |
% of voting rights |
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SUBTOTAL B (in relation to all expiration dates) |
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|
Total (A+B) |
Number of voting rights |
% of voting rights |
|
40.585.647 |
7,94% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Artio Global Management LLC acts as investment manager exercising proxy voting rights on behalf of independent beneficial owners.
10. In case of proxy voting: Artio Global Management LLC will cease to hold 40.585.647 voting rights on termination of the relationship.
11. Additional information:
Done at New York, USA on 6 October 2008.
Related Shares:
DGO.L