United Kingdom, 16 January 2019
RAK Petroleum plc, the Oslo-listed oil and gas investment company, announces that, as the result of a request by Afaq Al Roya Trading (LLC) to release the restrictions on its 9,000,000 Restricted Class A Shares, and a request by another shareholder to release the restrictions on his 180,000 Restricted Class A Shares, 9,180,000 Restricted Class A Shares have been re-designated as Class A Shares and 9,180,000 Class B Shares, representing 18,360,000 votes, have been transferred to the Company and cancelled.
Following these actions having become effective today, the share capital of the Company is GBP 3,328,169.57, consisting of :
- 203,822,717 Class A Shares, each with a nominal value of GBP 0.01,
- 123,991,988 Restricted Class A Shares, each with a nominal value of GBP 0.01,
- 123,991,988 Class B Shares, each with a nominal value of GBP 0.0000001,
- 87,488,693 Class C Shares, each with a nominal value of GBP 0.0000001 and
- 50,000 redeemable shares, each with a nominal value of GBP 1.00,
resulting in 575,798,681 total votes.
These changes in the holdings of voting rights resulted in changes in the percentages of voting rights held by the Company's largest shareholders. The resulting voting rights and holdings of the largest shareholders are set forth in the attached listing of the twenty largest holders as of 15 January 2019.
For further queries, please contact: Kevin Toner Managing Director RAK Petroleum plc Email: kevin.toner@rakpetroleum.uk
About RAK Petroleum plc RAK Petroleum plc is an Oslo Børs listed oil and gas investment company established under the laws of England and Wales as a public limited company. Its principal holdings are 40.45 percent of DNO ASA and 33.33 percent of Foxtrot International LDC held through Mondoil Enterprises, LLC. Founded in 1971 and listed on the Oslo Børs since 1981, DNO ASA is a Norwegian exploration and production company focused on the Middle East and the North Sea with interests in oil and gas blocks in various stages of exploration, development and production, both onshore and offshore. Foxtrot International LDC is a privately-held company active in West Africa whose principal asset is a 27.27 percent interest in and operatorship of Block CI-27 offshore Côte d'Ivoire. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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