12 April 2019
Diversified Gas & Oil PLC
(the "Company")
Holding(s) in Company
Diversified Gas & Oil PLC (AIM: DGOC), the U.S. based owner and operator of natural gas, natural gas liquids, and oil producing assets, has been notified that HSBC Holdings PLC holds an interest in 12.064% in the Company's total voting rights. However, as set out in the relevant TR1 disclosure below, HSBC Holding PLC's holding includes an indirect interest in voting rights of approximately 8.1% and an interest of approximately 3.9% through financial instruments. It is a change in the split between these holdings that has given rise to this disclosure.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information contact:
| Diversified Gas & Oil PLC Rusty Hutson Jr., Chief Executive Officer Brad Gray, Chief Operating Officer & Finance Director Eric Williams, Chief Financial Officer
| + 1 (205) 408 0909
|
| Cenkos Securities plc (Nominated Adviser) Russell Cook Katy Birkin
| +44 (0)20 7397 8900 |
| Mirabaud Securities Limited (Joint Broker) Peter Krens Edward Haig-Thomas
| +44 (0)20 3167 7221 |
| Stifel Nicolaus Europe Limited (Joint Broker) Callum Stewart Nicholas Rhodes Ashton Clanfield
| +44 (0)20 7710 7600 |
| Buchanan (Financial Public Relations) Ben Romney Chris Judd James Husband | +44 20 7466 5000 |
TR-1: Standard form for notification of major holdings
| NOTIFICATION OF MAJOR HOLDINGS | ||||||
| | ||||||
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Diversified Gas & Oil PLC | |||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
| Non-UK issuer | | |||||
| 2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
| An acquisition or disposal of voting rights | | |||||
| An acquisition or disposal of financial instruments | | |||||
| An event changing the breakdown of voting rights | | |||||
| Other (please specify)iii: Change in Nature | X | |||||
| 3. Details of person subject to the notification obligationiv | ||||||
| Name | HSBC Holdings PLC | |||||
| City and country of registered office (if applicable) | London, United Kingdom | |||||
| 4. Full name of shareholder(s) (if different from 3.)v | ||||||
| Name | HSBC Bank plc | |||||
| City and country of registered office (if applicable) | 8, Canada Square, London, E14 5HQ | |||||
| 5. Date on which the threshold was crossed or reachedvi: | 10 April 2019 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 12 April 2019 | |||||
| 7. Total positions of person(s) subject to the notification obligation | ||||||
| | % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments | Total of both in % (8.A + 8.B) | Total number of voting rights of issuervii | ||
| Resulting situation on the date on which threshold was crossed or reached | 8.123 % | 3.941 % | 12.064 % | 542,653,937 | ||
| Position of previous notification (if applicable) | 9.278 % | 2.837 % | 12.116 % | | ||
| 8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||
| A: Voting rights attached to shares | |||||||||
| Class/type of ISIN code (if possible) | Number of voting rightsix | % of voting rights | |||||||
| Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||
| GB00BYX7JT74 | | 44,079,994 | | 8.123 % | |||||
| | | | | | |||||
| | | | | | |||||
| SUBTOTAL 8. A | 44,079,994 | 8.123 % | |||||||
|
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| B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
| Type of financial instrument | Expiration | Exercise/ | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
| Stock Lent | | | 388,267 | 0.071 % | |||||
| | | | | | |||||
| | | | | | |||||
| | | SUBTOTAL 8. B 1 | 388,267 | 0.071 % | |||||
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| B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
| Type of financial instrument | Expiration | Exercise/ | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||
| Swap | | | Cash Settled | 21,000,000 | 3.869 % | ||||
| | | | | | | ||||
| | | | | | | ||||
| | | | SUBTOTAL 8.B.2 | 21,000,000 | 3.869 % | ||||
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| 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
| Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | | |||
| Full chain of controlled undertakings through which the voting rights and/or the | x | |||
| Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
| HSBC Holdings plc | | | | |
| HSBC UK Holdings Limited | | | | |
| HSBC Bank plc | 8.123 % | 3.941 % | 12.064 % | |
| | | | | |
| | | | | |
| | ||||
| 10. In case of proxy voting, please identify: | ||||
| Name of the proxy holder | | |||
| The number and % of voting rights held | | |||
| The date until which the voting rights will be held | | |||
| | ||||
| 11. Additional informationxvi | ||||
| The total holdings include Stock Borrowing of 125,978 shares | ||||
| Place of completion | London, United Kingdom |
| Date of completion | 12 April 2019 |