Welcome!

News Feed Item

Heritage Oil Plc: PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)

Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")

LONDON, UNITED KINGDOM -- (Marketwired) -- 05/20/14 -- Heritage Oil Plc (LSE: HOIL) -

1. KEY INFORMATION

----------------------------------------------------------------------------
(a) Identity of the party to the offer or person    Heritage Oil Plc
    acting in concert making the disclosure:
----------------------------------------------------------------------------
(b) Owner or controller of interests and short
    positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is
    insufficient
----------------------------------------------------------------------------
(c) Name of offeror/offeree in relation to whose    Heritage Oil Plc
    relevant securities this form relates:
    Use a separate form for each offeror/offeree
----------------------------------------------------------------------------
(d) Status of person making the disclosure:         OFFEREE
    e.g. offeror, offeree, person acting in concert
    with the offeror/offeree (specify name of
    offeror/offeree)
----------------------------------------------------------------------------
(e) Date dealing undertaken:                        16 May 2014
----------------------------------------------------------------------------
(f) Has the party previously disclosed, or is it    NO
    today disclosing, under the Code in respect of
    any other party to this offer?
----------------------------------------------------------------------------

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

----------------------------------------------------------------------------
Class of relevant security:
----------------------------------------------------------------------------
                                             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        -
----------------------------------------------------------------------------

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).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

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

----------------------------------------------------------------------------
Class of relevant security in relation to which subscription right    -
 exists:
----------------------------------------------------------------------------
Details, including nature of the rights concerned and relevant        -
 percentages:
----------------------------------------------------------------------------

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

3. DEALINGS BY THE PERSON MAKING THE DISCLOSURE

(a) Purchases and sales

----------------------------------------------------------------------------
 Class of relevant
      security        Purchase/Sale   Number of securities   Price per unit
----------------------------------------------------------------------------
N/A
----------------------------------------------------------------------------

(b) Derivatives transactions (other than options)

----------------------------------------------------------------------------
                                 Nature of dealing
                                       e.g.
                                 opening/closing a
                                    long/short
                                     position,
                                    increasing/
                      Product       reducing a      Number of
 Class of relevant  description    a long/short     reference    Price per
      security        e.g. CFD       position       securities      unit
----------------------------------------------------------------------------
N/A
----------------------------------------------------------------------------

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

----------------------------------------------------------------------------
                      Writing,  Number of             Type           Option
           Product  purchasing, securities            e.g.           money
Class of description  selling,   to which  Exercise American,         paid/
relevant  e.g. call   varying,    option  price per European Expiry received
security    option      etc.     relates     unit     etc.    date  per unit
----------------------------------------------------------------------------
N/A
----------------------------------------------------------------------------

(ii) Exercising

----------------------------------------------------------------------------
                                  Product
                                description
                                 e.g. call   Number of    Exercise price per
 Class of relevant security       option     securities          unit
----------------------------------------------------------------------------
Exchangeable shares of no par   Shares       2,256,818    One ordinary share
 value in the capital of                                  of no par value in
 Heritage Oil Corporation (each                           the capital of
 an "Exchangeable Share")                                 Heritage Oil Plc
                                                          per Exchangeable
                                                          Share
----------------------------------------------------------------------------

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

----------------------------------------------------------------------------
                             Nature of dealing
                             e.g. subscription,          Price per unit (if
 Class of relevant security     conversion      Details      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(c), 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 party
to the offer or person acting in concert making the disclosure and any other
person:
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 party to the offer or person acting in concert 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
----------------------------------------------------------------------------

(c) Attachments

Are any Supplemental Forms attached?

----------------------------------------------------------------------------
Supplemental Form 8 (Open Positions)                                   NO
----------------------------------------------------------------------------
Supplemental Form 8 (SBL)                                              NO
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Date of disclosure:                                     20 May 2014
----------------------------------------------------------------------------
Contact name:
----------------------------------------------------------------------------
Telephone number:
----------------------------------------------------------------------------

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.

Contacts:
Jeanny So
+1 416 868 1079 x225
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"Storpool does only block-level storage so we do one thing extremely well. The growth in data is what drives the move to software-defined technologies in general and software-defined storage," explained Boyan Ivanov, CEO and co-founder at StorPool, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Sometimes I write a blog just to formulate and organize a point of view, and I think it’s time that I pull together the bounty of excellent information about Machine Learning. This is a topic with which business leaders must become comfortable, especially tomorrow’s business leaders (tip for my next semester University of San Francisco business students!). Machine learning is a key capability that will help organizations drive optimization and monetization opportunities, and there have been some...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Is advanced scheduling in Kubernetes achievable?Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, answered these questions and demonstrated techniques for implementing advanced scheduling. For example, using spot instances and co...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...