TIDMNEW

RNS Number : 3768C

New World Oil & Gas

15 October 2015

For immediate release 15 October 2015

New World Oil and Gas Plc

('New World' or 'the Company')

Holding(s) in Company

The Board of New World announces that on 8 October 2015 the Company received the following TR-1 notification which is set out below without amendment. The Company has received and announced similar TR-1 notifications from Matthew Benjamin Turney previously and has asked for, but not received, clarification of the arrangements between the parties referred to below. At the present time, the Company is unable to verify the information contained in this TR-1 notification.

 
 Enquiries: 
 Georges Sztyk         New World Oil and    Tel: +1 646 407 
                        Gas Plc              9946 
 Peter Sztyk           New World Oil and    Tel: +1 917 215 
                        Gas Plc              7122 
 
 Felicity Geidt        Beaumont Cornish     Tel: +44 (0) 20 
                        Limited              7628 3396 
 Roland Cornish        Beaumont Cornish     Tel: +44 (0) 20 
                        Limited              7628 3396 
 
 Lottie Brocklehurst   St Brides Partners   Tel: +44 (0) 20 
                        Ltd                  7236 1177 
 Frank Buhagiar        St Brides Partners   Tel: +44 (0) 20 
                        Ltd                  7236 1177 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 
 1. Identity of the issuer or                                                   NEW WORLD OIL & GAS plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-------------------------------------------------------------  ---------------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights 
--------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
--------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
--------------------------------------------------------------------------------------------------- 
 An event changing the breakdown of voting rights 
--------------------------------------------------------------------------------------------------- 
 Other (please                                                 Agreement for a concerted exercise     x 
  specify):                                                    of voting rights 
------------------------------------------------------------  ------------------------------------- 
 3. Full name of person(s)                                                                  NWOG Action 
  subject to the 
  notification obligation: 
  (iii) 
-------------------------------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s)                                  Mathew Benjamin Turney, James 
  (if different from 3.):(iv)                                     Larking, Neil Walkington-Mayo, 
                                                                  Angelina Walkington-Mayo, 
                                                                  Dr William Robb, David Dunham, 
                                                                  Ragu Sittamballam, Andy Hutchins, 
                                                                  Mohinder Dharar, Saleh Ahmed, 
                                                                  Will Meredith, Mark Booth, 
                                                                  Paul Miller, John Cooney, 
                                                                  Mike Rendell, Mike Joseph, 
                                                                  Keith Rowbotham, Sunil Ramnani, 
                                                                  Bruce Michael, Mehul Barnania, 
                                                                  Vijay Topiwala, Russell Stephens, 
                                                                  Peter Bambling, Andy Mills, 
                                                                  Gary Bullivant, Chris Parrish, 
                                                                  Janice Bullivant, Steve Coomber, 
                                                                  Robert Watson Blair-Watt, 
                                                                  Johnathan Lloyd-Gane, Simon 
                                                                  Watson, Ron Younghusband, 
                                                                  , Colin Greenway, Ian Bedford, 
                                                                  Terrence Iland, Anthony Gorst, 
                                                                  Pamela Gorst, Mark Fereday, 
                                                                  Andy Hubbard, Simon Gillard, 
                                                                  John Godfrey, Mohammed Salim, 
                                                                  Nick Wilkin, Stephen Pearce, 
                                                                  Alan Pickering, Craig Stannard 
-------------------------------------------------------------  ---------------------------------------- 
 5. Date of the transaction                                                                   6/10/2015 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
-------------------------------------------------------------  ---------------------------------------- 
 6. Date on which issuer                                                                      8/10/2015 
  notified: 
-------------------------------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                                13% 
-------------------------------------------------------------  ---------------------------------------- 
 
 
 
 8. Notified details: 
-------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
-------------------------------------------------------------------------------------------------------------------------- 
 Class/type   Situation                         Resulting situation after the 
 of            previous                          triggering transaction 
 shares        to the triggering 
               transaction 
 if 
 possible 
 using 
 the ISIN 
 CODE 
-----------  --------------------------------  --------------------------------------------------------------------------- 
              Number            Number          Number          Number of                    % of voting 
               of                of              of shares       voting                       rights (x) 
               Shares            Voting                          rights 
                                 Rights 
-----------  ----------------  --------------  --------------  ---------------------------  ------------------------------ 
                                                Direct          Direct          Indirect     Direct           Indirect 
                                                                 (xi)            (xii) 
-----------      ------------    ------------  --------------  --------------  -----------  ---------------  ------------- 
 Ordinary 
  Shares      605,865,059       605,865,059     558,406,144     558,406,144                  12.16% 
             ----------------  --------------  --------------  --------------  -----------  ---------------  ------------- 
 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------- 
 Type of          Expiration      Exercise/                       Number of voting               % of voting 
 financial         date            Conversion                      rights that                    rights 
 instrument        (xiii)          Period (xiv)                    may be 
                                                                   acquired if 
                                                                   the 
                                                                   instrument 
                                                                   is 
                                                                   exercised/ 
                                                                   converted. 
---------------  --------------  ------------------------------  -----------------------------  -------------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
-------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------- 
 Type of        Exercise        Expiration      Exercise/       Number of voting               % of voting 

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October 15, 2015 04:58 ET (08:58 GMT)

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