Jadestone Energy Inc. Announces Holding in Company
On March 2, 2021, Jadestone Energy Inc. reported a significant change in voting rights held by Sand Grove Capital Management LLC and its fund, Sand Grove Opportunities Master Fund Ltd. As of February 26, 2021, Sand Grove acquired a total of 3.29% voting rights in Jadestone, comprising 0.70% directly and 2.59% through financial instruments. This is a decrease from the previous holding of 5.23%. The company emphasizes its commitment to transparency in shareholder communications, as mandated by the Financial Conduct Authority.
- Sand Grove Capital Management LLC's increased stake in Jadestone Energy may signal investor confidence.
- Jadestone Energy demonstrates compliance with FCA regulations, showcasing transparency.
- Sand Grove's total holdings decreased from 5.23% to 3.29%, indicating reduced influence.
- The reduction in voting rights may reflect a shift in investor sentiment regarding Jadestone.
SINGAPORE / ACCESSWIRE / March 2, 2021 / Jadestone Energy Inc. (AIM:JSE) (the "Company" or "Jadestone"):
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i | ||||||
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | JADESTONE ENERGY INC | |||||
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 | X | |||||
An event changing the breakdown of voting rights | ||||||
Other (please specify)iii: | ||||||
3. Details of person subject to the notification obligationiv | ||||||
Name | SAND GROVE CAPITAL MANAGEMENT LLP | |||||
City and country of registered office (if applicable) | LONDON, UK | |||||
4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name | SAND GROVE OPPORTUNITIES MASTER FUND LTD | |||||
City and country of registered office (if applicable) | CAYMAN ISLANDS | |||||
5. Date on which the threshold was crossed or reachedvi: | 26/02/2021 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 02/03/2021 | |||||
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 | 461,967,811 | |||||
Position of previous notification (if applicable) | ||||||
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) | ||||||
CA46989Q1000 | 3,233,597 | ||||||||
SUBTOTAL 8. A | 3,233,597 | ||||||||
| |||||||||
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 | |||||
SUBTOTAL 8. B 1 | |||||||||
| |||||||||
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 | ||||
Equity CFD | Cash | 11,955,600 | |||||||
SUBTOTAL 8.B.2 | 11,955,600 | ||||||||
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 | X | |||
Full chain of controlled undertakings through which the voting rights and/or the | ||||
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 | |
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 | ||||
Place of completion | LONDON, UK |
Date of completion | 02/03/2021 |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Jadestone Energy Inc.
View source version on accesswire.com:
https://www.accesswire.com/633051/Jadestone-Energy-Inc-Announces-Holding-in-Company
FAQ
What is the recent change in voting rights for Jadestone Energy (JADSF)?
Who holds the majority of voting rights in Jadestone Energy?
When did Sand Grove Capital Management acquire voting rights in Jadestone Energy?
What is the significance of the 3.29% voting rights by Sand Grove in JADSF?
What are the implications of Sand Grove's decreased holdings in Jadestone Energy?
