Jadestone Energy Inc Announces Holding in Company

Rhea-AI Summary

On September 2, 2020, Jadestone Energy notified of a significant shareholder change, with Baillie Gifford & Co acquiring 5.01% of voting rights, totaling 23,135,941 shares. This acquisition occurred on September 1, 2020, marking a key event for the company's shareholder structure. The total number of voting rights stands at 461,542,811. Baillie Gifford's investment reflects confidence in Jadestone's potential, likely impacting investor sentiment and market perception.

Positive

• Acquisition of 5.01% voting rights by Baillie Gifford & Co, indicating strong investor confidence.

Negative

• None.

SINGAPORE / ACCESSWIRE / September 22, 2020 / Jadestone Energy Inc. (AIM:JSE) ("Jadestone", or the "Company")

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 (LEI: 254900E4GCXW63X26Q32)
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer						X
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			Baillie Gifford & Co
City and country of registered office (if applicable)			Edinburgh, Scotland
4. Full name of shareholder(s) (if different from 3.)v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:			01/09/2020
6. Date on which issuer notified (DD/MM/YYYY):			02/09/2020
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 8.B 1 + 8.B 2)		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	5.01%	N/A		5.01%	461,542,811
Position of previous notification (if applicable)	N/A	N/A		N/A

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 shares 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)
Ordinary Share CA46989Q1000				23,135,941					5.01%
SUBTOTAL 8. A		23,135,941					5.01%
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 datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
N/A
			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 datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
N/A
					SUBTOTAL 8.B.2

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 financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)				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
Baillie Gifford & Co	5.01%	N/A	5.01%
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	Edinburgh, Scotland
Date of completion	02 September 2020

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/607185/Jadestone-Energy-Inc-Announces-Holding-in-Company

FAQ

What was the recent shareholder change for Jadestone Energy (JADSF)?

Baillie Gifford & Co acquired 5.01% of voting rights in Jadestone Energy on September 1, 2020.

How many total voting rights does Jadestone Energy have?

Jadestone Energy has a total of 461,542,811 voting rights.

When was Jadestone Energy's shareholder notification made?

The notification was made on September 2, 2020.

What percentage of voting rights does Baillie Gifford hold in Jadestone Energy?

Baillie Gifford holds 5.01% of the voting rights in Jadestone Energy.