Beacon Energy PLC received a notification of major holdings from Tulip Oil Holding BV, a company based in The Hague, The Netherlands. The notification, dated 5th March 2024, indicated that Tulip Oil Holding BV now holds 23.0% of the voting rights attached to shares in Beacon Energy PLC, representing 4,256,246,528 voting rights. This marks a change from the previous notification, where Tulip Oil Holding BV held 31.8% of the voting rights.

The notification specified that the change in the percentage of voting rights held was due to dilution following the issue of new ordinary shares by Beacon Energy PLC. The notification also confirmed that Tulip Oil Holding BV is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in Beacon Energy PLC.

The notification did not include information regarding proxy voting. It was completed in The Hague, The Netherlands. This notification is in accordance with the standard form for the notification of major holdings and is to be sent to the relevant issuer and the Financial Conduct Authority (FCA).

This notification provides insight into the changes in major holdings within Beacon Energy PLC, offering transparency and regulatory compliance in the company's shareholder structure.