Energean PLC received a notification of major holdings from Efstathios Topouzoglou, indicating a change in the percentage of shares. The notification states that the change is due to the admission of 4,422,013 new ordinary shares on 20 December 2023 as a result of the conversion of USD 50 million worth of convertible loan notes from Kerogen Investments No. 38 Limited, as announced on 13 December 2023.
The notification reveals that Efstathios Topouzoglou holds 8.926% of voting rights attached to shares in Energean PLC. This is a decrease from the previous position of 9.06%. The breakdown of the holdings shows that 8.872% is held through Trustena GmbH as trustee to the family trust "The Energy Trust," and 0.054% is held through H.I.L. Hydrocarbon Investments Limited.
The notification provides detailed information about the financial instruments and the chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held. It also includes the date on which the threshold was crossed or reached, the date of completion, and the place of completion, which is London, England.
This notification is in compliance with the standard form for the notification of major holdings and is an important update for shareholders and stakeholders of Energean PLC.