TR-1: Notification of Major Holdings
16 June 2025 – Singapore: Jadestone Energy plc (AIM:JSE) (the “Company” and together with its subsidiaries, “Jadestone” or the “Group”), an independent upstream production and development company focused on the Asia-Pacific region, announces that it has been notified that Tyrus Capital, S.A.M, has increased its shareholding in the Company from 26.59% to 27.42%.
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 at- tached ii: |
Jadestone Energy Plc |
|
| 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 | 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 obligation iv | ||
| Name | Tyrus Capital, S.A.M | |
| City and country of registered office (if applicable) | Monaco | |
| 4. Full name of shareholder(s) (if different from 3.) v | ||
|
Name |
Tyrus Capital Special Situations Master Fund Sarl, SICAV-RAIF, TC Six Limited, TC Special Private Equity Opportunities IV Limited | |
| City and country of registered office (if applicable) | Grand Cayman, Cayman Islands (for TC Six Limited and TC Special Private Equity Opportunities IV Limited) and Luxembourg (for Tyrus Capital Special Situations Master Fund Sarl, SICAV-RAIF)
|
|
| 5. Date on which the threshold was crossed or reached vi: | 11 June 2025 | ||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 13 June 2025 | ||||
| 7. Total positions of person(s) subject to the notification obligation | |||||
| % of voting rights at- tached to shares (to- tal of 8. A) | % of voting rights through financial instru- ments
(total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) |
Total number of voting rights held
in issuer (8.A + 8.B) vii |
||
| Resulting situation on the date on which
threshold was crossed or reached |
27.41518% |
0.00000% |
27.41518% |
148,346,519 |
|
| Position of previous notification (if applicable) |
26.59383% |
0.00000% |
26.59383% |
||
| 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii | ||||||
| A: Voting rights attached to shares | ||||||
| Class/type of shares
ISIN code (if possible) |
Number of voting rights ix | % of voting rights | ||||
| Direct
(DTR5.1) |
Indirect
(DTR5.2.1) |
Direct
(DTR5.1) |
Indirect
(DTR5.2.1) |
|||
| GB00BLR71299 | 0 | 148,346,519 | 0.00000% | 27.41518% | ||
| SUBTOTAL 8. A | 148,346,519 | 27.41518% | ||||
| B 1: Financial Instruments according to DTR5.3.1R (1) (a) | ||||||
| Type of financial in- strument | Expiration date x | Exercise/ Conversion Period xi | 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 DTR5.3.1R (1) (b) | ||||||
| Type of financial instrument | Expiration date x | Exercise/
Conversion Pe- riod xi |
Physical or
cash Settlement xii |
Number of voting rights |
% of voting rights |
|
| 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) issuer xiii | ||||
| 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 entity (please add additional rows as necessary) xiv |
||||
|
Name xv |
% of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial in- struments 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 information xvi |
| Place of completion | London, United Kingdom |
| Date of completion | 12 June 2025 |
-ends-
For further information, please contact:
| Jadestone Energy plc | |
| Phil Corbett, Head of Investor Relations | +44 (0) 7713 687467 (UK) |
| ir@jadestone-energy.com | |
| Stifel Nicolaus Europe Limited (Nomad, Joint Broker) | +44 (0) 20 7710 7600 (UK) |
| Callum Stewart | |
| Jason Grossman | |
| Ashton Clanfield | |
| Berenberg (Joint Broker) | +44 (0) 20 3757 4980 (UK) |
| Ciaran Walsh | |
| Dan Gee-Summons | |
| Yasmina Benchekroun | |
| Camarco (Public Relations Advisor) | +44 (0) 203 757 4980 (UK) |
| Billy Clegg | jse@camarco.co.uk |
| Georgia Edmonds | |
| Poppy Hawkins |
About Jadestone Energy
Jadestone Energy plc is an independent upstream company focused on the Asia-Pacific region. It has a balanced and increasingly diversified portfolio of production and development assets in Australia, Malaysia, Indonesia and Vietnam, all stable jurisdictions with a positive upstream investment climate.
The Company is pursuing a strategy to grow and diversify the Company’s production base both organically, through developments such as Nam Du/U Minh in Vietnam and the Puteri Cluster offshore Malaysia, as well as through acquisitions that fit within Jadestone’s financial framework and play to the Company’s strengths in managing maturing oil assets. Jadestone delivers value in its acquisition strategy by enhancing returns through operating efficiencies, cost reductions and increased production through further investment.
Jadestone is a responsible operator and well positioned for the energy transition through its increasing gas production, by maximising recovery from existing brownfield developments and through its Net Zero pledge on Scope 1 & 2 GHG emissions from operated assets by 2040. This strategy is aligned with the IEA Net Zero by 2050 scenario, which stresses the necessity of continued investment in existing upstream assets to avoid an energy crisis and meet demand for oil and gas through the energy transition.
Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market of the London Stock Exchange (AIM: JSE). The Company is headquartered in Singapore. For further information on the Company please visit www.jadestone-energy.com.
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
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