TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii |
Petropavlovsk PLC |
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2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
X |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to the notification obligation: iii |
Polygon Global Partners LLP Reade Eugene Griffith |
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4. Full name of shareholder(s) (if different from 3.):iv |
n/a |
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5. Date of the transaction and date on which the threshold is crossed or reached: v |
9 December 2014 |
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6. Date on which issuer notified: |
11 December 2014 |
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7. Threshold(s) that is/are crossed or reached: vi, vii |
5% |
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8. Notified details: |
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A: Voting rights attached to shares viii, ix |
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Class/type of shares
if possible using the ISIN CODE |
Situation previous to the triggering transaction |
Resulting situation after the triggering transaction |
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Number of Shares |
Number of Voting Rights |
Number of shares |
Number of voting rights |
% of voting rights x |
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Direct |
xi Direct |
xii Indirect |
Direct |
Indirect |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial instrument |
Expiration date xiii |
Exercise/ Conversion Period xiv |
Number of voting rights that may be acquired if the instrument is exercised/ converted. |
% of voting rights |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi |
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Resulting situation after the triggering transaction |
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Type of financial instrument |
Exercise price |
Expiration date xvii |
Exercise/ Conversion period xviii |
Number of voting rights instrument refers to |
% of voting rights xix, xx |
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Borrow on contract for difference (GB0031544546) |
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10,744,033 |
Nominal |
Delta |
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5.44% |
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Convertible bond (XS0482875811) |
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2/18/2015 |
Until 2/10/2015 |
106,507 |
Nominal |
Delta |
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0.05% |
Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
10,850,540 |
5.49% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi |
Reade Griffith holds a majority of the voting rights in Polygon Global Partners LLP. Consequently, Polygon Global Partners LLP is a "controlled undertaking" in relation to Mr. Griffith. |
Proxy Voting: |
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10. Name of the proxy holder: |
N/a |
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11. Number of voting rights proxy holder will cease to hold: |
N/a |
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12. Date on which proxy holder will cease to hold voting rights: |
N/a |
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13. Additional information: |
Polygon Global Partners LLP is the investment manager to a fund, Polygon Convertible Opportunity Master Fund, that holds the positions referred to in this notification. |
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14. Contact name: |
Benjamin Rah |
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15. Contact telephone number: |
+1 212 359 7356 |
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