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Notification of Major Interest in Shares

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RNS Number : 8333Z
Petropavlovsk PLC
15 December 2014
 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underying issuer of existing shares to hich voting rights are attached: ii

 

 

Petropavlovsk PLC

2 Reason for the notification (please tick the appropriate box or boxes):

 

An acquisition or disposal of voting rights


An acquisition or disposal of qualiying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached


An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

 

X

 

An event changing the breakdown of voting rights


Other (please specify):


 

 

3. Full name of person(s) subject to the notification obligation: iii

 

 

Polygon Global Partners LLP Reade Eugene Griffith

 

 

4. Full name of shareholder(s)

(if different from 3.):iv

 

 

 

n/a

5. Date of the transaction and date on hich the threshold is crossed or reached: v

 

9 December 2014

 

6. Date on which issuer notified:

 

11 December 2014

7. Threshold(s) that is/are crossed or reached: vi, vii

 

5%

 

 

  8. Notified details:                                                                                                                                              

A: Voting rights attached to shares viii, ix

Class/type of shares

 

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of

Shares

Number of

Voting

Rights

Number of shares

Number of voting rights

% of  voting rights x

 

Direct

xi

Direct

xii

Indirect

 

Direct

 

Indirect









 

 

B: Qualifying Financial Instruments

 

Resulting situation after the triggering transaction

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






 

 

C: Financial Instruments ith similar economic effect to Qualifying Financial Instruments xv,

xvi

 

Resulting situation after the triggering transaction

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

 

Borrow on contract for difference (GB0031544546)




 

 

10,744,033

 

Nominal

 

Delta


 

5.44%

 

Convertible bond

(XS0482875811)


 

 

2/18/2015

 

 

Until 2/10/2015

 

 

106,507

 

Nominal

 

Delta


 

0.05%

 

 

 

Total (A+B+C)

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:

 

10. Name of the proxy holder:

 

N/a

 

11. Number of voting rights proxy holder ill cease to hold:

 

 

N/a

 

12. Date on hich proxy holder ill cease to hold voting rights:

 

 

N/a

 

13. Additional information:

Polygon Global Partners LLP is the investment manager to a fund, Polygon Convetible Opportunity Master Fund, that holds the positions referred to in this notification.

 

14. Contact name:

 

Benjamin Rah

 

15. Contact telephone number:

 

+1 212 359 7356

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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