Upgrade Now

Company Announcements

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

Related Companies

RNS Number : 6422O
Petropavlovsk PLC
29 May 2015
 

 




TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi



1. Identity of the issuer or the underlying issuer
of existing shares to which 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 qualifying 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

✓

An event changing the breakdown of voting rights


Other (please specify):



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

Ashmore Investment Management Limited
Ashmore Investment Advisors Limited

4. Full name of shareholder(s)
 (if different from 3.):iv

ARIA Co Pty Ltd as trustee for the ARIA Alternative Assets Trust

 

Ashmore Emerging Markets Corporate High Yield Fund Limited

 

Ashmore Funds, a Massachusetts Business Trust, on behalf of Ashmore Emerging Markets Corporate Debt Fund

 

Ashmore SICAV in respect of Ashmore SICAV Emerging Markets High Yield Corporate Debt Fund

 

Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Corporate Debt Fund

 

City National Rochdale Fixed Income Opportunities Fund

 

Northrop Grumman Pension Master Trust

 

Ashmore Emerging Markets Distressed Debt Fund Limited

 

Ashmore EM Russian Debt Fund IC Limited

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

26 May 2015

6. Date on which issuer notified:

28 May 2015

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

Direct xi

Indirect xii

Direct

Indirect

Ordinary shares








Shareholders managed by Ashmore Investment Advisors Limited

0

0

35,700,648

35,700,648


1.08%


Shareholders managed by Ashmore Investment Management Limited

0

0

117,302,128

117,302,128


3.55%




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 with 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

 

Convertible Bond

 

£0.0826/ US$0.1253

18th March 2020

from 28 April 2015 to 6 business days before maturity on 18th March 2020

22,543,648

 

Nominal

Delta

0.688%



Total (A+B+C)

Number of voting rights

Percentage of voting rights

175,546,424

 

5.35%

 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi

Ashmore Investment Advisors Limited acts as investment manager with full investment discretion and effective voting control of the following entities, which hold Ordinary Shares in the issuer:

 

·      Ashmore Emerging Markets Corporate High Yield Fund Limited

·      Ashmore Funds, a Massachusetts Business Trust, on behalf of Ashmore Emerging Markets Corporate Debt Fund

 

Ashmore Investment Advisors Limited acts as investment manager with full investment discretion and effective voting control of the following entities, which hold Convertible Bonds convertible into Ordinary Shares of the issuer:

 

·      Ashmore Emerging Markets Distressed Debt Fund Limited

·      Ashmore EM Russian Debt Fund IC Limited

 

Ashmore Investment Management Limited acts as investment manager with full investment discretion and effective voting control of the following entities, which hold Ordinary Shares in the issuer:

 

·      Aria Co Pty Ltd as trustee for Aria Alternative Assets Trust

·      Ashmore SICAV in respect of Ashmore SICAV Ashmore Emerging Markets High Yield Corporate Debt Fund

·      Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Corporate Debt Fund

·      City National Rochdale Fixed Income Opportunities Fund

·      Northrop Grumman Pension Master Trust

 

Ashmore Investment Management Limited acts as investment manager with full investment discretion and effective voting control of the following entities, which hold Convertible Bonds convertible into Ordinary Shares the issuer:

 

·    Northrop Grumman Pension Master Trust


Proxy Voting:

10. Name of the proxy holder:

N/A

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

N/A

12. Date on which proxy holder will cease to hold
voting rights:

N/A



13. Additional information:



14. Contact name:

Alexandra Autrey

15. Contact telephone number:

+44 20 3077 6000

 


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

Top of Page