Level 2

Company Announcements

TR-1: Notification of Major Interest in Shares

Related Companies

By LSE RNS

RNS Number : 5802O
Petropavlovsk PLC
21 August 2017
 

 

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):

A change from indirect to direct interest in voting rights following an intra-group transfer

x

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

Renova Assets Ltd.

Renova Holding Ltd.

TZ Columbus Services Limited (as trustee for Columbus Trust)

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


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

18 August 2017

6. Date on which issuer notified:

18 August 2017

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

14%


 

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  ISIN: GB0031544546

483,992,987

14, 7496%

483,992,987

483,992,987

0

14, 7496%

0%


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

n/a






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

 

n/a





Nominal

Delta




Total (A+B+C)

Number of voting rights

Percentage of voting rights

              483,992,987

14, 7640%

 

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

 

On 18 August 2017, Renova Asset Holding Ltd. transferred all of the shares set out in box 8A above to Renova Assets Ltd. Renova Asset Holding Ltd. has filed a separate TR-1 in relation to the disposal of its interest in the shares as a result of the transfer.

 

Renova Asset Holding Ltd. is a direct wholly-owned subsidiary of Renova Assets Ltd. which in turn is 90%-owned by Renova Holding Ltd., which in turn is wholly-owned by TZ Columbus Services Limited, as trustee for Columbus Trust.

 

The interest of each of Renova Assets Ltd., Renova Holding Ltd. and TZ Columbus Services Limited, as trustee for the Columbus Trust, in the shares set out in box 8A above for the situation previous to the transfer remains unchanged as a result of the transfer, except that Renova Assets Ltd. now has a direct, rather than an indirect, interest in the shares.

 

Renova Holding Ltd. has an indirect interest in the shares held by Renova Assets Ltd. by virtue of its 90% holding in Renova Assets Ltd.

 

TZ Columbus Services Limited, as trustee for Columbus Trust, has an indirect interest in the shares held by Renova Assets Ltd. by virtue of its 100% holding in Renova Holding Ltd.

 


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:

Mr. Marco Montanari

15. Contact telephone number:

+1 (242) 326 2150

 

 


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