Holding(s) in Company (3016O)

TIDMPEBI

RNS Number : 3016O

Port Erin Biopharma Investments Ltd

15 September 2011

 
 
 
 
 TR-1 : NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the                   PORT ERIN BIOPHARMA 
 underlying issuer of existing shares to 
 which voting rights are attached: (ii) 
------------------------------------------  ---------------------------------- 
 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)                    CITY EQUITIES LIMITED 
 subject to the notification 
 obligation: (iii) 
--------------------------------  -------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
--------------------------------  -------------------------------------------- 
 5. Date of the transaction and      15 SEPTEMBER 2011 PLACING PARTICIPATION 
 date on which the threshold is         15 SEPTEMBER 2011 ADMISSION TO AIM 
 crossed or reached: (v) 
--------------------------------  -------------------------------------------- 
 6. Date on which issuer                        15 SEPTEMBER 2011 
 notified: 
--------------------------------  -------------------------------------------- 
 7. Threshold(s) that is/are                  ABOVE 4% TO BELOW 3% 
 crossed or reached: (vi, vii) 
--------------------------------  -------------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------- 
 Class/type of 
 shares if 
 possible        Situation previous 
 using the        to the triggering                   Resulting situation after the triggering 
 ISIN CODE        transaction                          transaction 
--------------  -----------------------------------  ----------------------------------------------------------- 
                                     Number 
                 Number               of              Number 
                  of                  Voting          of       Number of voting       % of voting rights 
                  Shares              Rights          shares    rights                 (x) 
--------------  ------------------  ---------------  -------  ---------------------  --------------------------- 
                                                               Direct      Indirect 
                                                      Direct    (xi)        (xii)     Direct         Indirect 
--------------  ----  -----  -----  ---  ---  -----  -------  ----------  ---------  -------------  ------------ 
 IM00B6QH1J21    1,500,000           1,500,000        NIL      NIL         NIL        NIL            NIL 
                ------------------  ---------------  -------  ----------  ---------  -------------  ------------ 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------- 
 Type of financial     Expiration         Exercise/                Number of voting            % of voting 
  instrument            date (xiii)        Conversion Period        rights that may             rights 
                                           (xiv)                    be 
                                                                    acquired if the 
                                                                    instrument is 
                                                                    exercised/ converted. 
--------------------  -----------------  -----------------------  --------------------------  ------------------ 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------- 
 Type of         Exercise     Expiration       Exercise/       Number of voting           % of voting rights 
  financial       price        date (xvii)      Conversion      rights instrument          (xix, xx) 
  instrument                                    period          refers to 
                                                (xviii) 
--------------  -----------  ---------------  --------------  -------------------------  ----------------------- 
                                                                                          Nominal     Delta 
--------------  -----------  ---------------  --------------  -------------------------  ----------  ----------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                      Percentage of voting rights 
-----------------------------------------------------------  --------------------------------------------------- 
 NIL                                                          NIL 
-----------------------------------------------------------  --------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------ 
 
 
 Proxy Voting: 
------------------------------------------------------------------------------ 
 10. Name of the proxy holder: 
------------------------------------------------  ---------------------------- 
 11. Number of voting rights proxy holder will 
  cease 
  to hold: 
------------------------------------------------  ---------------------------- 
 12. Date on which proxy holder will cease to 
  hold 
  voting rights: 
------------------------------------------------  ---------------------------- 
 
                                      Shares acquired in the Company's 
                                      Placing, announced on 15 September 2011. 
                                      Shares have been sold to certain 
                                      clients, with City Equities Limited 
 13. Additional information:          acting as Principal. 
-----------------------------------  ----------------------------------------- 
 14. Contact name:                                   WENYI LIU 
-----------------------------------  ----------------------------------------- 
 15. Contact telephone number:                      02074895562 
-----------------------------------  ----------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLLAMMTMBBBBTB