Port Erin Biopharma Investments Ltd Holding(s) in Company (5986A)

TIDMPEBI

RNS Number : 5986A

Port Erin Biopharma Investments Ltd

23 December 2014

For immediate release

23 December 2014

Port Erin Biopharma Investments Limited

Holding(s) in Company

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 
-------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying           Port Erin Biopharma Investments 
  issuer                                                                       Limited 
  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                                      X 
-----------------------------------------------------------------------------  ------- 
 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                                           Colin Lee 
  to the 
  notification obligation: (iii) 
--------------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
--------------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date                                        22/12/2014 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:                                          22/12/2014 
--------------------------------------------  ---------------------------------------- 
 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      Situation previous                   Resulting situation after the triggering 
 of               to the triggering                    transaction 
 shares           transaction 
 
 if possible 
 using 
 the ISIN CODE 
--------------  -----------------------------------  -------------------------------------------------------------------- 
                 Number           Number              Number        Number of voting          % of voting rights 
                  of               of                  of shares     rights                    (x) 
                  Shares           Voting 
                                   Rights 
--------------  ---------------  ------------------  ------------  ------------------------  ---------------------------- 
                                                      Direct        Direct         Indirect   Direct          Indirect 
                                                                     (xi)           (xii) 
--------------    ----  -------  ------  -----  ---  ------------  -------------  ---------  --------------  ------------ 
 
  Ordinary 
  0.0001p 
 
  IM00B6QH1J21   1,648,358        1,648,358           1,817,794     1,817,794                 5.37% 
                ---------------  ------------------  ------------  -------------  ---------  --------------  ------------ 
 
 
 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 
---------------------------------------------------------------  -------------------------------------------------------- 
 1,817,794                                                        5.37% 
---------------------------------------------------------------  -------------------------------------------------------- 
 
 
 
 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: 
--------------------------------------------------  --------------------------- 
 
 
  13. Additional information: 
---------------------------------------  -------------------------------------- 
 14. Contact name:                                                    Colin Lee 
---------------------------------------  -------------------------------------- 
 15. Contact telephone number: 
---------------------------------------  -------------------------------------- 
 
 

For further information, please contact:

 
 Port Erin Biopharma Investments   Beaumont Cornish Limited   Peterhouse Capital 
  Limited                                                      Limited 
 The Company                       Nomad                      Broker 
 
 Denham Eke                        Roland Cornish             Lucy Williams 
  [phone]                  [phone]           [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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