Better Capital PCC Limited Holding(s) in Company (3299E)

TIDMBCAP TIDMBC12

RNS Number : 3299E

Better Capital PCC Limited

15 July 2016

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                             Better Capital PCC Limited 
  the underlying issuer                                                                    2012 Cell 
  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                                      Yes 
----------------------------------------------------------------  ---------------------------------- 
 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)                                         Ruffer LLP (for its discretionary 
  subject to the                                                        clients of the Ruffer Group) 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ----------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
---------------------------------------------------------  ----------------------------------------- 
 5. Date of the transaction                                                             14 July 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ----------------------------------------- 
 6. Date on which issuer                                                                15 July 2016 
  notified: 
---------------------------------------------------------  ----------------------------------------- 
 7. Threshold(s) that is/are                                                      5% to less than 5% 
  crossed or 
  reached: (vi, vii) 
---------------------------------------------------------  ----------------------------------------- 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
----------------------------------------------------------------------------------------------------- 
 Class/type       Situation previous        Resulting situation after the 
  of               to the triggering         triggering transaction 
  shares           transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
---------------  ------------------------  ---------------------------------------------------------- 
                  Number       Number       Number       Number of                 % of voting 
                   of           of           of shares    voting                    rights (x) 
                   Shares       Voting                    rights 
                                Rights 
---------------  -----------  -----------  -----------  ------------------------  ------------------- 
                                            Direct       Direct       Indirect     Direct    Indirect 
                                                          (xi)         (xii) 
---------------  -----------  -----------  -----------  -----------  -----------  --------  --------- 
 
 
 
   Ord NPV                                                                         Less 
   (2012 Cell)                                                                      than 
   GG00B4N1RV71   19,253,742   19,253,742   15,454,887   15,454,887   -             5%       - 
                 -----------  -----------  -----------  -----------  -----------  --------  --------- 
 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------- 
 Type of          Expiration   Exercise/                 Number of voting          % of voting 
  financial        date         Conversion                rights that               rights 
  instrument       (xiii)       Period (xiv)              may 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 
  financial        price       date         Conversion    rights instrument         rights (xix, 
  instrument                   (xvii)       period        refers to                 xx) 
                                            (xviii) 
---------------  -----------  -----------  -----------  ------------------------  ------------------- 
                                                                                   Nominal   Delta 
---------------  -----------  -----------  -----------  ------------------------  --------  --------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------- 
 Number of voting rights                    Percentage of voting rights 
-----------------------------------------  ---------------------------------------------------------- 
 15,454,887                                 Less than 5% 
-----------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------ 
 
   N/A 
 
 Proxy Voting: 
------------------------------------------------------------------------------------------ 
 10. Name of the proxy holder:                                                         N/A 
-------------------------------------------------------  --------------------------------- 
 11. Number of voting rights proxy 
  holder will cease 
  to hold: 
-------------------------------------------------------  --------------------------------- 
 12. Date on which proxy holder will 
  cease to hold 
  voting rights: 
-------------------------------------------------------  --------------------------------- 
 
                                                          Ruffer LLP now controls the 
  13. Additional information:                              voting rights over 15,454,887 
                                                           shares (less than 5% of the 
                                                           voting rights) of Better 
                                                           Capital PCC Limited 2012 
                                                           Cell, which are held by the 
                                                           discretionary clients of 
                                                           Ruffer LLP and its subsidiaries 
                                                           (the voting of which is all 
                                                           controlled by Ruffer LLP). 
                                                           This change from 5% to less 
                                                           than 5% is due to the sale 
                                                           of 3,798,855 shares on 14 
                                                           July 2016. 
-------------------------------------------------------  --------------------------------- 
 14. Contact name:                                                          Louise Stanway 
-------------------------------------------------------  --------------------------------- 
 15. Contact telephone number:                                               020 7963 8146 
-------------------------------------------------------  --------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 15, 2016 06:11 ET (10:11 GMT)