Better Capital PCC Limited Holding(s) in Company (1203R)

TIDMBCAP TIDMBC12

RNS Number : 1203R

Better Capital PCC Limited

06 December 2016

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                       Better Capital PCC Limited 
  the underlying issuer                                                              2009 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                                                   05 December 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                                      06 December 2016 
  notified: 
---------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                23% to 22% 
---------------------------------------------------------  ----------------------------------- 
 
 
 
 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) 
--------------      -----------    -----------    -------------  -------------  -----------  ------------  ----------- 
 
 
 
  GB00B5885941   48,233,430       48,233,430       47,233,430     47,233,430     -            22%           - 
                ---------------  ---------------  -------------  -------------  -----------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration     Exercise/                       Number of voting              % of voting 
  instrument          date           Conversion                      rights that                   rights 
                      (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 
--------------------------------------------------  ------------------------------------------------------------------ 
 47,233,430                                          22% 
--------------------------------------------------  ------------------------------------------------------------------ 
 
 
 
 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 47,233,430 
                                                           shares (22% of the voting 
                                                           rights) of Better Capital 
                                                           PCC Limited 2009 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 23% to 22% 
                                                           is due to the sale of 1,000,000 
                                                           shares on 05 December 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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December 06, 2016 10:45 ET (15:45 GMT)