Black Sea Property Fund Limited Holding(s) in Company (6129V)

TIDMBKSA

RNS Number : 6129V

Black Sea Property Fund Limited

10 August 2015

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
-------------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                                     The Black Sea Property Fund Limited 
  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                                                  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                                              Mutual Fund COMPASS PROGRESS, Mutual 
  to the                                                                       Fund COMPASS STRATEGY and Mutual Fund 
  notification obligation: (iii)                                           COMPASS EUROSTABILITY, managed by COMPASS 
                                                                                                          INVEST JSC 
-------------------------------------------------------------------  ----------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-------------------------------------------------------------------  ----------------------------------------------- 
 5. Date of the transaction and date                                                                   7 August 2015 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
-------------------------------------------------------------------  ----------------------------------------------- 
 6. Date on which issuer notified:                                                                     7 August 2015 
-------------------------------------------------------------------  ----------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                                             19% 
-------------------------------------------------------------------  ----------------------------------------------- 
 
 
 
 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 
                 of               of                of shares       rights                        rights (x) 
                 Shares           Voting 
                                  Rights 
-------------  ---------------  ----------------  --------------  ----------------------------  ---------------------- 
                                                   Direct          Direct (xi)    Indirect       Direct     Indirect 
                                                                                  (xii) 
-------------      -----------    ------------    --------------  -------------  -------------  ---------  ----------- 
 GB00B068H734   27,936,000       27,936,000        72,936,000      72,936,000                    19.98% 
               ---------------  ----------------  --------------  -------------  -------------  ---------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration     Exercise/                         Number of        % of voting 
 financial           date (xiii)    Conversion Period                voting            rights 
 instrument                         (xiv)                            rights that 
                                                                     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        % of voting rights 
 financial         price         date (xvii)     Conversion        voting            (xix, xx) 
 instrument                                      period (xviii)    rights 
                                                                   instrument 
                                                                   refers to 
---------------  -------------  --------------  ----------------  ---------------  ----------------------------------- 
                                                                                    Nominal        Delta 
---------------  -------------  --------------  ----------------  ---------------  -------------  -------------------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                             Percentage of voting rights 
--------------------------------------------------  ------------------------------------------------------------------ 
 72,936,000                                          19.98% 
--------------------------------------------------  ------------------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------------------------ 
 
                                    Mutual Fund COMPASS PROGRESS; 39290400 voting rights; 10.76% 
                                     Mutual Fund COMPASS STRATEGY; 20360590 voting rights; 5.58% 
                                Mutual Fund COMPASS EUROSTABILITY; 13285010 voting rights; 3.64% 
 
 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:                                                                  Ivo Angarski 
----------------------------------------------------------------------------  ------------------ 
 15. Contact telephone number:                                                 [phone] 
----------------------------------------------------------------------------  ------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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