Chenavari Capital Solutions Limited Holding(s) in Company (7560R)

TIDMCCSL

RNS Number : 7560R

Chenavari Capital Solutions Limited

25 September 2017

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or                                         Chenavari Capital Solutions 
  the underlying 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 to the                                                   Baring Asset Management Limited 
  notification obligation:                                                     ("BAML") 
  (iii) 
                                                                     Baring Fund Managers Limited 
                                                                               ("BFM") 
 
                                                                    Baring Asset Management (Asia) 
                                                                           Limited ("BAMA") 
 
                                                                      Baring INTL Fund Managers 
                                                                      (Ireland) Limited ("BFMI") 
-----------------------------------------------------------  ----------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ----------------------------------------- 
 5. Date of the transaction                                             4(th) September 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------------------- 
 6. Date on which issuer                                               22(nd) September 2017 
  notified: 
-----------------------------------------------------------  ----------------------------------------- 
 7. Threshold(s) that is/are                                         Holding has gone above 10% 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  ----------------------------------------- 
 
 
 
          8. Notified details: 
 
           Estera Administration (Guernsey) Ltd 
           Old Bank Chambers, La Grande Rue, 
           St Martin's, Guernsey, 
           Channel Islands, GY4 6RT 
 
           Serena Tremlett & Melanie Torode 
           [e-mail] / [e-mail] 
----------------------------------------------------------------------------------------------------------------------- 
 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 voting                % of voting 
                 of                of             of           rights                          rights (x) 
                 Shares            Voting         shares 
                                   Rights 
--------------  ---------------  -------------  -----------  ------------------------------  -------------------------- 
                                                 Direct       Direct           Indirect       Direct     Indirect 
                                                              (xi)              (xii) 
--------------      -----------    -----------  -----------  ---------------  -------------  ---------  --------------- 
                      N/A                           N/A            N/A                          N/A          6.46% 
 
                       N/A                           N/A            N/A                          N/A          2.92% 
  GG00BF5KFD71 
                       N/A                           N/A            N/A                          N/A          0.28% 
 
                       N/A                           N/A            N/A                          N/A          0.43% 
 
                       N/A                           N/A            N/A                          N/A         10.09% 
                ---------------                 -----------  ---------------                 ---------  --------------- 
                                                                                7,572,446 
                                                                                  (BAM) 
 
                                                                                3,427,199 
                                                                                  (BFM) 
                                      N/A 
                                                                                 328,151 
                                       N/A                                        (BAMA) 
 
                                       N/A                                       500,345 
                                                                                  (BFMI) 
                                       N/A 
                                                                                11,828,141 
                                       N/A                                       (Total) 
--------------      -----------  -------------  -----------      -----------  -------------    -------  --------------- 
 
 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        % of voting 
 financial          price         date            Conversion    voting            rights (xix, 
 instrument                       (xvii)          period        rights            xx) 
                                                  (xviii)       instrument 
                                                                refers to 
----------------  -------------  -------------  -------------  ---------------  --------------------------------------- 
                                                                                 Nominal                 Delta 
----------------  -------------  -------------  -------------  ---------------  ----------------------  --------------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                      Percentage of voting rights 
-----------------------------------------------------------  ---------------------------------------------------------- 
 7,572,446 (BAM) 
                                                                6.46% (BAM) 
  3,427,199 (BFM) 
                                                                2.92% (BFM) 
  328,151 (BAMA) 
                                                                0.28% (BAMA) 
  500,345 (BFMI) 

                                                                0.43% (BFMI) 
  11,828,141 (Total) 
                                                                10.09% (Total) 
-----------------------------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------------------- 
 
                            Baring Asset Management Limited ("BAM") - 11,828,141 
                                                                        (10.09%) 
 
                        The percentage of holdings noted above is based on total 
                                              outstanding shares of 117,253,944. 
 
 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:                                              Thomas Brockbank 
-------------------------------------------------------------  ----------------- 
 15. Contact telephone number:                                  [phone] 
-------------------------------------------------------------  ----------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 25, 2017 12:30 ET (16:30 GMT)