Duke Royalty Limited Holding(s) in Company (5092A)

TIDMDUKE

RNS Number : 5092A

Duke Royalty Limited

24 March 2017

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
-------------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                                          DUKE ROYALTY LIMITED 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
-------------------------------------------------------------------------  ----------------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
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 An acquisition or disposal of voting rights                                                   ü 
-----------------------------------------------------------------------------  ------------------------------------- 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
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 An acquisition or disposal of instruments with similar economic 
  effect to qualifying financial instruments 
-----------------------------------------------------------------------------  ------------------------------------- 
 An event changing the breakdown of voting rights                                              ü 
-----------------------------------------------------------------------------  ------------------------------------- 
 Other (please 
  specify): 
-------------------------------------------------------------------  --------  ------------------------------------- 
 3. Full name of person(s) subject                                                 HARGREAVE HALE LIMITED 
  to the 
  notification obligation: (iii) 
---------------------------------------------------------------------  --------------------------------------------- 
 4. Full name of shareholder(s)                                                    DISCRETIONARY CLIENTS 
  (if different from 3.):(iv) 
---------------------------------------------------------------------  --------------------------------------------- 
 5. Date of the transaction and date                                                   23 MARCH 2017 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
---------------------------------------------------------------------  --------------------------------------------- 
 6. Date on which issuer notified:                                                     24 MARCH 2017 
---------------------------------------------------------------------  --------------------------------------------- 
 7. Threshold(s) that is/are crossed                                        5%, 10%, 11%, 12%, 13%, 14%, 15% and 
  or                                                                                         16% 
  reached: (vi, vii) 
---------------------------------------------------------------------  --------------------------------------------- 
 
 
 
 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       Indirect        Direct     Indirect      Direct     Indirect 
                                                                                 (xi)       (xii) 
-------------      -----------      ------------  -----------  --------------  ---------  ------------  ---------  --------- 
 GB00BYZSSY63   0                0                              7,500,000                  7,500,000                16.5280% 
               ---------------  ----------------  -----------  --------------  ---------  ------------  ---------  --------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration       Exercise/                      Number of voting                     % of voting 
 financial           date (xiii)      Conversion Period              rights that may                      rights 
 instrument                           (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 
---------------------------------------------------------------  ----------------------------------------------------------- 
 7,500,000                                                        16.5280% 
---------------------------------------------------------------  ----------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------------------------------------------- 
 All of these shares are held for a unit trust operated by Marlborough 
  Fund Managers Ltd, for whom Hargreave Hale Ltd manages the investments 
  on a discretionary basis. 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
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 11. Number of voting rights proxy holder will 
  cease 
  to hold: 
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 12. Date on which proxy holder will cease to 
  hold 
  voting rights: 
-------------------------------------------------------------------------  ----------------------------------------- 
 
                                                                            The change in the percentage of shares 
  13. Additional information:                                               held is due entirely to participation 
                                                                            in the placing by Duke Royalty Limited, 
                                                                            the shares from which were admitted 
                                                                            to AIM on 23/03/2017. 
-------------------------------------------------------------------------  ----------------------------------------- 
 14. Contact name:                                                          David Clueit, 
                                                                             Hargreave Hale Ltd 
-------------------------------------------------------------------------  ----------------------------------------- 
 15. Contact telephone number:                                              01253 754739 
-------------------------------------------------------------------------  ----------------------------------------- 
 
 

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March 24, 2017 10:55 ET (14:55 GMT)