Real Estate Credit Inv. PCC Ltd TR-1: Notification of Major Interest in Shares (0624S)

TIDMRECI TIDMRECP TIDMERII

RNS Number : 0624S

Real Estate Credit Inv. PCC Ltd

18 September 2014

 
 For filings with the FCA 
  include the annex 
 For filings with issuer exclude 
  the annex 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
----------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                    Real Estate Credit Investments 
  the underlying issuer                                                             PCC 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)                                            City Financial Investment 
  subject to the                                                     Company Limited, acting as 
  notification obligation:                                           Investment Manager of City 
  (iii)                                                             Financial Diversified Fixed 
                                                                   Interest Fund, CF IF Pennine 
                                                                Pathfinder Fund & CF IF Pennine 
                                                                  Diversified Fund (merged into 
                                                                     City Financial Multi Asset 
                                                                 Diversified Fund on 27/06/2014 
                                                                    & 08/11/2013 respectively), 
                                                                  CF IF Pennine Dynamic (merged 
                                                                      into City Financial Multi 
                                                                  Asset Growth Fund 27/06/2014) 
                                                               and (City Financial MultiManager 
                                                                  Income Fund (merged into City 
                                                                 Financial Multi Asset Balanced 
                                                                            Fund on 02/10/2013) 
----------------------------------------------------------  ----------------------------------- 
 4. Full name of shareholder(s)                                 BNY Mellon Trust and Depositary 
  (if different from 3.):(iv)                                  as Trustee to the City Financial 
                                                                     Diversified Fixed Interest 
                                                                     Fund, City Financial Multi 
                                                                   Asset Diversified Fund, City 
                                                                   Financial Multi Asset Growth 
                                                                  Fund and City Financial Multi 
                                                                            Asset Balanced Fund 
----------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction                                                13(th) December 2013 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
----------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                                  17(th) September 2014 
  notified: 
----------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                         5% 
----------------------------------------------------------  ----------------------------------- 
 
 
 
 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) 
--------------      -----------    -----------    -------------  ------------  ------------  ------------  ----------- 
 
 
  GB00B0HW5366   3,588,800        3,588,800                                                   5.08% 
                ---------------  ---------------                               ------------  ------------  ----------- 
                                                   3,698,800      3,698,800 
--------------      -----------    -----------    -------------  ------------  ------------      --------    --------- 
 
 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 
--------------------------------------------------  ------------------------------------------------------------------ 
 
   3,698,800                                         5.08% 
--------------------------------------------------  ------------------------------------------------------------------ 
 
 
 
 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                                  N/A 
  holder will cease 
  to hold: 
-------------------------------------------------------  -------------- 
 12. Date on which proxy holder will                                N/A 
  cease to hold 
  voting rights: 
-------------------------------------------------------  -------------- 
 
 
  13. Additional information: 
-------------------------------------------------------  -------------- 
 14. Contact name:                                        Chris Sturdee 
-------------------------------------------------------  -------------- 
 15. Contact telephone number:                            020 7451 9600 
-------------------------------------------------------  -------------- 
 
 

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