Faron Pharmaceuticals Oy Notification of Major Interest in Shares (0225M)

TIDMFARN

RNS Number : 0225M

Faron Pharmaceuticals Oy

07 October 2016

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                          Faron Pharmaceuticals Oy 
  the underlying 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 
--------------------------------------------------------------------------------------------------  ---- 
 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                                            Disclosure as per Company's Articles       Yes 
  specify):                                               of Association 
-------------------------------------------------------  -----------------------------------------  ---- 
 3. Full name of person(s)                                                     City Financial Investment 
  subject to the                                                              Company Limited, acting as 
  notification obligation:                                             Investment Manager and Authorised 
  (iii)                                                                        Corporate Director of the 
                                                                          City Financial Absolute Equity 
                                                                                                    Fund 
---------------------------------------------------------  --------------------------------------------- 
 4. Full name of shareholder(s)                             BNY Mellon Trust and Depositary 
  (if different from 3.):(iv)                                as Trustee to the City Financial 
                                                             Absolute Equity Fund 
---------------------------------------------------------  --------------------------------------------- 
 5. Date of the transaction                                                                    21.9.2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  --------------------------------------------- 
 6. Date on which issuer                                    4.10.2016 
  notified: 
---------------------------------------------------------  --------------------------------------------- 
 7. Threshold(s) that is/are                                Above 3%, 3.80% 
  crossed or 
  reached: (vi, vii) 
---------------------------------------------------------  --------------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type      Situation                         Resulting situation after the triggering 
  of              previous                          transaction 
  shares          to the triggering 
                  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        Indirect      Direct        Indirect 
                                                                   (xi)          (xii) 
--------------      -----------      -----------  -------------  ------------  ------------  ------------  ----------- 
 
 Ordinary 
 Shares 
 FI40000153309   zero             zero             1,000,000      1,000,000     zero          3.80%         zero 
--------------  ---------------  ---------------  -------------  ------------  ------------  ------------  ----------- 
 
 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 
---------------------------------------------------------------  ----------------------------------------------------- 
 1,000,000                                                        3.80% 
---------------------------------------------------------------  ----------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------------------------------- 
 
   The voting rights are managed and controlled by City 
   Financial Investment Company Limited, Investment manager 
   and ACD to the City Financial Absolute Equity Fund. 
 
 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:                                           Notification using the total 
                                                                  voting rights figure of 26,311,704 
-------------------------------------------------------------  ------------------------------------- 
 14. Contact name:                                              Chris Sturdee 
-------------------------------------------------------------  ------------------------------------- 
 15. Contact telephone number:                                  [phone] 
-------------------------------------------------------------  ------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 07, 2016 08:41 ET (12:41 GMT)