Revolymer PLC Holding(s) in Company (5474W)

TIDMREVO TIDMIPO

RNS Number : 5474W

Revolymer PLC

10 February 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                                Revolymer plc 
  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): 
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 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 
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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 
--------------------------------------------------------------------------------------------------- 
 Other (please                                              Acquisition of Parkwalk Advisors by       X 
  specify):                                                 IP Group plc 
---------------------------------------------------------  ---------------------------------------- 
 3. Full name of person(s)                                                  IP Group plc 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s)                                             See section 9 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ------------------------------------------ 
 5. Date of the transaction                                                1 February 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------------ 
 6. Date on which issuer                                                   9 February 2017 
  notified: 
-----------------------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are 
  crossed or                                                          Direct interests: unchanged 
  reached: (vi, vii)                                                Indirect interests: 4% reached 
                                                                     Combined direct and indirect 
                                                                        interests: 15% reached 
-----------------------------------------------------------  ------------------------------------------ 
 
 
 
 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 voting            % of voting 
                 of                          of                of shares      rights                      rights (x) 
                 Shares                      Voting 
                                             Rights 
-------------  --------------------------  ----------------  -------------  --------------------------  -------------------- 
                                                                             Direct        Indirect      Direct    Indirect 
                                                                              (xi)          (xii) 
-------------      ---------  -----------      ------------    -----------  ------------  ------------  --------  ---------- 
 Ordinary 
  1p Shares     11,905,623                  11,905,623                       9,132,273     3,184,850     11.61%    4.05% 
               --------------------------  ----------------                 ------------  ------------  --------  ---------- 
 GB00B84LVH87                                                 12,317,123 
-------------      ---------  -----------      ------------  -------------    ----------    ----------  --------  ---------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration                Exercise/                      Number of voting            % of voting 
 financial           date                      Conversion                     rights that                 rights 
 instrument          (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 
-------------------------------------------------------------  ------------------------------------------------------------- 
 
   12,317,123                                                   15.66% 
-------------------------------------------------------------  ------------------------------------------------------------- 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------------------------------------------------------- 
 
   Direct interests: 
 
   IP2IPO Limited: 9,125,730 
   Top Technology Ventures Limited: 6,543 
 
   IP2IPO Limited and Top Technology Ventures Limited are 
   100%-owned subsidiaries of IP Group plc. 
 
   Indirect interests: 
 
   IP Venture Fund: 2,773,350 
   Share Nominees Limited: 411,500 
 
   IP Venture Fund is a limited partnership fund that is 
   managed by Top Technology Ventures Limited, a 100%-owned 
   subsidiary of IP Group plc. 
 
   Share Nominees Limited is the legal nominee for shares 
   owned by investors in certain Parkwalk Advisors Limited 
   ("Parkwalk") EIS funds. Parkwalk has the discretion 
   to instruct Share Nominees Limited to exercise the voting 
   and other rights attaching to such shares. Parkwalk 
   is a 100%-owned subsidiary of IP Group plc following 
   its acquisition on 31 January 2017. 
 
 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:                                                     This notification relates 
                                                                               to the acquisition of Parkwalk 
                                                                                Advisors Limited by IP Group 
                                                                                            plc. 
 
                                                                                Based on 78,657,948 Ordinary 
                                                                                       Shares in issue 
-------------------------------------------------------------  ------------------------------------------------------------- 
 14. Contact name:                                                                       Greg Smith 
-------------------------------------------------------------  ------------------------------------------------------------- 
 15. Contact telephone number:                                                         020 7444 0050 
-------------------------------------------------------------  ------------------------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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February 10, 2017 02:00 ET (07:00 GMT)