Mercantile Ports & Logistics Ltd TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (4530Q)

TIDMMPL TIDMLGEN

RNS Number : 4530Q

Mercantile Ports & Logistics Ltd

29 November 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or                                   Mercantile Ports and Logistics 
  the underlying issuer                                                     Limited 
  of existing shares to which                                       (Previously Skil Port & 
  voting rights are                                                    Logistics Limited) 
  attached: 
------------------------------------------------------------  ---------------------------------- 
 2. Reason for the notification (please tick the appropriate 
  box or boxes): 
------------------------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights                                   Yes 
---------------------------------------------------------------  ------------------------------- 
 
   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                              Yes 
---------------------------------------------------------------  ------------------------------- 
 
   Other (please 
   specify): 
--------------------------------------------------------  -----  ------------------------------- 
 3. Full name of person(s)                                        Legal & General Group Plc 
  subject to the                                                            (L&G) 
  notification obligation: 
----------------------------------------------------------  ------------------------------------ 
 4. Full name of shareholder(s)                                   Legal & General Assurance 
  (if different from 3.):                                       Society Limited (LGAS & LGPL) 
----------------------------------------------------------  ------------------------------------ 
                                                                      25 November 2016 
   5. Date of the transaction 
   and date on 
   which the threshold is 
   crossed or 
   reached: 
----------------------------------------------------------  ------------------------------------ 
 6. Date on which issuer                                              29 November 2016 
  notified: 
----------------------------------------------------------  ------------------------------------ 
 7. Threshold(s) that is/are                                         L&G (From 7% to 8%) 
  crossed or 
  reached: 
----------------------------------------------------------  ------------------------------------ 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares 
------------------------------------------------------------------------------------------------------------------------ 
 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 of voting              % of voting 
                     of                of                                    rights                      rights 
                   Shares            Voting 
                                     Rights 
------------  ----------------  ----------------                  ---------------------------  ------------------------- 
                                                      Number          Direct        Indirect      Direct       Indirect 
                                                     of shares 
------------      ------------      ------------  --------------  --------------  -----------  ------------  ----------- 
 
 
 ORD NPV                    3,238,368                33,480,303      33,480,303        -           8.71%          - 
------------  ----------------------------------  --------------  --------------  -----------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------ 
                                                                     Number of voting 
  Type of            Expiration        Exercise/                      rights that                     % of voting 
  financial          date              Conversion                     may be                          rights 
  instrument                           Period                         acquired if 
                                                                      the 
                                                                      instrument 
                                                                      is 
                                                                      exercised/ 
                                                                      converted. 
----------------  ----------------  ------------------------------  -----------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------ 
 
  Type of          Exercise          Expiration       Exercise/      Number of voting               % of voting 
  financial        price             date             Conversion     rights instrument              rights 
  instrument                                          period         refers to 
--------------  ----------------  ----------------  ------------  -----------------------------  ----------------------- 
                                                                                                    Nominal      Delta 
--------------  ----------------  ----------------  ------------  -----------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  ------------------------------------------------------ 
 
                            33,480,303                                                     8.71% 
----------------------------------------------------------------  ------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
-------------------------------------------------------------------------------------------------------------------- 
                                                                               Legal & General Group Plc (Direct and 
                                                                            Indirect) (Group) ( 69,965,097 -18.21% = 
                                                                                                     Total Position) 
                                                                               Legal & General Investment Management 
                                                                              (Holdings) Limited (LGIMH) (Direct and 
                                                                                              Indirect) ( 69,965,097 
                                                                                           - 18.21%= Total Position) 
                                                                               Legal & General Investment Management 
                                                                            Limited (Indirect) (LGIM) ( 69,965,097 - 
                                                                                                      18.21% = Total 
                                                                                                           Position) 
                                                                               Legal & General (Unit Trust Managers) 
                                                                                  Limited ( 36,484,794 - 9.50%= UTM) 
                                    Legal & General Group Plc (Direct) (L&G) ( 33,480,303 - 8.71%= LGAS, LGPL & PMC) 
                              Legal & General Investment Management       Legal & General Insurance Holdings Limited 
                                           (Holdings) Limited (Direct) (LGIMHD)        (Direct) (LGIH) (LGAS & LGPL) 
                                                                                                               (PMC) 

                               Legal & General Assurance (Pensions         Legal & General Assurance Society Limited 
                                             Management) Limited (PMC) (PMC)             (LGAS & LGPL) (LGAS & LGPL) 
                                                                           Legal & General Pensions Limited (Direct) 
                                                                                                              (LGPL) 
 
 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: 
-----------------------------------------------------------------------------  ------------------------------------- 
 
                                                                                    Notification using the total 
  13. Additional information:                                                    voting rights figure of 384,017,699 
-----------------------------------------------------------------------------  ------------------------------------- 
 14. Contact name:                                                                     Victoria Davies (LGIM) 
-----------------------------------------------------------------------------  ------------------------------------- 
 15. Contact telephone number:                                                             029 2035 4147 
-----------------------------------------------------------------------------  ------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 29, 2016 08:46 ET (13:46 GMT)