Palace Capital PLC Holding(s) in Company (4867K)

TIDMPCA

RNS Number : 4867K

Palace Capital PLC

07 July 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                               PALACE CAPITAL 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): 
---------------------------------------------------------------------------------------------- 
 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 
--------------------------------------------------------------  ------------------------------ 
 Other (please 
  specify): 
-------------------------------------------------------  -----  ------------------------------ 
 3. Full name of person(s)                                                   Polar Capital LLP 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ----------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
---------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction                                                         06.07.2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                                            07.07.2017 
  notified: 
---------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are                                                              <10% 
  crossed or 
  reached: (vi, vii) 
---------------------------------------------------------  ----------------------------------- 
 
 
 
 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) 
--------------  -----------  -----------  -----------  ----------  ------------  --------  --------- 
 GB00B3W40C23                                                                     9.49% 
                                                                   ------------  --------  --------- 
                 2,737,637    2,737,637    2,387,637    2,387,637 
--------------  -----------  -----------  -----------  ----------  ------------  --------  --------- 
 
 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. 
--------------  -----------  ------------------------  ------------------------  ------------------- 
 n/a 
--------------  -----------  ------------------------  ------------------------  ------------------- 
 
 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) 
--------------  -----------  -----------  -----------  ------------------------  ------------------- 
 n/a                                                                              Nominal   Delta 
--------------  -----------  -----------  -----------  ------------------------  --------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------- 
 Number of voting rights                   Percentage of voting rights 
----------------------------------------  ---------------------------------------------------------- 
 2,387,637                                 9.49% 
----------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------------------------------- 
 
 
 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:                                    Polar Capital LLP - Operations 
                                                                                     Department 
-------------------------------------------------------------  -------------------------------- 
 14. Contact name:                                                                Stephen Amoah 
-------------------------------------------------------------  -------------------------------- 
 15. Contact telephone number:                                              [phone] 
-------------------------------------------------------------  -------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLEADXXEDPXEFF

(END) Dow Jones Newswires

July 07, 2017 09:40 ET (13:40 GMT)