Petropavlovsk PLC TR-1: Notification of Major Interest in Shares (5798O)

TIDMPOG

RNS Number : 5798O

Petropavlovsk PLC

21 August 2017

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                                Petropavlovsk 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                                     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)                                           Renova Asset Holding Ltd. 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  --------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  --------------------------------- 
 5. Date of the transaction                                                     18 August 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------- 
 6. Date on which issuer                                                        18 August 2017 
  notified: 
-----------------------------------------------------------  --------------------------------- 
 7. Threshold(s) that is/are                                                          Below 3% 
  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 voting         % of voting 
                 of                of                 of shares       rights                   rights (x) 
                 Shares            Voting 
                                   Rights 
-------------  ----------------  -----------------  --------------  -----------------------  ------------------------- 
                                                     Direct          Direct     Indirect      Direct        Indirect 
                                                                     (xi)        (xii) 
-------------      ------------    -------------    --------------  ---------  ------------  ------------  ----------- 
 Ordinary 
 shares 
 ISIN: 
 GB0031544546       483,992,987          14, 7496%               0          0             0            0%           0% 
-------------  ----------------  -----------------  --------------  ---------  ------------  ------------  ----------- 
 
 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 
----------------------------------------------------  ---------------------------------------------------------------- 
                                                   0                                                                0% 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------------- 
 
   Renova Asset Holding Ltd. is a direct wholly-owned subsidiary 
   of Renova Assets Ltd. which in turn is 90%-owned by 
   Renova Holding Ltd., which in turn is wholly-owned by 
   TZ Columbus Services Limited, as trustee for Columbus 
   Trust. 
 
   Renova Asset Holding Ltd. had a direct interest in the 
   shares set out in box 8A above by virtue of its holding 
   of the shares. On 18 August 2017, Renova Asset Holding 
   Ltd. transferred all of the shares set out in box 8A 
   above to Renova Assets Ltd. 
 
   The interest of each of Renova Assets Ltd., Renova Holding 
   Ltd. and TZ Columbus Services Limited, as trustee for 
   the Columbus Trust, in the shares set out in box 8A 
   above for the situation previous to the triggering transaction 
   remains unchanged as a result of the transfer, except 
   that Renova Assets Ltd. now has a direct, rather than 
   an indirect, interest in the shares. Renova Assets Ltd. 
   has filed a separate TR-1 in relation to the change 
   from an indirect to a direct interest in the shares 
   as a result of the transfer. 
 
 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:                                             Mr. Marco Montanari 
------------------------------------------------------------  -------------------- 
 15. Contact telephone number:                                 [phone] 
------------------------------------------------------------  -------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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August 21, 2017 10:41 ET (14:41 GMT)