Petropavlovsk PLC TR-1: Notification of Major Interest in Shares (5802O)

TIDMPOG

RNS Number : 5802O

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): 
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 An acquisition or disposal of voting rights 
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 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                                               A change from indirect to direct interest     x 
  specify):                                                  in voting rights following an intra-group 
                                                             transfer 
----------------------------------------------------------  -------------------------------------------- 
 3. Full name of person(s)                                                                Renova Assets Ltd. 
  subject to the                                                                         Renova Holding Ltd. 
  notification obligation:                                                      TZ Columbus Services Limited 
  (iii)                                                                      (as trustee for Columbus Trust) 
-----------------------------------------------------------  ----------------------------------------------- 
 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 
  crossed or 
  reached: (vi, vii)                                                                                     14% 
-----------------------------------------------------------  ----------------------------------------------- 
 
 
 
 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%     483,992,987     483,992,987            0       14, 7496%           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 
--------------------------------------------------  ---------------------------------------------------------------------- 
                                       483,992,987                                                               14, 7640% 
--------------------------------------------------  ---------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------- 
 
   On 18 August 2017, Renova Asset Holding Ltd. transferred 
   all of the shares set out in box 8A above to Renova 
   Assets Ltd. Renova Asset Holding Ltd. has filed a separate 
   TR-1 in relation to the disposal of its interest in 
   the shares as a result of the transfer. 
 
   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. 
 
   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 transfer 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 Holding Ltd. has an indirect interest in the 
   shares held by Renova Assets Ltd. by virtue of its 90% 
   holding in Renova Assets Ltd. 
 
   TZ Columbus Services Limited, as trustee for Columbus 
   Trust, has an indirect interest in the shares held by 
   Renova Assets Ltd. by virtue of its 100% holding in 
   Renova Holding Ltd. 
 
 Proxy Voting: 
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 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] 
-----------------------------------------------------------  -------------------- 
 
 

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August 21, 2017 10:48 ET (14:48 GMT)