Polemos PLC Holding(s) in Company (5561U)

TIDMPLMO

RNS Number : 5561U

Polemos PLC

07 April 2016

7 April 2016

Polemos plc

("Polemos" or the "Company")

Holdings in Company

The Board of Polemos; announces that the Company has received the following TR-1 notification which is set out below.

END.

For further information, please contact:

 
Polemos plc 
 Jason Berry, Non-Executive Director 
 Hamish Harris, Executive Chairman     [phone] 
Beaumont Cornish Limited (Nominated 
 Adviser and Broker) 
 James Biddle/Michael Cornish          [phone] 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                                                                   POLEMOS 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    Agreement for a concerted exercise 
  specify):        of voting rights 
---------------  ---------------------------------------------------------------------------------------------  ----------- 
 3. Full name of person(s)                                                                      Pelamis Investments Limited 
  subject to the 
  notification obligation: 
  (iii) 
--------------------------------------------------  ----------------------------------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
--------------------------------------------------  ----------------------------------------------------------------------- 
 5. Date of the transaction                                                                                    7 APRIL 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
--------------------------------------------------  ----------------------------------------------------------------------- 
 6. Date on which issuer                                                                                       7 APRIL 2016 
  notified: 
--------------------------------------------------  ----------------------------------------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                                                 13.80% 
--------------------------------------------------  ----------------------------------------------------------------------- 
 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                voting                      rights (x) 
               Shares             Voting            shares            rights 
                                  Rights 
-----------  -----------------  ----------------  ----------------  --------------------------  --------------------------- 
                                                   Direct            Direct          Indirect    Direct        Indirect 
                                                                      (xi)            (xii) 
-----------        -----------    ------------    ----------------  --------------  ----------  ------------  ------------- 
 
              75,000,500         75,000,5000       150,000,500       150,000,500                 13.80% 
-----------  -----------------  ----------------  ----------------  --------------  ----------  ------------  ------------- 
 
 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 
----------------------------------------------------  --------------------------------------------------------------------- 
 150,000,500                                           13.80% 
----------------------------------------------------  --------------------------------------------------------------------- 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------------------------------------------------- 
 Pelamis Investments Limited holds 75,000,000 
  Mr David Christian Steinepreis holds 75,000,500 as a 
  director of Pelamis Investments Limited 
 
 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 
----------------------------------------------------  --------------------------------------------------------------------- 
 14. Contact name:                                                                                            Linda Dowding 
----------------------------------------------------  --------------------------------------------------------------------- 
 15. Contact telephone number:                                                                                 01481 720581 

(MORE TO FOLLOW) Dow Jones Newswires

April 07, 2016 11:49 ET (15:49 GMT)

----------------------------------------------------  --------------------------------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLAKODQPBKDPQK

(END) Dow Jones Newswires

April 07, 2016 11:49 ET (15:49 GMT)