Polemos PLC Holding(s) in Company (8540U)

TIDMPLMO

RNS Number : 8540U

Polemos PLC

11 April 2016

11 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 the underlying                                                                POLEMOS PLC 
  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 
-----------------------------------------------------------------------------------------------------------  ---------- 
 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    Change in share capital of Polemos Plc                                                          x 
  specify): 
---------------  ------------------------------------------------------------------------------------------  ---------- 
 3. Full name of person(s) subject                                                          Pelamis Investments Limited 
  to the 
  notification obligation: (iii) 
-------------------------------------------------  -------------------------------------------------------------------- 
 4. Full name of shareholder(s)                                                         Mr. David Christian Steinepreis 
  (if different from 3.):(iv) 
-------------------------------------------------  -------------------------------------------------------------------- 
 5. Date of the transaction and                                                                       11(th) April 2016 
  date on 
  which the threshold is crossed 
  or 
  reached: 
-------------------------------------------------  -------------------------------------------------------------------- 
 6. Date on which issuer notified:                                                                    11(th) April 2016 
-------------------------------------------------  -------------------------------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                                                 9% 
-------------------------------------------------  -------------------------------------------------------------------- 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
----------------------------------------------------------------------------------------------------------------------- 
 Class/type   Situation previous                  Resulting situation after the triggering 
 of            to the triggering                   transaction 
 shares        transaction 
 
 if 
 possible 
 using 
 the ISIN 
 CODE 
-----------  ----------------------------------  ---------------------------------------------------------------------- 
              Number              Number          Number            Number of voting             % of voting rights 
               of                  of              of shares         rights                       (x) 
               Shares              Voting 
                                   Rights 
-----------  ------------------  --------------  ----------------  ---------------------------  ----------------------- 
                                                  Direct            Direct         Indirect      Direct       Indirect 
                                                                     (xi)           (xii) 
-----------        ------------    ------------  ----------------  -------------  ------------  -----------  ---------- 
 
              150,000,500         150,000,500     75,000,000        75,000,000     75,000,500    4.92%        4.92% 
-----------  ------------------  --------------  ----------------  -------------  ------------  -----------  ---------- 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration      Exercise/                       Number of voting               % of voting 
 financial           date (xiii)     Conversion                      rights that may be             rights 
 instrument                          Period (xiv)                    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 rights 
 financial       price            date (xvii)     Conversion         rights instrument            (xix, xx) 
 instrument                                       period             refers to 
                                                  (xviii) 
-------------  ----------------  --------------  ----------------  ---------------------------  ----------------------- 
                                                                                                 Nominal      Delta 
-------------  ----------------  --------------  ----------------  ---------------------------  -----------  ---------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                              Percentage of voting rights 
---------------------------------------------------  ------------------------------------------------------------------ 
 150,000,500                                          9.84% 
---------------------------------------------------  ------------------------------------------------------------------ 
 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 in Polemos Plc 
   Mr. David Christian Steinepreis holds 75,000,500 shares in Polemos Plc 
   in his own name but he is 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 
---------------------------------------------------  ------------------------------------------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 11, 2016 13:16 ET (17:16 GMT)