Polemos PLC Holding(s) in Company (7300I)

TIDMPLMO

RNS Number : 7300I

Polemos PLC

01 September 2016

1 September 2016

Polemos plc

("Polemos" or the "Company")

Holding(s) in Company

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

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                                                  POLEMOS PLC 
  or 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 
------------------------------------------------------  ------------------------------- 
 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)                                  Pelamis Investments Limited 
  subject 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                                          31(st) August 2016 
  and date on 
  which the threshold 
  is crossed or 
  reached: (v) 
-----------------------------------------------------  -------------------------------- 
 6. Date on which issuer                                           1(st) September 2016 
  notified: 
-----------------------------------------------------  -------------------------------- 
 7. Threshold(s) that 
  is/are crossed or 
  reached: (vi, vii)                                                             11.15% 
-----------------------------------------------------  -------------------------------- 
 
 
 
 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) 
-------------      ------------    ------------    --------------  -------------  -----------  ------------  ----------- 
 ORD NPV        150,000,500       150,000,500       75,000,000      75,000,000     95,000,500   4.92%         6.23% 
               ----------------  ----------------  --------------  -------------  -----------  ------------  ----------- 
 GB0032654641 
-------------      ------------    ------------      ------------    -----------  -----------      --------    --------- 
 
 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 
---------------------------------------------------  ------------------------------------------------------------------- 
 170,000,500                                          11.15% 
---------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which 
  the voting rights and/or the 
  financial instruments are effectively held, if 
  applicable: (xxi) 
---------------------------------------------------------------------- 
 
                    Pelamis Investments Limited hold 75,000,000 shares 
                                                       in Polemos Plc. 
                       Mr David Christian Steinepreis holds 95,000,500 
                       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

HOLAKDDNNBKDBCK

(END) Dow Jones Newswires

September 01, 2016 09:37 ET (13:37 GMT)