Polymetal International PLC TR-1: Notification of major interest in shares (2472L)

TIDMPOLY

RNS Number : 2472L

Polymetal International PLC

29 September 2016

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)

 
 1. Identity of the issuer or                                        Polymetal International 
  the underlying issuer                                                        plc 
  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                                     V 
----------------------------------------------------------------  ------------------------------- 
 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)                                            Mr. Alexander Nesis 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------ 
 4. Full name of shareholder(s)                                  POWERBOOM INVESTMENTS LIMITED 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ------------------------------------ 
 5. Date of the transaction                                        27/09/2016 and 29/09/2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------ 
 6. Date on which issuer                                                  29/09/2016 
  notified: 
-----------------------------------------------------------  ------------------------------------ 
 7. Threshold(s) that is/are 
  crossed or                                                      20%, 19%, 18%, 17%, 16% (for 
  reached: (vi, vii)                                                voting rights attached to 
                                                                             shares) 
                                                                   4%, 5%, 6%, 7%, 8%, 9%, 10% 
                                                                    (for qualifying financial 
                                                                          instruments) 
                                                                   25%, 26% (for total voting 
                                                                             rights) 
-----------------------------------------------------------  ------------------------------------ 
 
 
 
 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             rights                     rights (x) 
                       Shares                  Voting            shares 
                                               Rights 
--------------------  ---------------------  ----------------  -------------  -------------------------  ------------------------- 
                                                                Direct         Direct        Indirect     Direct        Indirect 
                                                                                (xi)          (xii) 
--------------------      -----------------    ------------    -------------  ------------  -----------  ------------  ----------- 
 
   JE00B6T5S470                               102,076,650       6,619,766      6,619,766     64,637,539   1.55% 
                      ---------------------  ----------------  -------------  ------------  -----------  ------------ 
                                                                                                                        15.13% 
--------------------      -----------------    ------------      -----------    ----------  -----------      --------  ----------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------------- 
 Type of financial         Expiration           Exercise/                        Number of voting             % of voting 
  instrument                date (xiii)          Conversion                       rights that                  rights 
                                                 Period (xiv)                     may be 
                                                                                  acquired if 
                                                                                  the 
                                                                                  instrument 
                                                                                  is 
                                                                                  exercised/ 
                                                                                  converted. 
------------------------  -------------------  -------------------------------  ---------------------------  --------------------- 
   Sale and repurchase 
        agreements             21/09/2017                                                43,520,497                  10.19% 
                              (transaction 
                             will be rolled) 
------------------------  -------------------  -------------------------------  ---------------------------  --------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------------- 
 Type of financial       Exercise             Expiration      Exercise/        Number of voting             % of voting 
  instrument              price               date            Conversion        rights instrument            rights (xix, 
                                              (xvii)          period            refers to                    xx) 
                                                              (xviii) 
----------------------  -------------------  --------------  ---------------  ---------------------------  ----------------------- 
                                                                                                            Nominal       Delta 
----------------------  -------------------  --------------  ---------------  ---------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                          Percentage of voting rights 
---------------------------------------------------------------  ----------------------------------------------------------------- 
 114,777,802                                                      26.87% 
---------------------------------------------------------------  ----------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------ 
 
                                POWERBOOM INVESTMENTS LIMITED holds 26.87% shares in 
                                                        Polymetal International plc. 
 
                                 POWERBOOM INVESTMENTS LIMITED is fully owned by ICT 
                        HOLDING LTD (100%), which in its turn is owned by INVESTMENT 
                                      CONSTRUCTION TECHNOLOGY (ICT) GROUP LTD (100%) 
 
                              Alexander Nesis is the major shareholder of INVESTMENT 
                                CONSTRUCTION TECHNOLOGY (ICT) GROUP LTD (50%). Other 
                              50% shares in INVESTMENT CONSTRUCTION TECHNOLOGY (ICT) 
                                GROUP LTD are held by the shareholders, each holding 
                                                                       less than 10% 
 

 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:                                          N/A 
----------------------------------------------------------  ------------------------ 
 14. Contact name:                                           Christakis Christofidis 
----------------------------------------------------------  ------------------------ 
 15. Contact telephone number:                                    [phone] 
----------------------------------------------------------  ------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 29, 2016 11:04 ET (15:04 GMT)