Polymetal International PLC TR-1: Notification of major interest in shares (2350E)

TIDMPOLY

RNS Number : 2350E

Polymetal International PLC

04 May 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
 1. Identity of the issuer or the underlying                                       POLYMETAL INTERNATIONAL PLC 
  issuer                                                                                ISIN JE00B6T5S470 
  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) subject                                                    Mr. Alexander Nesis 
  to the 
  notification obligation: (iii) 
--------------------------------------------------------------------  -------------------------------------------------- 
 4. Full name of shareholder(s)                                                  POWERBOOM INVESTMENTS LIMITED 
  (if different from 3.):(iv) 
--------------------------------------------------------------------  -------------------------------------------------- 
 5. Date of the transaction and date                                               26/04/2017 and 28/04/2017 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------------------------------  -------------------------------------------------- 
 6. Date on which issuer notified:                                                        03/05/2017 
--------------------------------------------------------------------  -------------------------------------------------- 
 7. Threshold(s) that is/are crossed                                          15% (for voting rights attached to 
  or                                                                                        shares) 
  reached: (vi, vii)                                                       11% (for Qualifying Financial Instruments) 
                                                                                 27% (for total voting rights) 
--------------------------------------------------------------------  -------------------------------------------------- 
 
 
 
 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) 
--------------------      --------------    ------------    -------------  ------------  -----------  ------------  ------------- 
 
 JE00B6T5S470                              114,777,802       1,833,268      1,833,268     63,435,335   0.43%           14.75% 
--------------------  ------------------  ----------------  -------------  ------------  -----------  ------------  ------------- 
 
 B: Qualifying Financial Instruments 
--------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------------- 
 Type of financial         Expiration        Exercise/                        Number of voting             % of voting 
  instrument                date (xiii)       Conversion Period                rights that may              rights 
                                              (xiv)                            be 
                                                                               acquired if the 
                                                                               instrument is 
                                                                               exercised/ converted. 
------------------------  ----------------  -------------------------------  ---------------------------  ----------------------- 
   Sale and repurchase 
        agreements           26/04/2018                                               51,403,934                   11.95% 
                             (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 rights 
  instrument              price            date (xvii)     Conversion        rights instrument            (xix, xx) 
                                                           period            refers to 
                                                           (xviii) 
----------------------  ----------------  --------------  ---------------  ---------------------------  ------------------------- 
                                                                                                         Nominal       Delta 
----------------------  ----------------  --------------  ---------------  ---------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                       Percentage of voting rights 
------------------------------------------------------------  ------------------------------------------------------------------- 
 
 116,672,537                                                     27.13% 
------------------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 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 27.13% 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 holder will                                           N/A 
  cease 
  to hold: 

----------------------------------------------------------------------------  ------------------------ 
 12. Date on which proxy holder will cease to                                            N/A 
  hold 
  voting rights: 
----------------------------------------------------------------------------  ------------------------ 
 
 
  13. Additional information:                                                            N/A 
----------------------------------------------------------------------------  ------------------------ 
 14. Contact name:                                                             Christakis Christofidis 
----------------------------------------------------------------------------  ------------------------ 
 15. Contact telephone number:                                                      [phone] 
----------------------------------------------------------------------------  ------------------------ 
 
 

This information is provided by RNS

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May 04, 2017 10:10 ET (14:10 GMT)