President Energy PLC Holding(s) in Company (1438R)

TIDMPPC TIDMSDR

RNS Number : 1438R

President Energy PLC

07 December 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                               President Energy 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                                              Type 1 disclosure as per the Transparency       X 
  specify):                                                 Directive II Regulation 
---------------------------------------------------------  ---------------------------------------------- 
 3. Full name of person(s)                                          Schroders plc & Schroder Investment 
  subject to the                                                             Management Limited 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ------------------------------------------------ 
 5. Date of the transaction                                                      05.12.16 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------------------ 
 6. Date on which issuer                                                         06.12.16 
  notified: 
-----------------------------------------------------------  ------------------------------------------------ 
 7. Threshold(s) that is/are                                                  Above 10% & 11% 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  ------------------------------------------------ 
 
 
 
 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) 
-------------      ---------  -----------      ------------  --------------  ---------  ------------  ----------  ----------- 
   Ordinary            65,262,405             51,957,373       130,494,618      N/A      107,247,480      N/A       11.247% 
               --------------------------  ----------------  --------------  ---------  ------------  ----------  ----------- 
 GB00B3DDP128 
-------------      ---------  -----------      ------------    ------------    -------  ------------    --------    --------- 
 
 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 
-------------------------------------------------------------  -------------------------------------------------------------- 
                         107,247,480                                                       11.247% 
-------------------------------------------------------------  -------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------------- 
 Schroder & Co. Limited 42,240 0.004% 
  Schroder Investment Management Limited 107,205,240 11.242% 
 
 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: 
-------------------------------------------------------------  ---------------------------------- 
 
                                                                The shares referred to in 
  13. Additional information:                                   section 9 are held in portfolios 
                                                                managed by those firms on 
                                                                a discretionary basis for 
                                                                clients under investment 
                                                                management agreements. 
                                                                This disclosure is based 
                                                                on issued share capital amount 
                                                                953,597,617. 
-------------------------------------------------------------  ---------------------------------- 

 14. Contact name:                                                       Shaheen Hussain 
-------------------------------------------------------------  ---------------------------------- 
 15. Contact telephone number:                                          [phone] 
-------------------------------------------------------------  ---------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 07, 2016 02:20 ET (07:20 GMT)