President Energy PLC Holding(s) in Company (2379R)

TIDMPPC TIDM85FB

RNS Number : 2379R

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                              x 
------------------------------------------------------------  ---------------------------------- 
 Other (please 
  specify): 
----------------------------------------------------------    ---------------------------------- 
 3. Full name of person(s)                                     International Finance Corporation 
  subject to the                                                                    ("IFC")([i]) 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ----------------------------------- 
 4. Full name of shareholder(s)                                                              N/A 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction                                                          Dec 5, 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                                             Dec 6, 2016 
  notified: 
-----------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                       13.0% 
-----------------------------------------------------------  ----------------------------------- 
 
 

[i] IFC is an international organization established by Articles of Agreement among its member countries, including United Kingdom of Great Britain and Northern Ireland, and as such, enjoys certain immunities, privileges and exemptions, including the freedom of all of its property and assets from restrictions, regulations, controls and moratoria of any nature. The voluntary provision by IFC of the following information does not in any way constitute or imply a waiver, termination or modification by IFC of any privilege, immunity or exemption of IFC granted in the Articles of Agreement establishing IFC, international conventions, or applicable law.

 
 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 
 Shares 
 GB00B3DDP128   74,373,608       74,373,608       111,847,848     111,847,848     0             11.73%        0 
-------------  ---------------  ---------------  --------------  --------------  ------------  ------------  ----------- 
 
 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. 
-----------------  -------------  -------------------------------  ------------------------------  --------------------- 
 N/A                N/A            N/A                              N/A                             N/A 
-----------------  -------------  -------------------------------  ------------------------------  --------------------- 
 
 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) 
---------------  -------------  -------------  ----------------  ------------------------------  ----------------------- 
 Share warrant    GBP0.1875      Mar                                                              Nominal       Delta 
                                  20, 
                                  2018 
---------------  -------------  -------------  ----------------                                  ------------  --------- 
                                                                  20,802,180                      2.18% 
-------------      -----------    -----------      ------------  ------------------------------  ------------  --------- 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                            Percentage of voting rights 
-------------------------------------------------  --------------------------------------------------------------------- 
 132,650,028                                        13.91% 
-------------------------------------------------  --------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------------------------- 
 
   N/A 
 
 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:                                        Director, Global Infrastructure 
                                                               and Natural Resources 
-------------------------------------------------------  -------------------------------- 

 15. Contact telephone number:                                   [phone] 
-------------------------------------------------------  -------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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December 07, 2016 10:50 ET (15:50 GMT)