President Energy PLC Holding(s) in Company (3604R)

TIDMPPC

RNS Number : 3604R

President Energy PLC

08 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): 
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 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 
  specify): 
---------------------------------------------------------  -----  ------------------------------------- 
 3. Full name of person(s)                                           JPMorgan Asset Management Holdings 
  subject to the                                                                                   Inc. 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s)                                    JPMorgan Asset Management (UK) 
  (if different from 3.):(iv)                                                  Limited 
                                                                  J.P. Morgan Investment Management 
                                                                                 Inc. 
                                                                 China International Fund Management 
                                                                              Co., Ltd. 
-----------------------------------------------------------  ------------------------------------------ 
 5. Date of the transaction                                                            05 December 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------------ 
 6. Date on which issuer                                                               07 December 2016 
  notified: 
-----------------------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are                                                                 5% Upwards 
  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) 
---------------    ------------   ------------   -------------  ---------  -----------  --------  --------- 
 
   GB00B3DDP128 
                                                 -------------  ---------  -----------  -------- 
  Below           Below 
  minimum          minimum 
  threshold        threshold                                                83,825,078             8.79% 
 --------------  --------------     -------------------------------------  -----------  --------  --------- 
 
 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 
-------------------------------------------------------------  -------------------------------------------- 
 
   83,825,078                                                     8.79% 
-------------------------------------------------------------  -------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------- 
 Total disclosable holding for JPMorgan Asset Management 
  Holdings Inc : 83,825,078 (8.79%) 
 
  JPMorgan Asset Management (UK) Limited: 83,388,727 (8.74%) 
  J.P. Morgan Investment Management Inc. 
  China International Fund Management Co., Ltd. 
  Chain of control: 
 
  JPMorgan Asset Management Holdings Inc. (100%) 
  JPMorgan Asset Management International Limited (100%) 
  JPMorgan Asset Management Holdings (UK) Limited (100%) 
  JPMorgan Asset Management (UK) Limited (100%) 
 
  JPMorgan Asset Management Holdings Inc. (100%) 
  JPMorgan Asset Management International Limited (100%) 
  JPMorgan Asset Management Holdings (UK) Limited (100%) 
  JPMorgan Asset Management (UK) Limited (100%) 
  China International Fund Management Co., Ltd. (49%) 
 
  JPMorgan Asset Management Holdings Inc. (100%) 
  J.P. Morgan Investment Management Inc. (100%) 
 
 Proxy Voting: 
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 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: 
-------------------------------------------------------  -------------- 
 
                                                                    N/A 
  13. Additional information: 
-------------------------------------------------------  -------------- 
 14. Contact name:                                          Alwyn Basch 
-------------------------------------------------------  -------------- 
 15. Contact telephone number:                            020 7742 7407 
-------------------------------------------------------  -------------- 
 
 

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December 08, 2016 10:15 ET (15:15 GMT)