Holding(s) in Company (8731R)

TIDMSC.

RNS Number : 8731R

Supercart PLC

10 November 2011

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
----------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                                     Supercart 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 
  specify): 
----------------------------------------------------------   ---------------------------------- 
 3. Full name of person(s)                                    1. RAB Capital Limited acting 
  subject to the                                               as discretionary manager for 
  notification obligation:                                     RAB Special Situations (Master) 
  (iii)                                                        Fund Limited 
 
                                                               2. William Philip Seymour 
                                                               Richards 
----------------------------------------------------------  ----------------------------------- 
 4. Full name of shareholder(s)                               1. Credit Suisse Client Nominees 
  (if different from 3.):(iv)                                  (UK) Limited 
 
                                                               2. William Philip Seymour 
                                                               Richards 
 
                                                               3. Canaccord Nominees Limited 
 
                                                               4. Eden Financial Limited 
----------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction                                                          07.01.2011 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
----------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                                             10.11.2001 
  notified: 
----------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                        13% 
----------------------------------------------------------  ----------------------------------- 
 
 
 
 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 shares     rights                  rights (x) 
                  Shares       Voting 
                               Rights 
--------------  -----------  ------------  ------------  ----------------------  ------------------- 
                                            Direct        Direct   Indirect       Direct    Indirect 
                                                          (xi)      (xii) 
--------------  -----------  ------------  ------------  -------  -------------  --------  --------- 
                 6,401,250    6,401,250     N/A           N/A      5,436,250*     N/A       3.66% 
 
 ORDINARY 
  SHARES 
  GB0034211036   12,928,750    12,928,750    N/A           N/A     12,928,750**    N/A       8.71% 
                -----------  ------------  ------------  -------  -------------  --------  --------- 
 
  ORDINARY 
  SHARES 
  GB0034211036 
--------------  -----------  ------------  ------------  -------  -------------  --------  --------- 
 
 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) 
--------------  -----------  ------------  ------------  ----------------------  ------------------- 
 N/A             N/A          N/A           N/A           N/A                     Nominal   Delta 
--------------  -----------  ------------  ------------  ----------------------  --------  --------- 
                                                                                  N/A       N/A 
--------------  -----------  ------------  ------------  -------  -------------  --------  --------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------- 
 Number of voting rights                    Percentage of voting rights 
-----------------------------------------  --------------------------------------------------------- 
 18,365,000                                 12.37%*** 
-----------------------------------------  --------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------------- 
                                    *RAB Capital Limited acts as investment manager for 
                              RAB Special Situations (Master) Fund Limited (the "Fund") 
                               which is the beneficial owner of these shares. The legal 
                                    title to these shares is held on behalf of the Fund 
                                   by its nominee, Credit Suisse Nominees (UK) Limited. 
 
                                   **These shares are owned beneficially by Mr. William 
                              Philip Seymour Richards who is the appointed fund manager 
                                  of the Fund and is an employee and executive director 
                                                                of RAB Capital Limited. 
 
                                  The legal title to Mr Richard's shares is held on his 
                                                                     behalf as follows: 
 
                                             Canaccord Nominees Limited: 100,000 shares 
 
                                               Eden Financial Limited: 1,420,000 shares 
 
                                     William Philip Seymour Richards: 11,408,750 shares 
 
                             Owing to the chain of control of all the shares disclosed, 
                                   we consider it appropriate to aggregate the holdings 
                                 of the Fund and William Philip Seymour Richards as per 
                                                                           Box 8 above. 
 
 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: 
-------------------------------------------------------  ------------------------------ 
 
                                                          ***this figure was calculated 
  13. Additional information:                              using 148,500,000 as the 
                                                           current issued share capital 
                                                           of the issuer as published 
                                                           on the issuer's website on 
                                                           10.11.2011. 
-------------------------------------------------------  ------------------------------ 
 14. Contact name:                                        RAB Capital Limited - Legal 
                                                           Team 
-------------------------------------------------------  ------------------------------ 
 15. Contact telephone number:                            020 7389 7000 
-------------------------------------------------------  ------------------------------ 
 
 

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