Terra Capital PLC Notification of Major Interest in Shares (8964Y)

TIDMTCA

RNS Number : 8964Y

Terra Capital PLC

08 March 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
 
 
 
 1. Identity of the issuer or                                                  Terra Capital 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 
------------------------------------------------------------------  ---------------------------- 
 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)                                             City of London Investment 
  subject to the                                                      Management Company Limited 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ----------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction                                                            03-Mar-17 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                                               07-Mar-17 
  notified: 
-----------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are                                                           Below 29% 
  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) 
-------------      ------------    -------------    --------------  ---------  ------------  ------------  ----------- 
 IM00B1GJR404   20,375,000        20,375,000         17,725,414                 17,725,414                  28.8% 
               ----------------  -----------------  --------------  ---------  ------------  ------------  ----------- 
 
 
 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 
----------------------------------------------------  ---------------------------------------------------------------- 
 17,725,414                                            28.8% 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------- 
 
   All voting rights on all shares are controlled by City 
   of London Investment Management Company Limited. 
 
 Proxy Voting: 
------------------------------------------------------------------------- 
 10. Name of the proxy holder:                  City of London Investment 
                                                       Management Company 
                                                                  Limited 
--------------------------------------  --------------------------------- 
 11. Number of voting rights proxy 
  holder will cease to hold: 
--------------------------------------  --------------------------------- 
 12. Date on which proxy holder will 
  cease to hold voting rights: 
--------------------------------------  --------------------------------- 
 
 
  13. Additional information:              The decrease in the percentage 
                                               shareholding is the result 
                                                of a recent tender offer. 
------------------------------------  ----------------------------------- 
 14. Contact name:                              Mark Dwyer or Christopher 
                                                                   Weaver 
------------------------------------  ----------------------------------- 
 15. Contact telephone number:                  [e-mail] - 
                                                            020 7860 8312 
                                          [e-mail] 
                                                          - 020 7860 8329 
------------------------------------  ----------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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March 08, 2017 09:16 ET (14:16 GMT)