Tri-Star Resources PLC Holding in Company (0318J)

TIDMTSTR

RNS Number : 0318J

Tri-Star Resources PLC

23 June 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                           TRI-STAR RESOURCES 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)                                           ODEY ASSET MANAGEMENT LLP 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  --------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  --------------------------------- 
 5. Date of the transaction                                                       21 JUNE 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------- 
 6. Date on which issuer                                                          23 JUNE 2017 
  notified: 
-----------------------------------------------------------  --------------------------------- 
 7. Threshold(s) that is/are                                                         ABOVE 53% 
  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 
 Share 
 (GB0033646281)   0                0                10,577,466,582     10,577,466,582                  53.85% 
---------------  ---------------  ---------------  -----------------  -----------------  -----------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------- 
 Type of financial    Expiration     Exercise/                           Number of voting                  % of voting 
  instrument           date           Conversion                          rights that                       rights 
                       (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 
---------------------------------------------------  -------------------------------------------------------------------------- 
 10,577,466,582                                       53.85% 
---------------------------------------------------  -------------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------------ 
 
   Odey European Inc. holds 29.44%, OEI MAC holds 21.46%. 
   The Odey Swan Fund holds less than 3%. 
 
 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: 
-------------------------------------------------------------  --------------------------------- 
 
                                                                        Opening disclosure. Odey 
  13. Additional information:                                       Asset Management LLP secured 
                                                                        a whitewash waiver under 
                                                                        the takeover rules which 
                                                                      meant that its convertible 
                                                                       loan notes were converted 
                                                                   into shares with a percentage 
                                                                   of voting rights >30% without 
                                                                       the requirement to make a 
                                                                 takeover offer for the company. 
-------------------------------------------------------------  --------------------------------- 
 14. Contact name:                                                                    FERGUS LEE 
-------------------------------------------------------------  --------------------------------- 
 15. Contact telephone number:                                                      020 72081400 
-------------------------------------------------------------  --------------------------------- 
 
 

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June 23, 2017 07:05 ET (11:05 GMT)