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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tungsten Corporation Plc | LSE:TUNG | London | Ordinary Share | GB00B7Z0Q502 | ORD 0.438P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 54.60 | 54.00 | 55.20 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMTUNG
RNS Number : 9720M
Tungsten Corporation PLC
19 October 2016
Hot Features
Premium
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or Tungsten Corporation 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) Edmund Truell
subject to the
notification obligation:
(iii)
----------------------------------------------------------- --------------------------------
4. Full name of shareholder(s) Disruptive Capital Investments
(if different from 3.):(iv) Limited
----------------------------------------------------------- --------------------------------
5. Date of the transaction 14 October 2016
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- --------------------------------
6. Date on which issuer 19 October 2016
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 % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
---------------- ---------------- ---------------- -------------- ----------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
---------------- ------------ ------------ -------------- --------- ------------ ------------ -----------
GB00B7Z0Q5002
Ordinary
Shares 17,451,988 17,451,988 11,451,988 9.1%
---------------- ---------------- -------------- --------- ------------ ------------ -----------
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 financial Exercise Expiration Exercise/ Number of voting % of voting
instrument price date Conversion rights instrument rights (xix,
(xvii) period refers to xx)
(xviii)
------------------ -------------- -------------- ---------------- ------------------------- -----------------------
Loan Facility Oct 6,000,000 Nominal Delta
2019
Contract 4,188,697
for Difference
------------------ -------------- -------------- ---------------- ------------------------- ------------ ---------
8.1%
---------------- ------------ ------------ ------------ ------- ------------ ------------ ---------
Total (A+B+C)
------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------------ ----------------------------------------------------------------
21,640,685 17.2%
------------------------------------------------------ ----------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
----------------------------------------------------------------------------------------------------
Disruptive Capital Investments Limited holds 11,451,988
voting rights through ordinary shares - 9.1%
Flexible Securities Limited holds 4,188,697 voting rights
through CFD's - 3.3%
Disruptive Capital Investments Limited has loaned Equities
First Holdings, LLC 6,000,000 ordinary shares - 4.8%
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:
-------------------------------------------------------------- ------------------------------------
13. Additional information: [Additional information
provided by Notifier, accompanying
TR1]
Disclosure of financing agreement
Disruptive Capital Investments
Limited ("DCIL") is entering
into a financing arrangement
with Equities First Holdings
LLC ("EFH"). Under the terms
of the facility, DCIL has
transferred 6,000,000 Tungsten
shares to EFH as collateral.
DCIL's interests remain aligned
with those of other shareholders
and the EFH arrangement is
such that DCIL remains fully
financially and economically
exposed to Tungsten's share
price. Whilst DCIL has transferred
title to the shares for the
period of the facility, EFH
have warranted that they
will refrain from short selling
and will not exercise any
voting or other such consensual
rights or powers under the
terms of the agreement. Strategic
voting rights will be exercised
in collaboration with DCIL.
As a result of this arrangement,
for the period of the facility
DCIL has an interest in the
voting rights attaching to
11,451,988 Ordinary shares
representing 9.1 per cent
of the issued ordinary share
capital of the Company.
-------------------------------------------------------------- ------------------------------------
14. Contact name: Mark Hooton
-------------------------------------------------------------- ------------------------------------
15. Contact telephone number: 01481 742400
-------------------------------------------------------------- ------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLGGGUPUUPQGWB
(END) Dow Jones Newswires
October 19, 2016 09:22 ET (13:22 GMT)
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