Challenger Acquisitions Limited Holding(s) in Company (0347N)

TIDMCHAL

RNS Number : 0347N

Challenger Acquisitions Limited

03 August 2017

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                  Challenger Acquisitions 
  the underlying issuer                                                        Limited 
  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)                                      Magna Equities II, LLC 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ------------------------- 
 5. Date of the transaction                                                 02/08/2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------- 
 6. Date on which issuer                                                    02/08/2017 
  notified: 
-----------------------------------------------------------  ------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                6% 
-----------------------------------------------------------  ------------------------- 
 
 
 
 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) 
-------------      -----------    -----------    --------------  ------------  ------------  ------------  ----------- 
 GGOOBVOLCK35   0                0                5,510,283       5,510,283     0             6.70%         0 
               ---------------  ---------------  --------------  ------------  ------------  ------------  ----------- 
 
 
 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 
-------------------------------------------------  ------------------------------------------------------------------- 
 5,510,283                                          6.70% 
-------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------- 
 
                    On 02/08/17 Magna Equities II, LLC elected to convert 
                  a portion of its convertible note into shares of Common 
                     Stock resulting in the ownership of 5,510,283 Common 
                                   Shares owned by Magna Equities II, LLC 
 
 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: 
-------------------------------------------------------  ---------------- 
 
 
  13. Additional information:                                        None 
-------------------------------------------------------  ---------------- 
 14. Contact name:                                           Joshua Sason 
-------------------------------------------------------  ---------------- 
 15. Contact telephone number:                            [phone] 
-------------------------------------------------------  ---------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLEAEPDEFDXEFF

(END) Dow Jones Newswires

August 03, 2017 06:15 ET (10:15 GMT)