Chenavari Toro Income Fund Limited Notification of Major Shareholding (7843K)

TIDMTORO

RNS Number : 7843K

Chenavari Toro Income Fund Limited

13 April 2018

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS 
---------------------------------------------------------------------------------------------------- 
 
 1a. Identity of the issuer                                   CHENAVARI TORO INCOME FUND 
  or the underlying issuer                                     LIMITED (ISIN: GGBWBSDM98) 
  of existing shares to which 
  voting rights are attached(ii) 
  : 
------------------------------------------------  -------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer 
  (please mark with an "X" if appropriate) 
---------------------------------------------------------------------------------------------------- 
 Non-UK issuer                                                                               X 
-------------------------------------------------------------------------------------  ------------- 
 2. Reason for the notification (please mark the appropriate 
  box or boxes with an "X") 
---------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights 
-------------------------------------------------------------------------------------  ------------- 
 An acquisition or disposal of financial instruments 
-------------------------------------------------------------------------------------  ------------- 
 An event changing the breakdown of voting rights 
-------------------------------------------------------------------------------------  ------------- 
 Other (please specify)(iii) : New employee hire                                             X 
  leading to increase in concert party aggregate above 
  disclosable threshold 
-------------------------------------------------------------------------------------  ------------- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                              CHENAVARI GROUP 
 City and country of registered                    LONDON, UK 
  office (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
---------------------------------------------------------------------------------------------------- 
 CHENAVARI EUROPEAN OPPORTUNISTIC                  LOIC FERY 
  CREDIT FUND LIMITED 
------------------------------------------------  -------------------------------------------------- 
 FREDERIC COUDERC                                  BENOIT PELLEGRINI 
------------------------------------------------  -------------------------------------------------- 
 CHENAVARI INVESTMENT MANAGERS                     BENJAMIN JACQUARD 
  HOLDINGS 
------------------------------------------------  -------------------------------------------------- 
 MALEK MESLEMANI                                   MICK VASILACHE 
------------------------------------------------  -------------------------------------------------- 
 ROBERTO SILVOTTI                                  GUY GOYARD 
------------------------------------------------  -------------------------------------------------- 
 DEMIAN BRASIL                                     JEREMIE BENICHOU 
------------------------------------------------  -------------------------------------------------- 
 JEAN FAU                                          ANNE FERY 
------------------------------------------------  -------------------------------------------------- 
 ALLY CHOW                                         STEVE SABATIER 
------------------------------------------------  -------------------------------------------------- 
 ANTON SPADAR                                      EDWARD SMALLEY 
------------------------------------------------  -------------------------------------------------- 
 TI CHEN 
------------------------------------------------  -------------------------------------------------- 
 City and country of registered 
  office (if applicable) 
------------------------------------------------  -------------------------------------------------- 
 5. Date on which the threshold                    09 APRIL 2018 
  was crossed or reached(vi) 
  : 
------------------------------------------------  -------------------------------------------------- 
 6. Date on which issuer notified                  12 APRIL 2018 
  (DD/MM/YYYY): 
------------------------------------------------  -------------------------------------------------- 
 7. Total positions of person(s) subject to the notification 
  obligation 
---------------------------------------------------------------------------------------------------- 
                               % of voting           % of voting         Total of       Total number 
                             rights attached       rights through        both in %       of voting 
                                to shares             financial         (8.A + 8.B)      rights of 
                                (total of            instruments                         issuer(vii) 
                                  8. A)               (total of 
                                                     8.B 1 + 8.B 
                                                         2) 
----------------------  ------------------------  ----------------  -----------------  ------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached             51.02%                                      51.02%             165,749,341 
----------------------  ------------------------  ----------------  -----------------  ------------- 
 Position 
  of previous 
  notification 
  (if 
  applicable)            34.10%                                      34.10% 
----------------------  ------------------------  ----------------  -----------------  ------------- 
 
 
 
 8. Notified details of the resulting situation on the 
  date on which the threshold was crossed or reached(viii) 
-------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
-------------------------------------------------------------------------------------------------------------- 
 Class/type              Number of voting rights(ix)            % of voting rights 
  of 
  shares 
  ISIN code 
  (if possible) 
---------------------- 
                                Direct            Indirect                 Direct                  Indirect 
                               (Art 9 of          (Art 10 of              (Art 9 of               (Art 10 of 
                               Directive          Directive               Directive                Directive 
                             2004/109/EC)        2004/109/EC)            2004/109/EC)            2004/109/EC) 
                               (DTR5.1)           (DTR5.2.1)               (DTR5.1)               (DTR5.2.1) 
---------------------   ---------------------  --------------  ------------------------------  --------------- 
 Ordinary 
  shares (ISIN: 
  GGBWBSDM98)                                   165,749,341                                     51.02% 
----------------------  ---------------------  --------------  ------------------------------  --------------- 
 
 
 SUBTOTAL 
  8. A                               165,749,341                                    51.02% 
----------------------  -------------------------------------  ----------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) 
  of Directive 2004/109/EC (DTR5.3.1.1 (a)) 
-------------------------------------------------------------------------------------------------------------- 
 Type of financial       Expiration             Exercise/       Number of voting                % of voting 
  instrument              date(x)                Conversion      rights that                     rights 
                                                 Period(xi)      may be acquired 
                                                                 if the instrument 
                                                                 is 
                                                                 exercised/converted. 
----------------------  ---------------------  --------------  ------------------------------  --------------- 
 
 
 
                                                SUBTOTAL 8. 
                                                 B 1            0                               0 
                                               --------------  ------------------------------  --------------- 
 
 B 2: Financial Instruments with similar economic effect 
  according to Art. 13(1)(b) of Directive 2004/109/EC 
  (DTR5.3.1.1 (b)) 
-------------------------------------------------------------------------------------------------------------- 
 Type of                Expiration              Exercise/       Physical           Number       % of voting 
  financial              date(x)                Conversion      or cash             of voting    rights 
  instrument                                    Period          settlement(xii)     rights 
                                                (xi) 
---------------------  ----------------------  --------------  -----------------  -----------  --------------- 
 
 
 
                                                                SUBTOTAL 
                                                                 8.B.2             0            0 
                                                               -----------------  -----------  --------------- 
 
 
 
 
 9. Information in relation to the person subject to 
  the notification obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is 
  not controlled by any natural person or legal entity 
  and does not control any other undertaking(s) holding 
  directly or indirectly an interest in the (underlying) 
  issuer(xiii) 

 Full chain of controlled undertakings through which                            X 
  the voting rights and/or the 
  financial instruments are effectively held starting 
  with the ultimate controlling natural person or 
  legal entity(xiv) (please add additional rows as 
  necessary) 
--------------------------------------------------------------------  --------------------- 
          Name(xv)             % of voting         % of voting            Total of both 
                                rights if         rights through           if it equals 
                                it equals      financial instruments       or is higher 
                               or is higher        if it equals         than the notifiable 
                                 than the          or is higher              threshold 
                                notifiable      than the notifiable 
                                threshold            threshold 
---------------------------  --------------  -----------------------  --------------------- 
 CHENAVARI CREDIT PARTNERS 
  LLP 
---------------------------  --------------  -----------------------  --------------------- 
 CHENAVARI EUROPEAN 
  OPPORTUNISTIC CREDIT 
  FUND LIMITED                29.766% 
---------------------------  --------------  -----------------------  --------------------- 
 
 LOIC FERY                    5.88% 
---------------------------  --------------  -----------------------  --------------------- 
 FREDERIC COUDERC             4.62% 
---------------------------  --------------  -----------------------  --------------------- 
 BENOIT PELLEGRINI            3.64% 
---------------------------  --------------  -----------------------  --------------------- 
 CHENAVARI INVESTMENT 
  MANAGERS HOLDINGS 
---------------------------  --------------  -----------------------  --------------------- 
 BENJAMIN JACQUARD 
---------------------------  --------------  -----------------------  --------------------- 
 MALEK MESLEMANI 
---------------------------  --------------  -----------------------  --------------------- 
 MICK VASILACHE 
---------------------------  --------------  -----------------------  --------------------- 
 ROBERTO SILVOTTI 
---------------------------  --------------  -----------------------  --------------------- 
 GUY GOYARD 
---------------------------  --------------  -----------------------  --------------------- 
 DEMIAN BRASIL 
---------------------------  --------------  -----------------------  --------------------- 
 JEREMIE BENICHOU 
---------------------------  --------------  -----------------------  --------------------- 
 JEAN FAU 
---------------------------  --------------  -----------------------  --------------------- 
 ANNE FERY 
---------------------------  --------------  -----------------------  --------------------- 
 ALLY CHOW 
---------------------------  --------------  -----------------------  --------------------- 
 STEVE SABATIER 
---------------------------  --------------  -----------------------  --------------------- 
 ANTON SPADAR 
---------------------------  --------------  -----------------------  --------------------- 
 EDWARD SMALLEY 
---------------------------  --------------  -----------------------  --------------------- 
 TI CHEN 
---------------------------  --------------  -----------------------  --------------------- 
 
 10. In case of proxy voting, please identify: 
------------------------------------------------------------------------------------------- 
 Name of the proxy holder                     N/A 
-------------------------------------------  ---------------------------------------------- 
 The number and % of voting rights 
  held 
-------------------------------------------  ---------------------------------------------- 
 The date until which the voting 
  rights will be held 
-------------------------------------------  ---------------------------------------------- 
 
 11. Additional information(xvi) 
------------------------------------------------------------------------------------------- 
 CHENAVARI GROUP'S AGGREGATE HOLDING COMPRISES OF EMPLOYEES, 
  RELATIONS OF EMPLOYEES, GROUP ENTITIES AND CLIENT ASSETS 
  UNDER DISCRETIONARY PORTFOLIO MANAGEMENT. 
 
  CHENAVARI CREDIT PARTNERS LLP, A FCA AUTHORISED AND 
  REGULATED ENTITY WITHIN THE CHENAVARI GROUP, IS THE 
  PORTFOLIO MANAGER TO THE ISSUER. 
------------------------------------------------------------------------------------------- 
 
 
 
 Place of completion   LONDON, UK 
--------------------  -------------- 
 Date of completion    12 APRIL 2018 
--------------------  -------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 13, 2018 02:00 ET (06:00 GMT)