Palace Capital PLC Holding(s) in Company (5199I)

TIDMPCA

RNS Number : 5199I

Palace Capital PLC

19 June 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                               PALACE 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                                  Yes 
--------------------------------------------------------------  ------------------------------ 
 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)                                                   Polar Capital LLP 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ----------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
---------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction                                                         16.06.2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                                            19.06.2017 
  notified: 
---------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are                                                              <11% 
  crossed or 
  reached: (vi, vii) 
---------------------------------------------------------  ----------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------- 
 Class/type      Situation previous        Resulting situation after 
  of              to the triggering         the 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) 
--------------  -----------  -----------  ------------  -----------  ---------  -------  ----------- 
 GB00B3W40C23                                                                    10.94% 
                                                                     ---------  -------  ----------- 
                 2,803,637    2,803,637    2,753,637     2,753,637 
--------------  -----------  -----------  ------------  -----------  ---------  -------  ----------- 
 
 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. 
--------------  -----------  -------------------------  ----------------------  -------------------- 
 n/a 
--------------  -----------  -------------------------  ----------------------  -------------------- 
 
 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 
  financial       price       date         Conversion    of voting     rights (xix, 
  instrument                  (xvii)       period        rights        xx) 
                                           (xviii)       instrument 
                                                         refers 
                                                         to 
--------------  -----------  -----------  ------------  -----------  ------------------------------- 
 n/a                                                                  Nominal    Delta 
--------------  -----------  -----------  ------------  -----------  ---------  -------------------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------- 
 Number of voting rights                   Percentage of voting rights 
----------------------------------------  ---------------------------------------------------------- 
 2,753,637                                 10.94% 
----------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which 
  the voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------------------------------- 
 
 
 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:                                    Polar Capital LLP - Operations 
                                                                                     Department 
-------------------------------------------------------------  -------------------------------- 
 14. Contact name:                                                                Stephen Amoah 
-------------------------------------------------------------  -------------------------------- 
 15. Contact telephone number:                                              [phone] 
-------------------------------------------------------------  -------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 19, 2017 11:55 ET (15:55 GMT)