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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pan European Terminals | LSE:PAN | London | Ordinary Share | GB00B12V3082 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 22.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPAN
RNS Number : 6981P
Pan European Terminals PLC
03 October 2013
3 October 2013
Pan European Terminals Plc
("PAN" or "the Company")
Notification of Major Shareholding
Pan European Terminals (AIM: PAN), was notified on 2 October 2013 that, on 1 October 2013, Alpcot Capital Management Ltd disposed of its entire shareholding of 14,570,702 ordinary shares of 1p each in the Company ("Shares"), representing approximately 13.7% of the Company's issued Shares.
Bjorn Lindstrom, Senior Partner of Alpcot Capital Management, commented, "Alpcot is primarily an Eastern European-focused investment company and our original investment in Pan European Terminals was at a time when it had the majority of its operational assets in this region. In the past two years, as PAN has successfully enlarged its operations into Western Europe, it no longer meets our investing criteria and therefore we have sold our holding, at a premium to the current market price. We remain supportive of the new management team and wish Simon and his team all the best for the future."
Simon Escott, Interim Executive Chairman and Chief Executive of PAN, commented, "Alpcot has been a very positive and supportive shareholder over the past four years. We look forward to welcoming the new investors as shareholders and to a similar, long standing supportive relationship with them."
A TR-1 Form dated 2 October 2013 prepared by Alpcot Capital Management Ltd under the FCA Disclosure and Transparency Rules and provided to the Company is set out below.
-ends-
Enquiries:
Pan European Terminals plc Tel: +44 (0)20 3145 1908
Simon Escott, Chief Executive Mob: +44 (0)7920 095 800
Westhouse Securities Ltd (Nomad and Broker) Tel: +44 (0)20 7601 6000
Richard Johnson / Antonio Bossi
Leander (Financial PR) Tel: +44 (0)7795 168 157
Christian Taylor-Wilkinson
Notes to Editors:
Pan European Terminals Plc operates hydrocarbon refined product Storage and Transhipment Terminals in Aabenraa (Denmark), Kaliningrad City (Russia) and Baltysk (Russia). It also leases and operates tanks in Rotterdam (Holland). The Group presently has approx. 400,000 Cubic Meters of tank capacity under ownership or management, with approximately 40% of its annual profit now being derived from its non-Russian assets. The Group has been building critical mass in this field for three years and offers its customers flexibility, competitive rates and excellent facilities for storage, transhipment and bunkering services.
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES ----------------------------------------------- 1. Identity of the issuer or the underlying Pan European Terminals plc issuer of existing shares to which voting rights are attached: ------------------------------------------------ ---------------------------------- 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 No 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 No effect to qualifying financial instruments --------------------------------------------------------------------------- ------- An event changing the breakdown of voting rights No --------------------------------------------------------------------------- ------- Other (please No specify): ------------------ ------------------------------------------------------- ------- 3. Full name of person(s) subject Alpcot Capital Management Ltd to the notification obligation: ------------------------------------------ ---------------------------------------- 4. Full name of shareholder(s) As above (if different from 3.): ------------------------------------------ ---------------------------------------- 5. Date of the transaction and date 01/10/2013 on which the threshold is crossed or reached: ------------------------------------------ ---------------------------------------- 6. Date on which issuer notified: 02/10/2013 ------------------------------------------ ---------------------------------------- 7. Threshold(s) that is/are crossed Below 3% or reached: ------------------------------------------ ---------------------------------------- 8. Notified details: ------------------------------------------------------------------------------------------------------------------------ A: Voting rights attached to shares ------------------------------------------------------------------------------------------------------------------------ Class/type Situation previous Resulting situation after the triggering of to the triggering transaction shares transaction if possible using the ISIN CODE ------------- -------------------------------------- ----------------------------------------------------------------- Number Number Number Number of voting % of voting rights of of of rights (x) Shares Voting shares Rights ------------- ---------------- -------------------- --------- ----------------------- ----------------------------- Direct Direct Indirect Direct Indirect (xi) (xii) ------------- ----- ------- ------ ------ ---- --------- ------------ --------- ------------- -------------- GB00B12V3082 GBP0.01 ord 14'570'702 14'570'702 0 0 0 0.00% 0.00% ---------------- -------------------- --------- ------------ --------- ------------- -------------- B: Qualifying Financial Instruments ------------------------------------------------------------------------------------------------------------------------ Resulting situation after the triggering transaction ------------------------------------------------------------------------------------------------------------------------ Type of financial Expiration Exercise/ Number of voting % of voting instrument date (xiii) Conversion Period rights that may rights (xiv) be acquired if the instrument is exercised/ converted. ---------------------- --------------- ----------------------------- -------------------------- -------------------- C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ------------------------------------------------------------------------------------------------------------------------ Resulting situation after the triggering transaction ------------------------------------------------------------------------------------------------------------------------ Type of Exercise Expiration Exercise/ Number of voting % of voting rights financial price date Conversion rights instrument instrument period refers to --------------- -------------- -------------- --------------- --------------------------- ------------------------- Nominal Delta --------------- -------------- -------------- --------------- --------------------------- ------------ ----------- Total (A+B+C) ------------------------------------------------------------------------------------------------------------------------ Number of voting rights Percentage of voting rights -------------------------------------------------------------- -------------------------------------------------------- 0 0.00% -------------------------------------------------------------- -------------------------------------------------------- 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: -------------------------------------------------------------------------------- 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: ---------------------------------------- -------------------------------------- 14. Contact name: Bjorn Lindstrom ---------------------------------------- -------------------------------------- 15. Contact telephone number: +44 (0)20 7518 0532 ---------------------------------------- --------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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