Petro Matad Limited Holding(s) in Company (6819L)

TIDMMATD

RNS Number : 6819L

Petro Matad Limited

20 July 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                        Petro Matad Limited 
  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)                                       Bergen Asset Management, LLC 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ----------------------------------- 
 4. Full name of shareholder(s)                                BNP Paribas Securities Services 
  (if different from 3.):(iv)                                  and Jarvis Investment Management 
                                                                  Plc as Custodian for Bergen 
                                                                 Global Opportunity Fund, LP. 
-----------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction                                              18 July 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                                 18 July 2017 
  notified: 
-----------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                    4%, 5%, 6%, 7% 
-----------------------------------------------------------  ----------------------------------- 
 
 
 
 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 voting        % of voting 
               of              of                             of           rights                  rights (x) 
               Shares          Voting                         shares 
                               Rights 
-----------  ---------------  -----------------------------  ----------  ----------------------  ------------------------- 
                                                              Direct      Direct     Indirect     Direct        Indirect 
                                                                           (xi)       (xii) 
-----------      -----------      -----------  ------------  ----------  ---------  -----------  ------------  ----------- 
 
              9,858,703        3.25%                                                 22,241,980                 7.03% 
-----------  ---------------  -----------------------------  ----------  ---------  -----------  ------------  ----------- 
 
 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 
-------------------------------------------------------------  ----------------------------------------------------------- 
 
   22,241,980                                                     7.03% 
-------------------------------------------------------------  ----------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------------- 
 
   Bergen Asset Management, LLC is ultimately controlled 
   by Mr. Eugene Tablis 
 
 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: 
-------------------------------------------------------------  ---------------------------------- 
 
                                                                The 7.03% holding is calculated 
  13. Additional information:                                   on total issued share capital 
                                                                of 316,473,908 shares (including 
                                                                issue of 13,389,719 new shares, 
                                                                to be admitted to AIM on 
                                                                24 July 2017) 
-------------------------------------------------------------  ---------------------------------- 
 14. Contact name:                                              Cory Burns, CFO/COO 
-------------------------------------------------------------  ---------------------------------- 
 15. Contact telephone number:                                  [phone] 
-------------------------------------------------------------  ---------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 20, 2017 11:43 ET (15:43 GMT)