Petro Matad Limited Holding(s) in Company (8503N)

TIDMMATD

RNS Number : 8503N

Petro Matad Limited

14 August 2017

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
------------------------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the underlying                                      Petro Matad Limited 
  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) subject                                            Bergen Asset Management, LLC 
  to the 
  notification obligation: (iii) 
-------------------------------------------------------------------  --------------------------------------------- 
 4. Full name of shareholder(s)                                           BNP Paribas Securities Services and 
  (if different from 3.):(iv)                                              Jarvis Investment Management Plc as 
                                                                         Custodian for Bergen Global Opportunity 
                                                                                        Fund, LP. 
-------------------------------------------------------------------  --------------------------------------------- 
 5. Date of the transaction and date                                                 9 August 2017 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
-------------------------------------------------------------------  --------------------------------------------- 
 6. Date on which issuer notified:                                                   11 August 2017 
-------------------------------------------------------------------  --------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                     7%, 6% 
-------------------------------------------------------------------  --------------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------------- 
 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 shares     rights                  (x) 
               Shares          Voting 
                               Rights 
-----------  ---------------  -----------------------------  -----------  ----------------------  -------------------------- 
                                                              Direct       Direct     Indirect     Direct         Indirect 
                                                                            (xi)       (xii) 
-----------      -----------      -----------  ------------  -----------  ---------  -----------  -------------  ----------- 
 
              22,241,980       7.03%                                                  17,840,856                  5.64% 
-----------  ---------------  -----------------------------  -----------  ---------  -----------  -------------  ----------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------- 
 Type of          Expiration       Exercise/                               Number of voting            % of voting 
 financial         date (xiii)      Conversion                              rights that may be          rights 
 instrument                         Period (xiv)                            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 rights 
 financial       price           date (xvii)     Conversion                 rights instrument         (xix, xx) 
 instrument                                      period                     refers to 
                                                 (xviii) 
-------------  ---------------  -------------  -------------------------  ------------------------  ------------------------ 
                                                                                                     Nominal        Delta 
-------------  ---------------  -------------  -------------------------  ------------------------  -------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ------------------------------------------------------------- 
 
   17,840,856                                                     5.64% 
-------------------------------------------------------------  ------------------------------------------------------------- 
 
 
 
 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: 
------------------------------------------------------------------------------  -------------------- 
 
 
  13. Additional information: 
------------------------------------------------------------------------------  -------------------- 
 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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August 14, 2017 02:00 ET (06:00 GMT)