Polemos PLC Holding(s) in Company (5866H)

TIDMPLMO

RNS Number : 5866H

Polemos PLC

08 June 2017

8 June 2017

Polemos plc

("Polemos" or the "Company")

Holding(s) in Company

The Board of Polemos announces that the Company has received the following TR-1 notification which is set out below.

For further information, please contact:

 
Polemos plc                           [phone] 
 Hamish Harris                         0640 
Beaumont Cornish Limited (Nominated 
 Adviser and Broker) 
 James Biddle                         [phone] 
 Michael Cornish                       3396 
Peterhouse Corporate Finance 
 (Joint Broker)                       [phone] 
 Lucy Williams                         0930 
 
 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                               Polemos PLC (PLMO) 
  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)                                         Pelamis Investments Limited 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  --------------------------------- 
 4. Full name of shareholder(s)                                Mr. David Christian Steinepreis 
  (if different from 3.):(iv) 
-----------------------------------------------------------  --------------------------------- 
 5. Date of the transaction                                                        7 June 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------- 
 6. Date on which issuer                                                           8 June 2017 
  notified: 
-----------------------------------------------------------  --------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                     2.55% 
-----------------------------------------------------------  --------------------------------- 
 
 
 
 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                    % of voting 
                 of                of                of shares      voting                       rights (x) 
                 Shares            Voting                           rights 
                                   Rights 
-------------  ----------------  ----------------  -------------  ---------------------------  ------------------------- 
                                                    Direct         Direct         Indirect      Direct        Indirect 
                                                                    (xi)           (xii) 
-------------      ------------    ------------    -------------  -------------  ------------  ------------  ----------- 
 
 GB0032654641   170,000,500       170,000,500       75,000,000     75,000,000                   2.55% 
-------------  ----------------  ----------------  -------------  -------------  ------------  ------------  ----------- 
 
 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 
---------------------------------------------------  ------------------------------------------------------------------- 
 75,000,000                                           2.55% 
---------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------------- 
                        Pelamis Investments Limited hold 75,000,000 shares in 
                                                                  Polemos Plc 
                       Mr. David Christian Steinepreis disposed of 95,000,500 
                        shares in Polemos Plc in his own name as of yesterday 
                     7(th) June 2017, he is a director of Pelamis Investments 
                                                                      Limited 
 
 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:                                              Linda Dowding 
-------------------------------------------------------------  -------------- 
 15. Contact telephone number:                                   01481 720581 
-------------------------------------------------------------  -------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 08, 2017 10:30 ET (14:30 GMT)