Sacoven PLC Notification of Major Interest in Shares (7832S)

TIDMSCN

RNS Number : 7832S

Sacoven PLC

22 March 2016

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                                    SACOVEN 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                                 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)                                     Duet Asset Management Limited 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------- 
 4. Full name of shareholder(s)                                    Duet Africa Opportunities 
  (if different from 3.):(iv)                                                 Master Fund IC 
-----------------------------------------------------------  ------------------------------- 
 5. Date of the transaction                                                       16/03/2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------- 
 6. Date on which issuer                                                          18/03/2016 
  notified: 
-----------------------------------------------------------  ------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                      8% 
-----------------------------------------------------------  ------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type       Situation                         Resulting situation after the 
  of               previous                          triggering transaction 
  shares           to the triggering 
                   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) 
-------------      -------------    -------------  --------------  ----------  ------------  ------------  ----------- 
 JE00B7YH8W36     0                0                498,500         498,500     n/a           8.33          n/a 
                 ---------------  ---------------  --------------  ----------  ------------  ------------  ----------- 
 
 
 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 
---------------------------------------------------  ----------------------------------------------------------------- 
 498,500                                              8.33% 
---------------------------------------------------  ----------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------------- 
 
                                                                          n/a 
 
 Proxy Voting: 
----------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                            n/a 
-------------------------------------------------------  -------------------- 
 11. Number of voting rights proxy                                        n/a 
  holder will cease 
  to hold: 
-------------------------------------------------------  -------------------- 
 12. Date on which proxy holder will                                      n/a 
  cease to hold 
  voting rights: 
-------------------------------------------------------  -------------------- 
 
                                                                            - 
  13. Additional information: 
-------------------------------------------------------  -------------------- 
 14. Contact name:                                               Ballal Jiwan 
-------------------------------------------------------  -------------------- 
 15. Contact telephone number:                            [phone] 
-------------------------------------------------------  -------------------- 
 
 

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March 22, 2016 03:02 ET (07:02 GMT)