Tungsten Corporation PLC Holding(s) in Company (5227I)

TIDMTUNG TIDM50WI

RNS Number : 5227I

Tungsten Corporation PLC

09 December 2015

 
 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
--------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                           Tungsten Corp 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)                                               Morgan Stanley 
  subject to the                                                    (Institutional Securities 
  notification obligation:                                     Group and Global Wealth Management) 
  (iii) 
-----------------------------------------------------------  -------------------------------------- 
 4. Full name of shareholder(s)                                Morgan Stanley & Co. International 
  (if different from 3.):(iv)                                                  plc 
-----------------------------------------------------------  -------------------------------------- 
 5. Date of the transaction                                                04.12.2015 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  -------------------------------------- 
 6. Date on which issuer                                                   08.12.2015 
  notified: 
-----------------------------------------------------------  -------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                         8%, 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 shares       rights                      rights (x) 
                   Shares           Voting 
                                    Rights 
---------------  ---------------  -------------  --------------  --------------------------  ------------------------- 
                                                  Direct          Direct        Indirect      Direct        Indirect 
                                                                   (xi)          (xii) 
---------------    -----------    -----------    --------------  ------------  ------------  ------------  ----------- 
 
   GB00B7Z0Q502 
                                  -----------                                  ------------                ----------- 
                  6,155,277        6,155,277      4,692,640       4,692,640                   3.74% 
---------------  ---------------  -------------  --------------  ------------  ------------  ------------    --------- 
 
 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                   rights 
 instrument                                      Period (xiv)        may be 
                                                                     acquired if 
                                                                     the 
                                                                     instrument 
                                                                     is 
                                                                     exercised/ 
                                                                     converted. 
-----------------  --------------------------  ------------------  ----------------------------  --------------------- 
 Right of Recall 
 over a 
 securities 
 lending 
 agreement          N/A                         N/A                            377,445                    0.30% 
-----------------  --------------------------  ------------------  ----------------------------  --------------------- 
 
 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) 
---------------  -------------  -------------  ----------------  ----------------------------  ----------------------- 
 Equity Swap      N/A                           N/A                                             Nominal       Delta 
 (Cash-Settled) 
---------------  -------------                 ----------------                                ------------  --------- 
                                 23/12/2015                       3,500,000                     N/A           2.79% 
---------------    -----------  -------------      ------------  ----------------------------  ------------  --------- 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                            Percentage of voting rights 
-------------------------------------------------  ------------------------------------------------------------------- 
 
   8,570,085                                          6.83% 
-------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------ 
 
   Morgan Stanley & Co. International plc, 25 Cabot Square, 
   Canary Wharf, London E14 4QA is a direct holder of 
   8,256,867 voting rights (6.58%) and is a subsidiary 
   of Morgan Stanley Investments (UK) 
 
   Morgan Stanley Investments (UK), 20 Bank Street, Canary 
   Wharf, London E14 4AD is an indirect holder of 
   8,256,867 voting rights (6.58%) and is a subsidiary 
   of Morgan Stanley UK Group 
 
   Morgan Stanley UK Group, 25 Cabot Square, Canary Wharf, 
   London E14 4QA is an indirect holder of 
   8,256,867 voting rights (6.58%) and is a subsidiary 
   of Morgan Stanley International Limited 
 
   Morgan Stanley International Limited, 25 Cabot Square, 
   Canary Wharf, London E14 4QA is an indirect holder of 
   8,256,867 voting rights (6.58%) and is a subsidiary 
   of Morgan Stanley International Holdings Inc. 
 
   Morgan Stanley International Holdings Inc., c/o The 
   Corporation Trust Company (DE), Corporation Trust Center, 
   1209 Orange Street, Wilmington, Delaware 19801, USA 
   is an indirect holder of 8,256,867 voting rights (6.58%) 
   and is a subsidiary of the beneficial owner Morgan Stanley 
 
 Proxy Voting: 
------------------------------------------------------------------------ 
 10. Name of                                               N/A 
  the proxy holder: 
--------------------------------------------------------  -------------- 
 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: 

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December 09, 2015 06:42 ET (11:42 GMT)