Tungsten Corporation PLC Holding(s) in Company (0838M)

TIDMTUNG

RNS Number : 0838M

Tungsten Corporation PLC

15 January 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                     Tungsten Corporation 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)                                     Indus Capital Partners, LLC 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ----------------------------- 
 4. Full name of shareholder(s)                                                    UBS, AG 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ----------------------------- 
 5. Date of the transaction                                               January 13, 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------- 
 6. Date on which issuer                                                  January 13, 2016 
  notified: 
-----------------------------------------------------------  ----------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                   10% 
-----------------------------------------------------------  ----------------------------- 
 
 
 
 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) 
---------------      ------------    ------------    --------------  ---------  ------------  ------------  ----------- 
 GB00B7Z0Q502     401,872           401,872                                      859,922                     0.68% 
                 ----------------  ----------------  --------------  ---------  ------------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------- 
 Type of financial    Expiration      Exercise/                         Number of voting           % of voting 
  instrument           date            Conversion                        rights that                rights 
                       (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) 
-----------------  --------------  --------------  ----------------  -------------------------  ----------------------- 
 Swap referenced    N/A             05/17/18        N/A               11,852,628                 Nominal       Delta 
 to ordinary 
 shares 
 (GB00B7Z0Q502) 
-----------------  --------------  --------------  ----------------  -------------------------  ------------  --------- 
                                                                                                               9.40 
---------------      ------------    ------------      ------------    -------  ------------    ------------  --------- 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                Percentage of voting rights 
-----------------------------------------------------  ---------------------------------------------------------------- 
 12,712,550                                             10.08 
-----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------- 
 Indus Capital Partners, LLC is an investment management 
  firm that manages the assets of certain investment funds 
  that hold the positions described in section 8 of this 
  form. 
 
 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:                                              Fred Teitscheid 
-------------------------------------------------------------  ---------------- 
 15. Contact telephone number:                                     203-705-2177 
-------------------------------------------------------------  ---------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 15, 2016 10:50 ET (15:50 GMT)