Ashcourt Rowan PLC Holding(s) in Company (4393Y)

TIDMARP
RNS Number : 4393Y
Ashcourt Rowan PLC
24 January 2014
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                        Ashcourt Rowan plc 
  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 
-----------------------------------------------------------------------------  ------- 
 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                  X 
  effect to qualifying financial instruments 
-----------------------------------------------------------------------------  ------- 
 An event changing the breakdown of voting rights 
-----------------------------------------------------------------------------  ------- 
 Other (please 
  specify): 
-------------------  --------------------------------------------------------  ------- 
 3. Full name of person(s) subject                         Polygon Global Partners LLP 
  to the                                                         Reade Eugene Griffith 
  notification obligation: (iii) 
--------------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s)                          State Street Nominees Limited 
  (if different from 3.):(iv) 
--------------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date                                   21 January 2014 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:                                     23 January 2014 
--------------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                               21% 
--------------------------------------------  ---------------------------------------- 
 
 
 
 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          rights                   (x) 
                    Shares          Voting              shares 
                                    Rights 
----------------  --------------  -------------------  ---------  -----------------------  ----------------------------- 
                                                        Direct     Direct       Indirect    Direct          Indirect 
                                                                    (xi)         (xii) 
----------------    ---  -------  ------  -----  ----  ---------  -----------  ----------  --------------  ------------- 
 
  Ordinary 
  shares 
  (GB00B6540P35)   3,500,185       9.90%                                        3,500,185                   9.90% 
                  --------------  -------------------  ---------  -----------  ----------  --------------  ------------- 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------ 
 Type of financial        Expiration       Exercise/                    Number of voting              % of voting 
  instrument               date (xiii)      Conversion Period            rights that may               rights 
                                            (xiv)                        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 financial   Exercise      Expiration     Exercise/        Number of voting              % of voting rights 
  instrument          price         date (xvii)    Conversion       rights instrument             (xix, xx) 
                                                   period           refers to 
                                                   (xviii) 
------------------  ------------  -------------  ---------------  ----------------------------  ------------------------ 
 Total return                                                      3,966,765                     Nominal       Delta 
 swap relating 
 to ordinary 
 shares 
 (GB00B6540P35) 
------------------  ------------  -------------  ---------------  ----------------------------  ------------  ---------- 
                                                                                                               11.22% 
----------------    ---  -------  ------  -----  ----  -------    ---  ------  ----------  ---  ------------  ---------- 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                         Percentage of voting rights 
--------------------------------------------------------------  -------------------------------------------------------- 
 7,466,950                                                       21.12% 
--------------------------------------------------------------  -------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------------- 
 
   Reade Griffith holds a majority of the voting rights in Polygon Global 
   Partners LLP. Consequently, Polygon Global Partners LLP is a "controlled 
   undertaking" in relation to Mr. Griffith. 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                                     N/a 
-----------------------------------------------------  ------------------------------- 
 11. Number of voting rights proxy holder will                                     N/a 
  cease 
  to hold: 
-----------------------------------------------------  ------------------------------- 
 12. Date on which proxy holder will cease to                                      N/a 
  hold 
  voting rights: 
-----------------------------------------------------  ------------------------------- 
 
 
  13. Additional information:               The positions that gave rise to the 
                                            notification obligation are held by 
                                            Tetragon Financial Group Master Fund 
                                            Limited ("TFG"). Tetragon Financial 
                                            Management LP ("TFM") has been appointed 
                                            as the investment manager of TFG. 
                                            Polygon Global Partners LLP provides 
                                            certain services to TFM pursuant to 
                                            a services agreement between them. 
----------------------------------------  -------------------------------------------- 
 14. Contact name:                                                 Sean Côté 
----------------------------------------  -------------------------------------------- 
 15. Contact telephone number:                                           0207 901 8330 
----------------------------------------  --------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLEAXFLALKLEEF
Ashcourt (LSE:ARP)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024