Challenger Acquisitions Limited Holding(s) in Company (6686Q)
14 September 2017 - 12:10AM
UK Regulatory
TIDMCHAL
RNS Number : 6686Q
Challenger Acquisitions Limited
13 September 2017
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant
issuer and to the FCA in Microsoft Word format if possible)(i)
----------------------------------------------------------------------------------------------------
1a. Identity of the issuer Challenger Acquisitions Limited
or the underlying issuer
of existing shares to which
voting rights are attached(ii)
:
------------------------------------------------- -------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer
(please mark with an "X" if appropriate)
----------------------------------------------------------------------------------------------------
Non-UK issuer X
------------------------------------------------------------------------------------- -------------
2. Reason for the notification (please mark the appropriate
box or boxes with an "X")
----------------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights X
------------------------------------------------------------------------------------- -------------
An acquisition or disposal of financial instruments
------------------------------------------------------------------------------------- -------------
An event changing the breakdown of voting rights
------------------------------------------------------------------------------------- -------------
Other (please specify)(iii) :
------------------------------------------------------------------------------------- -------------
3. Details of person subject to the notification obligation(iv)
Name YA II CD, Ltd.
City and country of registered
office (if applicable)
4. Full name of shareholder(s) (if different from 3.)(v)
----------------------------------------------------------------------------------------------------
Name Jarvis Investment Management
Ltd.*
------------------------------------------------- -------------------------------------------------
City and country of registered
office (if applicable)
------------------------------------------------- -------------------------------------------------
5. Date on which the threshold 12 September 2017
was crossed or reached(vi)
:
------------------------------------------------- -------------------------------------------------
6. Date on which issuer notified 12 September 2017
(DD/MM/YYYY):
------------------------------------------------- -------------------------------------------------
7. Total positions of person(s) subject to the notification
obligation
----------------------------------------------------------------------------------------------------
% of voting % of voting Total of Total number
rights attached rights through both in % of voting
to shares financial (8.A + 8.B) rights of
(total of instruments issuer(vii)
8. A) (total of
8.B 1 + 8.B
2)
---------------------- ------------------------- ---------------- ---------------- -------------
Resulting
situation
on the date
on which
threshold
was crossed
or reached 9.13% 9.13% 164,220,615
---------------------- ------------------------- ---------------- ---------------- -------------
Position
of previous
notification
(if
applicable) 0.00% 0.00%
---------------------- ------------------------- ---------------- ---------------- -------------
8. Notified details of the resulting situation on the
date on which the threshold was crossed or reached(viii)
--------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
--------------------------------------------------------------------------------------------------------------
Class/type Number of voting rights(ix) % of voting rights
of
shares
ISIN code
(if possible)
-----------------------
Direct Indirect Direct Indirect
(Art 9 of (Art 10 of (Art 9 of (Art 10 of
Directive Directive Directive Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
---------------------- --------------------- -------------- ------------------------------ --------------
Ordinary
Shares (GG00BV0LCK35) 15,000,000 0 9.13% 0.00%
----------------------- --------------------- -------------- ------------------------------ --------------
SUBTOTAL
8. A 15,000,000 9.13%
----------------------- ------------------------------------- ----------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a)
of Directive 2004/109/EC (DTR5.3.1.1 (a))
--------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date(x) Conversion rights that rights
Period(xi) may be acquired
if the instrument
is
exercised/converted.
----------------------- --------------------- -------------- ------------------------------ --------------
SUBTOTAL 8.
B 1
-------------- ------------------------------ --------------
B 2: Financial Instruments with similar economic effect
according to Art. 13(1)(b) of Directive 2004/109/EC
(DTR5.3.1.1 (b))
--------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Physical Number % of voting
financial date(x) Conversion or cash of voting rights
instrument Period settlement(xii) rights
(xi)
---------------------- ---------------------- -------------- ----------------- ----------- --------------
SUBTOTAL
8.B.2
----------------- ----------- --------------
9. Information in relation to the person subject to
the notification obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is
not controlled by any natural person or legal entity
and does not control any other undertaking(s) holding
directly or indirectly an interest in the (underlying)
issuer(xiii)
Full chain of controlled undertakings through which X
the voting rights and/or the
financial instruments are effectively held starting
with the ultimate controlling natural person or
legal entity(xiv) (please add additional rows as
necessary)
-------------------------------------------------------------------- ---------------------
Name(xv) % of voting % of voting Total of both
rights if it rights through if it equals
equals or is financial instruments or is higher
higher than if it equals than the notifiable
the notifiable or is higher threshold
threshold than the notifiable
threshold
------------------------- ---------------- ----------------------- ---------------------
Yorkville Advisors
Global II, LLC
(General Partner
of the Investment
Manager) 9.13% 9.13%
------------------------- ---------------- ----------------------- ---------------------
Yorkville Advisors
Global, LP (Investment
Manager of YA
II CD, Ltd.) 9.13% 9.13%
------------------------- ---------------- ----------------------- ---------------------
YA II CD, Ltd. 9.13% 9.13%
------------------------- ---------------- ----------------------- ---------------------
10. In case of proxy voting, please identify:
-------------------------------------------------------------------------------------------
Name of the proxy holder
------------------------------------------- ----------------------------------------------
The number and % of voting
rights held
------------------------------------------- ----------------------------------------------
The date until which the
voting rights will be held
------------------------------------------- ----------------------------------------------
11. Additional information(xvi)
-------------------------------------------------------------------------------------------
*The Ordinary Shares are held by Jarvis Investment Management
in CREST for the benefit of YA II CD, Ltd.
The shareholder is the holder of Convertible Note Instrument
dated 10 June 2016. The shareholder submitted a conversion
notice on August 21, 2017 regarding 37,671,142 Ordinary
Shares of the Issuer (the "Conversion Shares") which
represented 22.94% of the aggregate voting rights of
the Issuer. 22,671,142 of the Conversion Shares were
sold by the shareholder to independent third parties
between August 22, 2017 and September 12, 2017 (the
"Trades"). The Conversion Shares were issued on September
12, 2017 and were used to settle the Trades. Jarvis
is currently long 15,000,000 shares of the Issuer as
of September 12, 2017. This notification of major holdings
is being filed in connection with the receipt and disposal
of the Conversion Shares in connection with the Trades
-------------------------------------------------------------------------------------------
Place of completion Mountainside, New Jersey, USA
-------------------- ------------------------------
Date of completion 12 September 2017
-------------------- ------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
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