President Energy PLC Holding(s) in Company (2379R)
08 December 2016 - 2:50AM
UK Regulatory
TIDMPPC TIDM85FB
RNS Number : 2379R
President Energy PLC
07 December 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
------------------------------------------------------------------------------------------------
1. Identity of the issuer or President Energy 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 x
------------------------------------------------------------ ----------------------------------
Other (please
specify):
---------------------------------------------------------- ----------------------------------
3. Full name of person(s) International Finance Corporation
subject to the ("IFC")([i])
notification obligation:
(iii)
----------------------------------------------------------- -----------------------------------
4. Full name of shareholder(s) N/A
(if different from 3.):(iv)
----------------------------------------------------------- -----------------------------------
5. Date of the transaction Dec 5, 2016
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- -----------------------------------
6. Date on which issuer Dec 6, 2016
notified:
----------------------------------------------------------- -----------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 13.0%
----------------------------------------------------------- -----------------------------------
[i] IFC is an international organization established by Articles
of Agreement among its member countries, including United Kingdom
of Great Britain and Northern Ireland, and as such, enjoys certain
immunities, privileges and exemptions, including the freedom of all
of its property and assets from restrictions, regulations, controls
and moratoria of any nature. The voluntary provision by IFC of the
following information does not in any way constitute or imply a
waiver, termination or modification by IFC of any privilege,
immunity or exemption of IFC granted in the Articles of Agreement
establishing IFC, international conventions, or applicable law.
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)
------------- ----------- ----------- -------------- -------------- ------------ ------------ -----------
Ordinary
Shares
GB00B3DDP128 74,373,608 74,373,608 111,847,848 111,847,848 0 11.73% 0
------------- --------------- --------------- -------------- -------------- ------------ ------------ -----------
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.
----------------- ------------- ------------------------------- ------------------------------ ---------------------
N/A N/A N/A N/A N/A
----------------- ------------- ------------------------------- ------------------------------ ---------------------
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)
--------------- ------------- ------------- ---------------- ------------------------------ -----------------------
Share warrant GBP0.1875 Mar Nominal Delta
20,
2018
--------------- ------------- ------------- ---------------- ------------ ---------
20,802,180 2.18%
------------- ----------- ----------- ------------ ------------------------------ ------------ ---------
Total (A+B+C)
------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------- ---------------------------------------------------------------------
132,650,028 13.91%
------------------------------------------------- ---------------------------------------------------------------------
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: N/A
------------------------------------------------------- --------------------------------
14. Contact name: Director, Global Infrastructure
and Natural Resources
------------------------------------------------------- --------------------------------
15. Contact telephone number: +1 (202) 473 9503
------------------------------------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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