For filings with the FCA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer Paragon Diamonds
of existing shares to which voting rights are Limited ("Paragon" or
attached:ii the "Company")
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) subject to the TITANIUM CAPITAL
notification obligation:iii INVESTMENTS LIMITED
4. Full name of shareholder(s)
(if different from 3.):iv
5. Date of the transaction and date on
which the threshold is crossed or 27/2/2015
reached: v
6. Date on which issuer notified: 02/3/2015
7. Threshold(s) that is/are crossed or ABOVE 21%
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of Situation previous Resulting situation after the triggering
shares to the triggering transaction
transaction
if possible Number Number Number Number of voting % of voting rights
using of of of shares rights x
the ISIN CODE Shares Voting
Rights Direct Direct xi Indirect Direct Indirect
xii
24,000,000 24,000,000 60,000,000 60,000,000 21.8%
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 xiv rights that may be rights
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 rights % of voting
financial price date xvii Conversion instrument refers to rights xix, xx
instrument period xviii
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
60,000,000 21.8%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
Titanium Capital Investments Limited is a private equity investment group of
companies which is controlled by Philip Falzon Sant Manduca, the Executive
Chairman of Paragon.
Philip Falzon Sant Manduca is also interested in 700,000 ordinary shares of 1
pence each in the Company ("Ordinary Shares")via a pension scheme.
Philip Falzon Sant Manduca's total holding in Paragon is therefore now
60,700,000 Ordinary Shares which represents 22.0% of the Company's total voting
rights.
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: Hugo Philion
15. Contact telephone number: 020 7182 1920
Note: Annex should only be submitted to the FCA not the issuer
Annex: Notification of major interests in sharesxxii
A: Identity of the persons or legal entity subject to the notification
obligation
Full name
(including legal form of legal Paragon Diamonds Limited
entities)
Contact address
(registered office for legal Dixcart House, Sir William Place, St Peter Port,
entities) Guernsey, GY1 1GX
Phone number & email
02071821920
Other useful information
(at least legal representative for
legal persons)
B: Identity of the notifier, if applicable
Full name
Hugo Philion
Contact address 103 Mount Street,
London W1K 2TJ
Phone number & email
02071821920
Other useful information
(e.g. functional relationship with the person or legal entity
subject to the notification obligation)
C: Additional information
For notes on how to complete form TR-1 please see the FCA website.
