TIDMTBGR

RNS Number : 7262A

Tiso Blackstar Group SE

28 March 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                 TISO BLACKSTAR GROUP SE 
  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)                                    PROTEA ASSET MANAGEMENT LLC 
  subject to the                                                           AND 
  notification obligation:                                       CONDUIT CAPITAL LIMITED 
  (iii) 
-----------------------------------------------------------  ----------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ----------------------------- 
 5. Date of the transaction                                        FEBRUARY 23, 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------- 
 6. Date on which issuer                                             MARCH 23, 2017 
  notified: 
-----------------------------------------------------------  ----------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                       3% 
-----------------------------------------------------------  ----------------------------- 
 
 
 
 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          voting                   rights (x) 
                  Shares                      Voting           shares      rights 
                                              Rights 
--------------  --------------------------  ----------------  ---------  -----------------------  ------------------------- 
                                                               Direct     Direct        Indirect   Direct        Indirect 
                                                                           (xi)          (xii) 
--------------      ---------  -----------      ------------  ---------  ------------  ---------  ------------  ----------- 
 
  MT0000620113   7,933,611                   7,933,611                    7,990,456                3.006% 
                --------------------------  ----------------  ---------  ------------  ---------  ------------  ----------- 
 
 
 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) 
----------------  -----------  ---------------  --------------  ----------------------------------  ----------------------- 
                                                                                                     Nominal       Delta 
----------------  -----------  ---------------  --------------  ----------------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                         Percentage of voting rights 
--------------------------------------------------------------  ----------------------------------------------------------- 
      7,990,456                                                  3.006% 
--------------------------------------------------------------  ----------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------------------- 
      Our group, which is deemed to be under common control, 
       is comprised of: 
 
       1. Protea Asset Management LLC ("Protea") = 7,448,284 
       shares, and 
 
       2. Conduit Capital Limited ("Conduit") = 542,172 shares 
 
       Address for Protea (a US limited partnership) is as 
       follows: 
 
       3 Columbus Circle, 15th Floor 
       New York, NY 
       10019 
       Address for Conduit (a JSE listed company) is as follows: 
 
       Unit 9, 4 Homestead Avenue 
       Bryanston, Sandton 
       2191 
 
 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:                                                  ADRIAN MAIZEY 
-----------------------------------------------------------------  ---------------- 
 15. Contact telephone number:                                      +1-203-489-2032 
-----------------------------------------------------------------  ----------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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