Chenavari Toro Income Fund Limited Notification of Major Shareholding (7843K)
13 April 2018 - 4:00PM
UK Regulatory
TIDMTORO
RNS Number : 7843K
Chenavari Toro Income Fund Limited
13 April 2018
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS
----------------------------------------------------------------------------------------------------
1a. Identity of the issuer CHENAVARI TORO INCOME FUND
or the underlying issuer LIMITED (ISIN: GGBWBSDM98)
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)
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Non-UK issuer X
------------------------------------------------------------------------------------- -------------
2. Reason for the notification (please mark the appropriate
box or boxes with an "X")
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An acquisition or disposal of voting rights
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An acquisition or disposal of financial instruments
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An event changing the breakdown of voting rights
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Other (please specify)(iii) : New employee hire X
leading to increase in concert party aggregate above
disclosable threshold
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3. Details of person subject to the notification obligation(iv)
Name CHENAVARI GROUP
City and country of registered LONDON, UK
office (if applicable)
4. Full name of shareholder(s) (if different from 3.)(v)
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CHENAVARI EUROPEAN OPPORTUNISTIC LOIC FERY
CREDIT FUND LIMITED
------------------------------------------------ --------------------------------------------------
FREDERIC COUDERC BENOIT PELLEGRINI
------------------------------------------------ --------------------------------------------------
CHENAVARI INVESTMENT MANAGERS BENJAMIN JACQUARD
HOLDINGS
------------------------------------------------ --------------------------------------------------
MALEK MESLEMANI MICK VASILACHE
------------------------------------------------ --------------------------------------------------
ROBERTO SILVOTTI GUY GOYARD
------------------------------------------------ --------------------------------------------------
DEMIAN BRASIL JEREMIE BENICHOU
------------------------------------------------ --------------------------------------------------
JEAN FAU ANNE FERY
------------------------------------------------ --------------------------------------------------
ALLY CHOW STEVE SABATIER
------------------------------------------------ --------------------------------------------------
ANTON SPADAR EDWARD SMALLEY
------------------------------------------------ --------------------------------------------------
TI CHEN
------------------------------------------------ --------------------------------------------------
City and country of registered
office (if applicable)
------------------------------------------------ --------------------------------------------------
5. Date on which the threshold 09 APRIL 2018
was crossed or reached(vi)
:
------------------------------------------------ --------------------------------------------------
6. Date on which issuer notified 12 APRIL 2018
(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 51.02% 51.02% 165,749,341
---------------------- ------------------------ ---------------- ----------------- -------------
Position
of previous
notification
(if
applicable) 34.10% 34.10%
---------------------- ------------------------ ---------------- ----------------- -------------
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 (ISIN:
GGBWBSDM98) 165,749,341 51.02%
---------------------- --------------------- -------------- ------------------------------ ---------------
SUBTOTAL
8. A 165,749,341 51.02%
---------------------- ------------------------------------- -----------------------------------------------
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 0 0
-------------- ------------------------------ ---------------
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 0 0
----------------- ----------- ---------------
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 rights through if it equals
it equals financial instruments or is higher
or is higher if it equals than the notifiable
than the or is higher threshold
notifiable than the notifiable
threshold threshold
--------------------------- -------------- ----------------------- ---------------------
CHENAVARI CREDIT PARTNERS
LLP
--------------------------- -------------- ----------------------- ---------------------
CHENAVARI EUROPEAN
OPPORTUNISTIC CREDIT
FUND LIMITED 29.766%
--------------------------- -------------- ----------------------- ---------------------
LOIC FERY 5.88%
--------------------------- -------------- ----------------------- ---------------------
FREDERIC COUDERC 4.62%
--------------------------- -------------- ----------------------- ---------------------
BENOIT PELLEGRINI 3.64%
--------------------------- -------------- ----------------------- ---------------------
CHENAVARI INVESTMENT
MANAGERS HOLDINGS
--------------------------- -------------- ----------------------- ---------------------
BENJAMIN JACQUARD
--------------------------- -------------- ----------------------- ---------------------
MALEK MESLEMANI
--------------------------- -------------- ----------------------- ---------------------
MICK VASILACHE
--------------------------- -------------- ----------------------- ---------------------
ROBERTO SILVOTTI
--------------------------- -------------- ----------------------- ---------------------
GUY GOYARD
--------------------------- -------------- ----------------------- ---------------------
DEMIAN BRASIL
--------------------------- -------------- ----------------------- ---------------------
JEREMIE BENICHOU
--------------------------- -------------- ----------------------- ---------------------
JEAN FAU
--------------------------- -------------- ----------------------- ---------------------
ANNE FERY
--------------------------- -------------- ----------------------- ---------------------
ALLY CHOW
--------------------------- -------------- ----------------------- ---------------------
STEVE SABATIER
--------------------------- -------------- ----------------------- ---------------------
ANTON SPADAR
--------------------------- -------------- ----------------------- ---------------------
EDWARD SMALLEY
--------------------------- -------------- ----------------------- ---------------------
TI CHEN
--------------------------- -------------- ----------------------- ---------------------
10. In case of proxy voting, please identify:
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Name of the proxy holder N/A
------------------------------------------- ----------------------------------------------
The number and % of voting rights
held
------------------------------------------- ----------------------------------------------
The date until which the voting
rights will be held
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11. Additional information(xvi)
-------------------------------------------------------------------------------------------
CHENAVARI GROUP'S AGGREGATE HOLDING COMPRISES OF EMPLOYEES,
RELATIONS OF EMPLOYEES, GROUP ENTITIES AND CLIENT ASSETS
UNDER DISCRETIONARY PORTFOLIO MANAGEMENT.
CHENAVARI CREDIT PARTNERS LLP, A FCA AUTHORISED AND
REGULATED ENTITY WITHIN THE CHENAVARI GROUP, IS THE
PORTFOLIO MANAGER TO THE ISSUER.
-------------------------------------------------------------------------------------------
Place of completion LONDON, UK
-------------------- --------------
Date of completion 12 APRIL 2018
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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