Tri-Star Resources PLC Holding in Company (0318J)
23 June 2017 - 9:05PM
UK Regulatory
TIDMTSTR
RNS Number : 0318J
Tri-Star Resources PLC
23 June 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or TRI-STAR RESOURCES 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
------------------------------------------------------------------ --------------------------
Other (please
specify):
--------------------------------------------------------- ------- --------------------------
3. Full name of person(s) ODEY ASSET MANAGEMENT LLP
subject to the
notification obligation:
(iii)
----------------------------------------------------------- ---------------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv)
----------------------------------------------------------- ---------------------------------
5. Date of the transaction 21 JUNE 2017
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- ---------------------------------
6. Date on which issuer 23 JUNE 2017
notified:
----------------------------------------------------------- ---------------------------------
7. Threshold(s) that is/are ABOVE 53%
crossed or
reached: (vi, vii)
----------------------------------------------------------- ---------------------------------
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
Share
(GB0033646281) 0 0 10,577,466,582 10,577,466,582 53.85%
--------------- --------------- --------------- ----------------- ----------------- ----------- ------------ -----------
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
--------------------------------------------------- --------------------------------------------------------------------------
10,577,466,582 53.85%
--------------------------------------------------- --------------------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
------------------------------------------------------------------------------------------------
Odey European Inc. holds 29.44%, OEI MAC holds 21.46%.
The Odey Swan Fund holds less than 3%.
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:
------------------------------------------------------------- ---------------------------------
Opening disclosure. Odey
13. Additional information: Asset Management LLP secured
a whitewash waiver under
the takeover rules which
meant that its convertible
loan notes were converted
into shares with a percentage
of voting rights >30% without
the requirement to make a
takeover offer for the company.
------------------------------------------------------------- ---------------------------------
14. Contact name: FERGUS LEE
------------------------------------------------------------- ---------------------------------
15. Contact telephone number: 020 72081400
------------------------------------------------------------- ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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