Tungsten Corporation PLC Holding(s) in Company (0838M)
16 January 2016 - 2:50AM
UK Regulatory
TIDMTUNG
RNS Number : 0838M
Tungsten Corporation PLC
15 January 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or Tungsten Corporation 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) Indus Capital Partners, LLC
subject to the
notification obligation:
(iii)
----------------------------------------------------------- -----------------------------
4. Full name of shareholder(s) UBS, AG
(if different from 3.):(iv)
----------------------------------------------------------- -----------------------------
5. Date of the transaction January 13, 2016
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- -----------------------------
6. Date on which issuer January 13, 2016
notified:
----------------------------------------------------------- -----------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 10%
----------------------------------------------------------- -----------------------------
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)
--------------- ------------ ------------ -------------- --------- ------------ ------------ -----------
GB00B7Z0Q502 401,872 401,872 859,922 0.68%
---------------- ---------------- -------------- --------- ------------ ------------ -----------
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)
----------------- -------------- -------------- ---------------- ------------------------- -----------------------
Swap referenced N/A 05/17/18 N/A 11,852,628 Nominal Delta
to ordinary
shares
(GB00B7Z0Q502)
----------------- -------------- -------------- ---------------- ------------------------- ------------ ---------
9.40
--------------- ------------ ------------ ------------ ------- ------------ ------------ ---------
Total (A+B+C)
-----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
----------------------------------------------------- ----------------------------------------------------------------
12,712,550 10.08
----------------------------------------------------- ----------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
-------------------------------------------------------------------------------
Indus Capital Partners, LLC is an investment management
firm that manages the assets of certain investment funds
that hold the positions described in section 8 of this
form.
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: Fred Teitscheid
------------------------------------------------------------- ----------------
15. Contact telephone number: 203-705-2177
------------------------------------------------------------- ----------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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