TIDMEWR

RNS Number : 9297J

East West Resources PLC

18 June 2014

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying                          East West Resources PLC 
  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                                            Yes 
-----------------------------------------------------------------------------------  -------- 
 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                                       Kestrel Partners LLP 
  to the 
  notification obligation: (iii) 
--------------------------------------------  ----------------------------------------------- 
 4. Full name of shareholder(s)                     Kestrel Opportunities, a cell of Guernsey 
  (if different from 3.):(iv)                       Portfolios PCC Ltd (through Rose Nominees 
                                                    Ltd) and various other clients of Kestrel 
                                                           Partners LLP (through JIM Nominees 
                                                                                         Ltd) 
--------------------------------------------  ----------------------------------------------- 
 5. Date of the transaction and date                                             13 June 2014 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  ----------------------------------------------- 
 6. Date on which issuer notified:                                               18 June 2014 
--------------------------------------------  ----------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                      13% 
--------------------------------------------  ----------------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------ 
 Class/type     Situation previous                      Resulting situation after the triggering 
 of              to the triggering                       transaction 
 shares          transaction 
 
 if possible 
 using 
 the ISIN 
 CODE 
-------------  --------------------------------------  ----------------------------------------------------------------- 
                Number            Number                Number     Number of voting         % of voting rights 
                 of                of                   of          rights                   (x) 
                 Shares            Voting               shares 
                                   Rights 
-------------  ----------------  --------------------  ---------  -----------------------  ----------------------------- 
                                                        Direct     Direct      Indirect     Direct         Indirect 
                                                                    (xi)        (xii) 
-------------    -----  -------  ------  ------  ----  ---------  ----------  -----------  -------------  -------------- 
 Ordinary 
 Shares 
 of 10p each 
 ISIN 
 GB0003763140   13,669,485        13,669,485            n/a        n/a         14,119,485   n/a            13.21% 
               ----------------  --------------------  ---------  ----------  -----------  -------------  -------------- 
 
 
 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             rights that may              rights 
                                           (xiv)                         be 
                                                                         acquired if the 
                                                                         instrument is 
                                                                         exercised/ converted. 
----------------------  ---------------  ----------------------------  ---------------------------  -------------------- 
 n/a                     n/a              n/a                           n/a                          n/a 
----------------------  ---------------  ----------------------------  ---------------------------  -------------------- 
 
 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 rights 
 financial         price           date (xvii)     Conversion       rights instrument            (xix, xx) 
 instrument                                        period           refers to 
                                                   (xviii) 
---------------  --------------  --------------  ---------------  ---------------------------  ------------------------- 
 n/a              n/a             n/a             n/a              n/a                          Nominal       Delta 
---------------  --------------  --------------  ---------------  ---------------------------  ------------  ----------- 
                                                                                                n/a           n/a 
-------------    -----  -------  ------  ------  ----  -------    ---  -----  -----------      ------------  ----------- 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                         Percentage of voting rights 
--------------------------------------------------------------  -------------------------------------------------------- 
 14,119,485                                                      13.21% 
--------------------------------------------------------------  -------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------------- 
               Indirect - Rose Nominees Limited - 12,770,895 Shares. 11.95% of voting 
                                                                               rights 
           Indirect - JIM Nominees Limited - 1,348,590 Shares. 1.26% of 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: 
-----------------------------------------------------  ------------------------------ 
 
                                            Disclosure based on Total voting rights 
  13. Additional information:                of 106,861,200 
                                             The indirect voting rights held under 
                                             (9) relate to shares held in client 
                                             portfolios managed by Kestrel Partners 
                                             LLP under discretionary investment 
                                             management agreements 
-----------------------------------------  ------------------------------------------ 
 14. Contact name:                                                        Ian Forrest 
-----------------------------------------  ------------------------------------------ 
 15. Contact telephone number:                                          0203 371 6100 
-----------------------------------------  ------------------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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