Ashcourt Rowan PLC Holding(s) in Company (7377I)
July 05 2013 - 9:56AM
UK Regulatory
TIDMARP
RNS Number : 7377I
Ashcourt Rowan PLC
05 July 2013
TR-1: Notifications of Major Interests in Shares
--------------------------------------------------------------------------------------------
1. Identity of the issuer or the underlying ASHCOURT ROWAN 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 NO
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 NO
effect to qualifying financial instruments
----------------------------------------------------------------------------------- -------
An event changing the breakdown of voting rights N/A
----------------------------------------------------------------------------------- -------
Other (please
specify):
------------------- -------------------------------------------------------------- -------
3. Full name of person(s) subject
to the
notification obligation: (iii) River and Mercantile Asset Management
LLP
-------------------------------------------- ----------------------------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv)
-------------------------------------------- ----------------------------------------------
5. Date of the transaction and date 4(th) July 2013
on
which the threshold is crossed
or
reached: (v)
-------------------------------------------- ----------------------------------------------
6. Date on which issuer notified: 5(th) July 2013
-------------------------------------------- ----------------------------------------------
7. Threshold(s) that is/are crossed
or
reached: (vi, vii) 5%
-------------------------------------------- ----------------------------------------------
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 shares rights (x)
Shares Voting
Rights
-------------- --------------- ------------------ ------------ ------------------------ -----------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
-------------- ----- ------ ------ ----- --- ------------ ------------- --------- ------------- --------------
GB00B6540P35 700,000 700,000 2,070,000 2,070,000 7.68%
--------------- ------------------ ------------ ------------- --------- ------------- --------------
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.
----------------------- -------------- ------------------------------ --------------------------- --------------------
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)
---------------- ------------- ------------- ----------------- ---------------------------- -------------------------
Nominal Delta
---------------- ------------- ------------- ----------------- ---------------------------- ------------ -----------
Total (A+B+C)
--------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------------------------- ---------------------------------------------------------
2,070,000 7.68%
--------------------------------------------------------------- ---------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
--------------------------------------------------------------------------------
Proxy Voting:
--------------------------------------------------------------------------------
10. Name of the proxy holder: River and Mercantile Asset
Management LLP
--------------------------------------------------- ---------------------------
11. Number of voting rights proxy holder will N/A
cease
to hold:
--------------------------------------------------- ---------------------------
12. Date on which proxy holder will cease to N/A
hold
voting rights:
--------------------------------------------------- ---------------------------
13. Additional information:
---------------------------------------- --------------------------------------
14. Contact name: David Harris
---------------------------------------- --------------------------------------
15. Contact telephone number: +44 (0) 20 7601 6262
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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