Ashcourt Rowan PLC Holding(s) in Company (1588W)
December 20 2013 - 11:23AM
UK Regulatory
TIDMARP
RNS Number : 1588W
Ashcourt Rowan PLC
20 December 2013
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
---------------------------------------------------------------------------------------
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 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 X
effect to qualifying financial instruments
------------------------------------------------------------------------------ -------
An event changing the breakdown of voting rights
------------------------------------------------------------------------------ -------
Other (please
specify):
------------------ ---------------------------------------------------------- -------
3. Full name of person(s) subject Polygon Global Partners LLP
to the Reade Eugene Griffith
notification obligation: (iii)
------------------------------------------ -------------------------------------------
4. Full name of shareholder(s) State Street Nominees Limited
(if different from 3.):(iv)
------------------------------------------ -------------------------------------------
5. Date of the transaction and date 17 December 2013
on
which the threshold is crossed
or
reached: (v)
------------------------------------------ -------------------------------------------
6. Date on which issuer notified: 19 December 2013
------------------------------------------ -------------------------------------------
7. Threshold(s) that is/are crossed 5%, 10%, 11%, 12%, 13%, 14%, 15% and
or 16%
reached: (vi, vii)
------------------------------------------ -------------------------------------------
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
(GB00B6540P35) Below 5% Below 5% 2,570,185 7.28%
--------------- ---------------------- --------- ------------ ---------- ------------- -----------
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 financial Exercise Expiration Exercise/ Number of voting % of voting rights
instrument price date (xvii) Conversion rights instrument (xix, xx)
period refers to
(xviii)
------------------ -------------- --------------- ---------------- ---------------------------- ----------------------
Total return 3,395,000 Nominal Delta
swap relating
to ordinary
shares
(GB00B6540P35)
------------------ -------------- --------------- ---------------- ---------------------------- ---------- ----------
9.62%
------------------------------------------------------------------------- ---------- ---------- ----------
Total (A+B+C)
---------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
-------------------------------------------------------------------- -----------------------------------------------------
5,965,185 16.91%
-------------------------------------------------------------------- -----------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
--------------------------------------------------------------------------------------
Reade Griffith holds a majority of the voting rights in Polygon Global
Partners LLP. Consequently, Polygon Global Partners LLP is a "controlled
undertaking" in relation to Mr. Griffith.
Proxy Voting:
--------------------------------------------------------------------------------------
10. Name of the proxy holder: N/a
----------------------------------------------------- -------------------------------
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: The positions that gave rise to the
notification obligation are held by
Tetragon Financial Group Master Fund
Limited ("TFG"). Tetragon Financial
Management LP ("TFM") has been appointed
as the investment manager of TFG.
Polygon Global Partners LLP provides
certain services to TFM pursuant to
a services agreement between them.
---------------------------------------- --------------------------------------------
14. Contact name: Sean Côté
---------------------------------------- --------------------------------------------
15. Contact telephone number: 0207 901 8330
---------------------------------------- --------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLEAKAEAAFDFFF
Ashcourt (LSE:ARP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ashcourt (LSE:ARP)
Historical Stock Chart
From Jul 2023 to Jul 2024
