TIDMOPG
RNS Number : 3147E
OPG Power Ventures plc
05 April 2011
Financial Services Authority
TR-1[i]: notification of major interests in shares
1. Identity of the issuer or the
underlying issuer of existing shares to
which voting rights are attached[ii]: OPG Power Ventures Plc
----------------------------------------- -----------------------------------
2. Reason for the notification (please tick the appropriate
box or boxes)
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An acquisition or disposal of voting rights
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An acquisition or disposal of financial instruments which
may result in the acquisition of shares already issued
to which voting rights are attached
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An event changing the breakdown of voting rights
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Other (please specify):___________________________________________
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Audley Capital Management
Limited
Audley Capital Partners
Limited
3. Full name of person(s) subject to Kings Chapel International
the notification obligation[iii]: Limited
----------------------------------------- -----------------------------------
Audley European Opportunities
Master Fund Limited; Audley
Investment I; Audley Investment
II; Kings Chapel International
Limited; Audley Recovery
4. Full name of shareholder(s) (if Opportunities Master Fund
different from 3.)[iv]: Limited
----------------------------------------- -----------------------------------
5. Date of the transaction (and date
on which the threshold is crossed or
reached if different)[v]: 24/02/11
----------------------------------------- -----------------------------------
6. Date on which issuer notified: 23/03/11
----------------------------------------- -----------------------------------
7. Threshold(s) that is/are crossed
or reached: 8%
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8. Notified details:
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A: Voting rights attached to shares
-----------------------------------------------------------------------------------------------
Class/type
of shares
if possible Situation previous
using the to the Triggering Resulting situation after the triggering
ISIN CODE transaction [vi] transaction[vii]
-------------- ------------------------ -----------------------------------------------------
Number
of Voting
Number Rights Number Number of voting % of voting
of Shares (viii) of shares rights (ix) rights
-------------- ----------- ----------- ----------- -------------------- ------------------
Direct Indirect
Direct (x) (xi) Direct Indirect
-------------- ----------- ----------- ----------- ------- ----------- ------- ---------
IM00B2R3RX72 18,220,650 18,220,650 30,435,650 30,435,650 8.7%
-------------- ----------- ----------- ----------- ------- ----------- ------- ---------
B: Financial Instruments
------------------------------------------------------------------------------
Resulting situation after the triggering transaction (xii)
------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of % of voting
financial date (xiii) Conversion voting rights rights
instrument Period/ Date that may be
(xiv) ( ) acquired if
the instrument
is exercised/
converted.
--------------- ------------- --------------- --------------- ------------
N/A N/A N/A N/A N/A
--------------- ------------- --------------- --------------- ------------
Total (A+B)
---------------------------------------------
Number of voting rights % of voting rights
------------------------ -------------------
30,435,650 8.7%
------------------------ -------------------
9. Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held,
if applicable (xv) :
----------------------------------------------------------------
Audley Capital Management Limited is a subsidiary undertaking
of Kings Chapel International Limited and therefore the shares
held by Audley Capital Management Limited are also deemed to
be held by Kings Chapel International Limited as it relates
to the reportable interest.
----------------------------------------------------------------
Proxy Voting:
------------------------------------------------
10. Name of the proxy holder: N/A
------------------------------------------ ----
11. Number of voting rights proxy holder N/A
will cease to hold:
------------------------------------------ ----
12. Date on which proxy holder will cease N/A
to hold voting rights:
------------------------------------------ ----
13. Additional information: N/A
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14. Contact name: Simon Thornton
------------------------------ -----------------------------------
15. Contact telephone number: 01481 737600 (tel #); 01481 710348
(fax #)
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[i] This form is to be sent to the issuer or underlying issuer
and to be filed with the competent authority.
[ii] Either the full name of the legal entity or another method
for identifying the issuer or underlying issuer, provided it is
reliable and accurate.
[iii] This should be the full name of (a) the shareholder; (b)
the person acquiring, disposing of or exercising voting rights in
the cases provided for in DTR5.2.1 (b) to (h); (c) all the parties
to the agreement referred to in DTR5.2.1 (a), or (d) the direct or
indirect holder of financial instruments entitled to acquire shares
already issued to which voting rights are attached, as
appropriate.
In relation to the transactions referred to in points DTR5.2.1
(b) to (h), the following list is provided as indication of the
persons who should be mentioned:
- in the circumstances foreseen in DTR5.2.1 (b), the person that
acquires the voting rights and is entitled to exercise them under
the agreement and the natural person or legal entity who is
transferring temporarily for consideration the voting rights;
- in the circumstances foreseen in DTR 5.2.1 (c), the person
holding the collateral, provided the person or entity controls the
voting rights and declares its intention of exercising them, and
person lodging the collateral under these conditions;
- in the circumstances foreseen in DTR5.2.1(d), the person who
has a life interest in shares if that person is entitled to
exercise the voting rights attached to the shares and the person
who is disposing of the voting rights when the life interest is
created;
- in the circumstances foreseen in DTR5.2.1 (e), the parent
undertaking and, provided it has a notification duty at an
individual level under DTR 5.1, under DTR5.2.1 (a) to (d) or under
a combination of any of those situations, the controlled
undertaking;
- in the circumstances foreseen in DTR5.2.1 (f), the deposit
taker of the shares, if he can exercise the voting rights attached
to the shares deposited with him at his discretion, and the
depositor of the shares allowing the deposit taker to exercise the
voting rights at his discretion;
- in the circumstances foreseen in DTR5.2.1 (g), the person that
controls the voting rights;
- in the circumstances foreseen in DTR5.2.1 (h), the proxy
holder, if he can exercise the voting rights at his discretion, and
the shareholder who has given his proxy to the proxy holder
allowing the latter to exercise the voting rights at his
discretion.
[iv] Applicable in the cases provided for in DTR 5.2.1 (b) to
(h). This should be the full name of the shareholder or holder of
financial instruments who is the counterparty to the natural person
or legal entity referred to in DTR5.2.
[v] The date of the transaction should normally be, in the case
of an on exchange transaction, the date on which the matching of
orders occurs; in the case of an off exchange transaction, date of
the entering into an agreement.
The date on which threshold is crossed should normally be the
date on which the acquisition, disposal or possibility to exercise
voting rights takes effect (see DTR 5.1.1R (3)). For passive
crossings, the date when the corporate event took effect.
These dates will usually be the same unless the transaction is
subject to a condition beyond the control of the parties.
[vi] Please refer to the situation disclosed in the previous
notification, In case the situation previous to the triggering
transaction was below 3%, please state 'below 3%'.
(vii) If the holding has fallen below the minimum threshold ,
the notifying party should not be obliged to disclose the extent of
the holding, only that the new holding is less than 3%.
For the case provided for in DTR5.2.1(a), there should be no
disclosure of individual holdings per party to the agreement unless
a party individually crosses or reaches an Article 9 threshold.
This applies upon entering into, introducing changes to or
terminating an agreement.
(viii) Direct and indirect
(ix) In case of combined holdings of shares with voting rights
attached 'direct holding' and voting rights 'indirect holdings',
please split the voting rights number and percentage into the
direct and indirect columns-if there is no combined holdings,
please leave the relevant box blank.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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