South African Property Opps PLC Holding(s) in Company (2528Q)
November 02 2012 - 11:30AM
UK Regulatory
TIDMSAPO
RNS Number : 2528Q
South African Property Opps PLC
02 November 2012
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or the underlying South African Property Opportunities
issuer PLC.
of existing shares to which voting rights
are
attached: (ii)
--------------------------------------------------- ---------------------------------------
2 Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights
----------------------------------------------------------------------------------- -------
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
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Other (please
specify):
------------------ --------------------------------------------------------------- -------
3. Full name of person(s) subject Ironsides Partners LLC
to the
notification obligation: (iii)
------------------------------------------ ------------------------------------------------
4. Full name of shareholder(s) Ironsides Partners Opportunity Master
(if different from 3.):(iv) Fund L.P.
------------------------------------------ ------------------------------------------------
5. Date of the transaction and date 31 October 2012
on
which the threshold is crossed
or
reached: (v)
------------------------------------------ ------------------------------------------------
6. Date on which issuer notified: 2 November 2012
------------------------------------------ ------------------------------------------------
7. Threshold(s) that is/are crossed 8% of outstanding ordinary shares
or
reached: (vi, vii)
------------------------------------------ ------------------------------------------------
8. Notified details:
-----------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
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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)
------------ ---- -------- ------- ------ ----- --------- ------------ --------- ------------- -------------
B: Qualifying Financial Instruments
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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)
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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)
------------- -------------- --------------- ---------------- --------------------------- ------------------------
Contracts N/A April N/A Nominal Delta
for 18, 2017
Difference
------------- -------------- --------------- ---------------- ---- ---------- ------------
5,000,000 8.03% 8.03%
-------------------------------------------------------- --------------------------- ---------- ------------
Total (A+B+C)
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Number of voting rights Percentage of voting rights
--------------------------------------------------------------- ------------------------------------------------------
5,000,000 8.03%
--------------------------------------------------------------- ------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
----------------------------------------------------------------------------------
Ironsides Partners LLC, a U.S. registered investment advisor, is an indirect
holder of the shares and is entitled to exercise the above voting rights
and the rights pursuant the contracts for difference because Ironsides
Partners LLC is the discretionary investment manager of Ironsides Partners
Opportunity Master Fund L.P.
Ironsides Partners Opportunity Master Fund L.P. is the direct holder
of the above shares and the party to the contracts for difference.
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:
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14. Contact name: Gustavo Resendiz
----------------------------------------- ---------------------------------------
15. Contact telephone number: (617) 449-3136
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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