TIDMMCC

RNS Number : 7951S

Mercom Capital Plc

28 December 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                          Mercom Capital PLC 
  the underlying 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 
----------------------------------------------------------  ----------------------------- 
 An acquisition or disposal of qualifying financial                       V 
  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: decrease in percentage held due to an increase                    V 
  in the Company's total voting rights 
----------------------------------------------------------  ----------------------------- 
 3. Full name of person(s)                                   Calvet International Limited 
  subject to the 
  notification obligation: 
  (iii) 
----------------------------------------------------------  ----------------------------- 
 4. Full name of shareholder(s)                                                 See above 
  (if different from 3.):(iv) 
----------------------------------------------------------  ----------------------------- 
 5. Date of the transaction                                              23 December 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
----------------------------------------------------------  ----------------------------- 
 6. Date on which issuer                                                 27 December 2016 
  notified: 
----------------------------------------------------------  ----------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                  14% 
----------------------------------------------------------  ----------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type      Situation previous                Resulting situation after the 
  of              to the triggering                 triggering transaction 
  shares          transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
--------------  --------------------------------  -------------------------------------------------------------------- 
                 Number           Number           Number         Number of                   % of voting 
                  of               of               of shares      voting                      rights (x) 
                  Shares           Voting                          rights 
                                   Rights 
--------------  ---------------  ---------------  -------------  --------------------------  ------------------------- 
                                                   Direct         Direct        Indirect      Direct        Indirect 
                                                                   (xi)          (xii) 
--------------      -----------    -----------    -------------  ------------  ------------  ------------  ----------- 
 
 
  GB00B979BX21   5,000,000        Same             5,000,000      5,000,000                   13.67% 
                ---------------  ---------------  -------------  ------------  ------------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration     Exercise/                       Number of voting              % of voting 
  instrument          date           Conversion                      rights that                   rights 
                      (xiii)         Period (xiv)                    may be 
                                                                     acquired if 
                                                                     the 
                                                                     instrument 
                                                                     is 
                                                                     exercised/ 
                                                                     converted. 
------------------  -------------  ------------------------------  ----------------------------  --------------------- 
                                    Between date 
                                     of entering 
                                     into the Call 
                                     Option and 
                                     the expiration 
 Call Option         31/1/2017       date                           1,590,081                     4.35% 
------------------  -------------  ------------------------------  ----------------------------  --------------------- 
 
 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 
 financial          price         date           Conversion        rights instrument             rights (xix, 
 instrument                       (xvii)         period            refers to                     xx) 
                                                 (xviii) 
----------------  -------------  -------------  ---------------  ----------------------------  ----------------------- 
                                                                                                Nominal       Delta 
----------------  -------------  -------------  ---------------  ----------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                             Percentage of voting rights 
--------------------------------------------------  ------------------------------------------------------------------ 
 6,590,081                                           18.02% 
--------------------------------------------------  ------------------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------------------------------- 
 
   Call Option that was entered into between Calvet International 
   and Mr. Kyle Appleby as part of an overall and definitive 
   agreement that was announced by Mercom Capital Plc on 
   Friday 23 December 2016. 
 
 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:                                         C/A Louvre Trust (Suisse) SARL 
------------------------------------------------------------------  -------------------------------- 
 14. Contact name:                                                               Mrs. Jenny Hennessy 
------------------------------------------------------------------  -------------------------------- 
 15. Contact telephone 
  number:                                                                          +41(0) 22 3109510 
------------------------------------------------------------------  -------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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