Sacoven PLC Notification of Major Interest in Shares (6306S)
March 18 2016 - 11:45AM
UK Regulatory
TIDMSCN
RNS Number : 6306S
Sacoven PLC
18 March 2016
Sacoven Plc
(Incorporated in Jersey under the Companies (Jersey) Law
1991)
(Company number 110296)
AIM Share code: SCN
JSE Share code: SCV
ISN: JE00B7YH8W36
(the "Company")
Sacoven Plc has a primary listing on the AIM and a secondary
listing on the Alternative Exchange of the JSE.
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------------------------------------------
1. Identity of the issuer or SACOVEN 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 YES
---------------------------------------------------------- --------------------------
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 effect to qualifying financial
instruments
---------------------------------------------------------- --------------------------
An event changing the breakdown of voting rights
---------------------------------------------------------- --------------------------
Other (please
specify):
-------------------------------------------------------- --------------------------
3. Full name of person(s) LEO FUND MANAGERS LTD
subject to the
notification obligation:
(iii)
--------------------------------------------------------- ---------------------------
4. Full name of shareholder(s) HAWK INVESTMENTS FUND SPC
(if different from 3.):(iv) LTD
--------------------------------------------------------- ---------------------------
5. Date of the transaction 16(th) March 2016
and date on
which the threshold is
crossed or
reached: (v)
--------------------------------------------------------- ---------------------------
6. Date on which issuer 17(th) March 2016
notified:
--------------------------------------------------------- ---------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 3%
--------------------------------------------------------- ---------------------------
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)
-------------- ------------ ------------ ------------ ------- ------------ -------- ---------
Below Below Below
JE00B7YH8W36 498,500 498,500 3% 3% 3%
------------ ------------ ------------ ------- ------------ -------- ---------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may 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
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
------------------------------------------ --------------------------------------------------------
Below 3% Below 3%
------------------------------------------ --------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
--------------------------------------------------------------------------------------
n/a
Proxy Voting:
--------------------------------------------------------------------------------------
10. Name of the proxy holder: n/a
------------------------------------------------------- -----------------------------
11. Number of voting rights proxy n/a
holder will cease
to hold:
------------------------------------------------------- -----------------------------
12. Date on which proxy holder will n/a
cease to hold
voting rights:
------------------------------------------------------- -----------------------------
13. Additional information:
------------------------------------------------------- -----------------------------
14. Contact name: Richard Parkhouse;Alessandro
Franchi
------------------------------------------------------- -----------------------------
15. Contact telephone number: 0207 824 5868;0207 824 5885
------------------------------------------------------- -----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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