Sacoven PLC Notification of Major Interest in Shares (7832S)
March 22 2016 - 3:02AM
UK Regulatory
TIDMSCN
RNS Number : 7832S
Sacoven PLC
22 March 2016
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 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 effect to qualifying financial
instruments
------------------------------------------------------------ ------------------------------
An event changing the breakdown of voting rights
------------------------------------------------------------ ------------------------------
Other (please
specify):
---------------------------------------------------------- ------------------------------
3. Full name of person(s) Duet Asset Management Limited
subject to the
notification obligation:
(iii)
----------------------------------------------------------- -------------------------------
4. Full name of shareholder(s) Duet Africa Opportunities
(if different from 3.):(iv) Master Fund IC
----------------------------------------------------------- -------------------------------
5. Date of the transaction 16/03/2016
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- -------------------------------
6. Date on which issuer 18/03/2016
notified:
----------------------------------------------------------- -------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 8%
----------------------------------------------------------- -------------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
----------------------------------------------------------------------------------------------------------------------
Class/type Situation Resulting situation after the
of previous triggering transaction
shares to the triggering
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)
------------- ------------- ------------- -------------- ---------- ------------ ------------ -----------
JE00B7YH8W36 0 0 498,500 498,500 n/a 8.33 n/a
--------------- --------------- -------------- ---------- ------------ ------------ -----------
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
--------------------------------------------------- -----------------------------------------------------------------
498,500 8.33%
--------------------------------------------------- -----------------------------------------------------------------
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: Ballal Jiwan
------------------------------------------------------- --------------------
15. Contact telephone number: +44 (0)207 268 2533
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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