Better Capital PCC Limited Holding(s) in Company (9212G)
June 01 2017 - 10:37AM
UK Regulatory
TIDMBCAP TIDMBC12
RNS Number : 9212G
Better Capital PCC Limited
01 June 2017
For filings with the FCA
include the annex
For filings with issuer exclude
the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
----------------------------------------------------------------------------------------------
1. Identity of the issuer or Better Capital PCC Limited
the underlying issuer 2009 Cell
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) Ruffer LLP (for its discretionary
subject to the clients of the Ruffer Group)
notification obligation:
(iii)
--------------------------------------------------------- -----------------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv)
--------------------------------------------------------- -----------------------------------
5. Date of the transaction 31 May 2017
and date on
which the threshold is
crossed or
reached: (v)
--------------------------------------------------------- -----------------------------------
6. Date on which issuer 1 June 2017
notified:
--------------------------------------------------------- -----------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 21% to 19%
--------------------------------------------------------- -----------------------------------
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)
-------------- ----------- ----------- ------------- ------------- ----------- ------------ -----------
GB00B5885941 44,446,216 44,446,216 40,883,100 40,883,100 - 19% -
--------------- --------------- ------------- ------------- ----------- ------------ -----------
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.
------------------ ------------- ------------------------------ ---------------------------- ---------------------
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
-------------------------------------------------- ------------------------------------------------------------------
40,883,100 19%
-------------------------------------------------- ------------------------------------------------------------------
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
holder will cease to hold:
------------------------------------------------------- ---------------------------------
12. Date on which proxy holder will
cease to hold voting rights:
------------------------------------------------------- ---------------------------------
Ruffer LLP now controls the
13. Additional information: voting rights over 40,883,100
shares (19% of the voting
rights) of Better Capital
PCC Limited 2009 Cell, which
are held by the discretionary
clients of Ruffer LLP and
its subsidiaries (the voting
of which is all controlled
by Ruffer LLP).
This change from 21% to 19%
is due to the sale of 3,563,116
shares on 31 May 2017.
------------------------------------------------------- ---------------------------------
14. Contact name: Louise Stanway
------------------------------------------------------- ---------------------------------
15. Contact telephone number: 020 7963 8146
------------------------------------------------------- ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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