TIDMPPC TIDM85FB

RNS Number : 4921F

President Energy PLC

12 November 2015

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying                                         President Energy Plc. 
  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 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                                                X 
------------------------------------------------------------------------------  ---------------------------------- 
 Other (please 
  specify): 
-------------------------------------------------------------------------  ---  ---------------------------------- 
 3. Full name of person(s) subject                                             International Finance Corporation 
  to the 
  notification obligation: (iii) 
--------------------------------------------------------------------------  -------------------------------------- 
 4. Full name of shareholder(s)                                                               N/A 
  (if different from 3.):(iv) 
--------------------------------------------------------------------------  -------------------------------------- 
 5. Date of the transaction and date                                                   November 4, 2015 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------------------------------------  -------------------------------------- 
 6. Date on which issuer notified:                                                     November 9, 2015, 
--------------------------------------------------------------------------  -------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                         16.0% 
--------------------------------------------------------------------------  -------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------- 
 Class/type of    Situation previous                Resulting situation after the triggering 
  shares           to the triggering                 transaction 
                   transaction 
  if possible 
  using 
  the ISIN CODE 
---------------  --------------------------------  ---------------------------------------------------------------------- 
                  Number           Number           Number         Number of voting            % of voting rights 
                   of               of               of shares      rights                      (x) 
                   Shares           Voting 
                                    Rights 
-------------    ---------------  ---------------  -------------  --------------------------  --------------------------- 
                                                    Direct         Direct         Indirect     Direct        Indirect 
                                                                    (xi)           (xii) 
-------------      -----------      -----------    -------------  -------------  -----------  ------------  ------------- 
 
 Ordinary 
 Shares 
 GB00B3DDP128     74,373,608       74,373,608       74,373,608     74,373,608     0            14.16%        0 
---------------  ---------------  ---------------  -------------  -------------  -----------  ------------  ------------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration       Exercise/                       Number of voting              % of voting 
 financial           date (xiii)      Conversion Period               rights that may               rights 
 instrument                           (xiv)                           be 
                                                                      acquired if the 
                                                                      instrument is 
                                                                      exercised/ converted. 
-----------------  ---------------  ------------------------------  ----------------------------  ----------------------- 
 N/A                N/A              N/A                             N/A                           N/A 
-----------------  ---------------  ------------------------------  ----------------------------  ----------------------- 
 
 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 rights 
 financial       price           date (xvii)      Conversion        rights instrument             (xix, xx) 
 instrument                                       period            refers to 
                                                  (xviii) 
-------------  ---------------  ---------------  ---------------  ----------------------------  ------------------------- 
 Share          GBP0.1875        Mar 20,                           20,802,180                    Nominal       Delta 
 warrants                         2018 
-------------  ---------------  ---------------  ---------------  ----------------------------  ------------  ----------- 
                                                                                                 3.5%          1.8% 
-------------      -----------      -----------      -----------    -----------  -----------    ------------  ----------- 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                              Percentage of voting rights 
---------------------------------------------------  -------------------------------------------------------------------- 
 95,175,788                                           15.91% 
---------------------------------------------------  -------------------------------------------------------------------- 
 
 
 
 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                                           N/A 
  cease 
  to hold: 
----------------------------------------------------------------------  ------------------------------------ 
 12. Date on which proxy holder will cease to                                            N/A 
  hold 
  voting rights: 
----------------------------------------------------------------------  ------------------------------------ 
 
                                                                                         N/A 
  13. Additional information: 
----------------------------------------------------------------------  ------------------------------------ 
 14. Contact name:                                                       Director, Global Infrastructure and 
                                                                                  Natural Resources 
----------------------------------------------------------------------  ------------------------------------ 
 15. Contact telephone number:                                                    +1 (202) 473 9503 
----------------------------------------------------------------------  ------------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 12, 2015 06:08 ET (11:08 GMT)

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