TIDMTUNG

RNS Number : 4334Q

Tungsten Corporation PLC

17 June 2015

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                                      Tungsten Corp 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 
  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                                               Increase in shares outstanding due    X 
  specify):                                                  to placing 
----------------------------------------------------------  ------------------------------------ 
 3. Full name of person(s)                                                 ODEY ASSET MANAGEMENT LLP 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  --------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  --------------------------------------- 
 5. Date of the transaction                                                             16 JUNE 2015 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------------- 
 6. Date on which issuer                                                                17 JUNE 2015 
  notified: 
-----------------------------------------------------------  --------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                             13% 
-----------------------------------------------------------  --------------------------------------- 
 
 
 
 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) 
---------------      -----------    -----------    -------------  -------------  -----------  ------------  ----------- 
    Ordinary 
     Share 
 (GB00B7Z0Q502)   12,039,096       12,039,096       12,039,096     12,039,096                  9.60% 
---------------  ---------------  ---------------  -------------  -------------  -----------  ------------  ----------- 
 
 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) 
-----------------  -------------  -------------  ---------------  ----------------------------  ----------------------- 
 Contract                                                          3,532,256                     Nominal       Delta 
  for Difference 
  (CFD) 
-----------------  -------------  -------------  ---------------  ----------------------------  ------------  --------- 
                                                                                                 2.82% 
---------------      -----------    -----------      -----------    -----------  -----------    ------------  --------- 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                              Percentage of voting rights 
---------------------------------------------------  ------------------------------------------------------------------ 
 15,571,352                                           12.42% 
---------------------------------------------------  ------------------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------------- 
 
   Odey European Inc. holds 5.91%. All other funds hold 
   less than 3%. 
 
 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: 
-------------------------------------------------------------  -------------- 
 14. Contact name:                                                 FERGUS LEE 
-------------------------------------------------------------  -------------- 
 15. Contact telephone number:                                  020 7208 1400 
-------------------------------------------------------------  --------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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