RNS Number : 8316K
Palace Capital PLC
30 June 2014
 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

 

 

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

 

Palace Capital plc

 

2 Reason for the notification (delete as appropriate):

 

An event changing the breakdown of voting rights

 

Other: Placing acquisition and issue of new shares

 

3. Full name of person(s) subject to the notification obligation:

 

Polar Capital LLP

 

4. Full name of shareholder(s) (if different from 3.):

 

n/a

 

5. Date of the transaction and date on which the threshold is crossed or reached:

 

26.06.2014

 

6. Date on which issuer notified:

 

27.06.2014

 

7. Threshold(s) that is/are crossed or reached:

 

Below 16%

 

8. Notified details:

 

A: Voting rights attached to shares

 

Class/type of shares


if possible using the ISIN CODE

Situation previous to the triggering transaction

Number of Shares

Number of Voting Rights

GB00BF5SGF06

2,000,000

2,000,000

 

 

Class/type of shares


if possible using the ISIN CODE

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

% of  voting rights

Direct

Direct

Indirect

Direct

Indirect

GB00BF5SGF06

2,000,000

2,000,000


15.97%


 

 

 

B: Qualifying Financial Instruments

 

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/
Conversion
Period

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

 n/a





 

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

 

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise
price

Expiration
date

Exercise/
Conversion
period

Number of voting
rights instrument
refers to

% of voting rights

Nominal

Delta

n/a







 

Total (A B C)

 

Number of voting rights

Percentage of voting rights

2,000,000

15.97%

 

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

 

 

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:

 

Polar Capital LLP - Operations Department

 

14. Contact name:

 

Stephen Amoah

 

15. Contact telephone number:

 

44 (0)207 227 2768


This information is provided by RNS
The company news service from the London Stock Exchange
 
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