18th Mar 2014 09:27
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:
An acquisition or disposal of voting rights
3. Full name of person(s) subject to the notification obligation:
Bank of America Corporation
4. Full name of shareholder(s) (if different from 3.):
Merrill Lynch International
5. Date of the transaction and date on which the threshold is crossed or reached:
13th March 2014
6. Date on which issuer notified:
17th March 2014
7. Threshold(s) that is/are crossed or reached:
Above 5%, 6%
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 | Below notifiable threshold | Below notifiable threshold |
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 | 750,000 | 750,000 | 0 | 6.028% | 0 |
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction | ||||
Type of financialinstrument | Expirationdate | Exercise/ConversionPeriod | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights |
N/A | ||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction | ||||||
Type of financialinstrument | Exerciseprice | Expirationdate | Exercise/Conversionperiod | Number of votingrights instrumentrefers to | % of voting rights | |
Nominal | Delta | |||||
N/A | ||||||
Total (A+B+C)
Number of voting rights | Percentage of voting rights |
750,000 | 6.028% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Merrill Lynch International - 750,000 - 6.028%
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:
Kim Oakley
15. Contact telephone number:
0207 996 0275
Related Shares:
BAC.LPalace Capital