13th Mar 2014 07:00
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | KSK Power Ventur plc ("KSK" or the "Company") | ||||
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 specify): | Pledge over existing Ordinary Shares | √ | |||
3. Full name of person(s) subject to thenotification obligation: iii | Sayi Energy Ventur Limited (the holding company through which Sayi Power Energy Limited, Executive Directors Mr. S. Kishore and Mr. K.A. Sastry hold their interest in the Company) | ||||
4. Full name of shareholder(s) (if different from 3.):iv | See Section 9 | ||||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 7 March 2014 | ||||
6. Date on which issuer notified: | 10 March 2014 | ||||
7. Threshold(s) that is/are crossed orreached: vi, vii | N/A | ||||
8. Notified details: | ||||||||||||||||
A: Voting rights attached to shares viii, ix | ||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | ||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | ||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
Ord 0.1p shares IM00B1G29327 | 106,336,750 | 106,336,750 | 106,336,750 | 106,336,750 | 60.66 | |||||||||||
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B: Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | ||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
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| Nominal | Delta | ||||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
106,336,750 | 60.66% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
Sayi Energy Ventur Limited has created security over 52,417,271 shares in KSK power Ventur plc (representing 29.89% of the total issued share capital) in favour of certain lenders as collateral security for a debt facility made available to the Group.
Sayi Energy Ventur Limited (the holdings company through which Sayi Power Energy Limited, Executive Directors Mr. S. Kishore and Mr. K.A. Sastry hold their interest in the Company) continues to hold 106,336,750 ordinary shares of KSK Power Ventur plc.
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Proxy Voting: | ||
10. Name of the proxy holder: | N/A | |
11. Number of voting rights proxy holder will ceaseto hold: | N/A | |
12. Date on which proxy holder will cease to holdvoting rights: | N/A | |
13. Additional information: | N/A | |
14. Contact name: | Mr. Richard Day | |
15. Contact telephone number: | +44 20 7614 5900 | |
Related Shares:
KSK.L