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Holding(s) in Company

9th Aug 2010 14:08

RNS Number : 7687Q
KSK Power Ventur PLC
09 August 2010
 



 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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

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

Sayi Energy Ventur Limited (the holding company through which Executive Directors Mr. Kishore and Mr. 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 on which the threshold is crossed or reached: v

6 August 2010

6. Date on which issuer notified:

9 August 2010

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

N/A

 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ord 0.1p shares IM00B1G29327

100,000,000

100,000,000

100,000,000

 

100,000,000

71.67%

 

 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

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

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 

 

 

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

100,000,000

71.67%

 

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

 

Sayi Energy Ventur Limited, (the holding company that represents the interest of Executive Directors Mr. Kishore and Mr. Sastry, as well as GE Capital), has created Share Charge over 3.8 million ordinary shares in KSK Power Ventur plc, representing 2.72% of the total issued share capital of KSK Power Ventur plc in favour of Standard Chartered Bank as security for a debt facility availed by KSK Power Ventur plc.

The Directors, Mr Kishore and Mr Sastry, continue to have beneficial interest in shares of KSK Power Ventur plc through their interest in K&S Consulting Group, Sayi Power Energy and Sayi Energy Ventur limited which is the beneficial owner of 100,000,000 ordinary shares of KSK Power Ventur plc.

 

 

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

14. Contact name:

Mr. S. Kishore

15. Contact telephone number:

+91 40 2355 9922

 

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

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