Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Notification of Major Interest in Shares

15th Jan 2015 16:00

RNS Number : 3125C
New World Resources Plc
15 January 2015
 



For filings with the FCA include the annex
 
For filings with issuer exclude the annex
 
 
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

New World Resources Plc

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):

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

GLG Partners LP

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

N/A

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

13 October 2014

6. Date on which issuer notified:

15 October 2014

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

 

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

A Ordinary Shares

375162036

375162036

297603990

297603990

4.47%

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

 

Mandatory Convertible Notes

Exercise Price will be calculated based on how interest is paid on the convertible notes and number of notes previously converted.

7 October 2020

Conversion exercisable from 7 March 2015 to 17 September 2020

 

Mandatory conversion on 7 October 2020

The number of voting rights will depend on the date of conversion.

 

The minimum and maximum number of voting rights arising from mandatory convertible notes held by funds managed by GLG Partners LP is as follows:

 

33297804 to 42811462

The number of voting rights will depend on the date of conversion.

 

The minimum and maximum number of voting rights arising from mandatory convertible notes held by funds managed by GLG Partners LP is as follows:

Nominal

Delta

0.38% - 0.45%

0.38% - 0.45%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

330,901,794 to 340,415,452

4.85% - 4.92%

 

 

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

 

GLG Partners is an investment management firm investing money on behalf of clients and investment funds

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:

14. Contact name:

Caroline Betteridge

15. Contact telephone number:

02071447246

 

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

Related Shares:

New World Resources
FTSE 100 Latest
Value8,275.66
Change0.00