15th Jan 2015 16:00
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 | |
Related Shares:
New World Resources