15th Jun 2011 17:35
RNS Number : 5223I
Praesepe PLC
15 June 2011
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 | Praesepe 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 | X | ||||
Other (please specify): | Share Price Movement | ||||
3. Full name of person(s) subject to thenotification obligation:iii | The Royal Bank of Scotland Group plc | ||||
4. Full name of shareholder(s) (if different from 3.):iv | West Register (Investments) Limited | ||||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 10/06/2011 | ||||
6. Date on which issuer notified: | 14/06/2011 | ||||
7. Threshold(s) that is/are crossed orreached: vi, vii | 8% | ||||
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 GBP 0.01 GB00B1263L43 | 24,997,333 | 24,997,333 | 24,997,333 | 24,997,333 | 5.09 | |||||||||||||
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 | |||||||||||||
Warrant Consideration Shares | Mid-market share price above 20p for 10 consecutive business days | 20/04/20 | Earlier of: 5 Years after satisfaction of the 20p trigger or 10 years from date of signing Sale & Purchase Agreement | 11,248,950 Subject to all holders paying 10p per warrant consideration share at the time of exercise. If holders choose not to pay the warrant consideration the ordinary shares available halves. | Nominal | Delta | ||||||||||||
2.29 | ||||||||||||||||||
Total (A+B+C) | ||||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||||
35,246,283 | 7.38% | |||||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | |
The Royal Bank of Scotland Group plc (7.38%) The Royal Bank of Scotland plc (7.38%) West Register (Investments) Ltd (7.38%) | |
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: | |
This information is provided by RNS
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Related Shares:
RBS.L