rns9 Oct 2013 12:05
Pan European Terminals Plc
("PAN" or "the Company")
Notification of Major Shareholding
Pan European Terminals (AIM: PAN), was notified on 9 October 2013 by Topsfield Finance Limited ("Topsfield"), an entity which is controlled by Khofiz Shakhidi, that on 1 October 2013 Topsfield purchased of 14,570,702 ordinary shares of 1p each in the Company ("Shares") (representing approximately 13.70% of the Company's issued Shares), and on 1 October and 2 October 2013 purchased a further 350,000 Shares. As a result of these purchases Topsfield has an interest in 14,920,702 Shares, representing approximately 14.03% of the Company's issued Shares.
Simon Escott, Interim Executive Chairman and Chief Executive of PAN, commented, "We are extremely pleased to welcome Topsfield Finance as shareholders of PAN and look forward to a long and productive relationship with them."