19 Oct 2010 13:09
| |||||
| |||||
| |||||
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 | Creston Plc | ||||
2 Reason for the notification (please tick the appropriate box or boxes): | |||||
An acquisition or disposal of voting rights | Yes | ||||
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 the notification obligation: iii | Ruffer LLP (for its discretionary clients) | ||||
4. Full name of shareholder(s) (if different from 3.):iv |
| ||||
5. Date of the transaction and date on which the threshold is crossed or reached: v | 14 October 2010 | ||||
6. Date on which issuer notified: | 15 October 2010 | ||||
7. Threshold(s) that is/are crossed or reached: vi, vii | 4% to 7% | ||||
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 | ||||||||||||
GB0004440284 | 2,980,000 | 2,980,000 | 4,755,000 | 4,755,000 | - | 7.75 | - | |||||||||
| ||||||||||||||||
| ||||||||||||||||
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 | |||||||||||||||
4,755,000 | 7% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi | ||
N/A | ||
| ||
Proxy Voting: | ||
10. Name of the proxy holder: | N/A | |
11. Number of voting rights proxy holder will cease to hold: |
| |
12. Date on which proxy holder will cease to hold voting rights: |
| |
| ||
13. Additional information: | Ruffer controls the voting rights over 4,755,000 shares (7% of the voting rights) of Creston Plc, which are held by Ruffer's discretionary clients.
This is due to the purchase of 1,775,000 shares on 14 October 2010.
| |
14. Contact name: | Louise Stanway | |
15. Contact telephone number: | 020 7963 8146 | |