11 Jun 2014 07:30

Form TR-1 with annex. FSA Version 2.1 updated April 2007
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For filings with the FSA include the annex For filings with issuer exclude the annex |
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TR-1: Notifications of Major Interests in Shares |
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 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |  Polo Resources Limited | ||
 2. Reason for notification (yes/no) | |||
 An acquisition or disposal of voting rights | YES | ||
 An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | NO | ||
 An event changing the breakdown of voting rights | NO | ||
 Other (please specify):______________ | NO | ||
 3. Full name of person(s) subject to notification obligation: |  Ingalls & Snyder LLC ("I&S") ") and Ingalls & Snyder Value Partners LP ("ISVP"). | ||
 4. Full name of shareholder(s) (if different from 3): | I I&S, on behalf of its clients, has dispositive authority over (i.e. the power and authorisation to sell at I&S's discretion) 10,253,030 shares. In respect of 10,000,005 of such 10,253,030 shares ISVP (as beneficial owner) shares dispositive authority with I&S and has voting authority. Therefore, in respect of the 10,000,005 shares beneficially held by ISVP, I&S has and ISVP shares dispositive authority and ISVP has voting authority. | ||
 5. Date of transaction (and date on which the threshold is crossed or reached if different): |  June 2, 2014 | ||
 6. Date on which issuer notified: |  June 10, 2014 | ||
 7. Threshold(s) that is/are crossed or reached: |  Interest less than 5% of issued share capital. | ||
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8: Notified Details | |||||||
A: Voting rights attached to shares  | |||||||
Class/type of shares If possible use 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 | Percentage of voting rights | |||
 Direct |  Indirect |  Direct |  Indirect | ||||
Ordinary Shares ISIN VGG6844A1075 | Â 11,843,995 | - | Â 10,253,030 | See note 4 above. I&S has dispositive authority over 10,253,030 shares and ISVP has voting authority and shares dispositive authority in respect of 10,000,005 of such shares. | - | 3.70% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights). | - |
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B: Financial Instruments N/A Â | ||||
Resulting situation after the triggering transaction  | ||||
Type of financial instrument | Expiration date | Exercise/ conversion period/date | No. of voting rights that may be acquired (if the instrument exercised/converted) | Percentage of voting rights |
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Total (A+B) Â | |
Number of voting rights | Percentage of voting rights |
10,253,030 (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights.) | 3.70% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights). |
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9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable: |
N/A |
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Proxy Voting: Â | |
10. Name of proxy holder: Â | N/A |
11. Number of voting rights proxy holder will cease to hold: Â | N/A |
12. Date on which proxy holder will cease to hold voting rights: Â | N/A |
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13. Additional information: Â | |
14 Contact name: Â | Frank Stolba |
15. Contact telephone name: Â | (001) (212) 269 7814 |
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For notes on how to complete form TR-1 please see the FSA website.
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