20 Dec 2012 15:44

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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
President Energy Plc. |
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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): |
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3. Full name of person(s) subject to the notification obligation:  |  Baillie Gifford & Co  |
4. Full name of shareholder(s) (if different from 3.): Â | |
5. Date of the transaction and date on which the threshold is crossed or reached: Â | 19 Dec 2012 |
6. Date on which issuer notified: Â | Â 20 Dec 2012 |
7. Threshold(s) that is/are crossed or reached: Â | Â Â 11 % |
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8. Notified details: | |||||||
A: Voting rights attached to shares  | |||||||
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 | |||
Direct | Direct | Indirect | Direct | Indirect | |||
Ordinary Share GB00B3DDP128 Â | Â Â 31,114,204 | Â Â 31,114,204 | Â Â 29,483,304 | Â Â 29,483,304 | Â Â 10.97 Â | ||
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B: Qualifying Financial Instruments | ||||
Resulting situation after the triggering transaction  | ||||
Type of financialinstrument | Expirationdate | Exercise/ConversionPeriod | Number of votingrights that may beacquired if theinstrument isexercised/ converted. Â | % of votingrights |
 N/A |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||
Resulting situation after the triggering transaction  | ||||||
Type of financialinstrument | Exerciseprice | Expirationdate | Exercise/Conversionperiod | Number of votingrights instrumentrefers to | % of voting rights  | |
N/A | Nominal | Delta  | ||||
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Total (A+B+C) Â | |
Number of voting rights | Percentage of voting rights |
29,483,304 | 10.97 |
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9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: |
In the narrative below, the figures in [ ] indicate the amount of voting rights and the percentage held by each controlled undertaking where relevant. Â Baillie Gifford & Co, a discretionary investment manager, is the parent undertaking of an investment management group. Â Â Its wholly-owned subsidiary undertaking Baillie Gifford Overseas Limited [6,021,073; 2.24%] is also a discretionary investment manager. Â |
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Proxy Voting: Â | |
10. Name of the proxy holder: Â | N/A |
11. Number of voting rights proxy holder will cease to hold: Â | |
12. Date on which proxy holder will cease to hold voting rights: Â |
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13. Additional information: Â | |
14. Contact name: Â | Susie McBay |
15. Contact telephone number: Â | 0131 275 3032 |
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