8 Feb 2011 13:30
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
IPSO Ventures plc
2 Reason for the notification:
An acquisition or disposal of voting rights
3. Full name of person(s) subject to the notification obligation:
RAB Capital plc acting as discretionary manager for RAB Special Situations (Master) Fund Ltd
4. Full name of shareholder(s) (if different from 3.):
Credit Suisse Client Nominee (UK) Limited
5. Date of the transaction and date on which the threshold is crossed or reached:
04 February 2011
6. Date on which issuer notified:
07 February 2011
7. Threshold(s) that is/are crossed or reached:
31%
8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | |
Number of Shares | Number of Voting Rights | |
GB00B1GDWB47 | 5,178,233 | 5,178,233 |
Class/type of shares if possible using the ISIN CODE | Resulting situation after the triggering transaction | ||||
Number of shares | Number of voting rights | % of voting rights | |||
Direct | Direct | Indirect | Direct | Indirect | |
GB00B1GDWB47 | - | - | 4,978,233 | - | 30.28% |
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. | % of votingrights |
- | - | - | - | - |
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 | |
Nominal | Delta | |||||
- | - | - | - | - | - | - |
Total (A+B+C)
Number of voting rights | Percentage of voting rights |
4,978,233 | 30.28% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
RAB Capital plc acts as investment manager for RAB Special Situations (Master) Fund Limited who are the beneficial owners of the securities. The legal title to these securities is held on behalf of the beneficial owners by their nominee, Credit Suisse Client Nominees (UK) Limited.
Proxy Voting:
10. Name of the proxy holder:
n/a
11. Number of voting rights proxy holder will cease to hold:
n/a
12. Date on which proxy holder will cease to hold voting rights:
n/a
13. Additional information:
n/a
14. Contact name:
RAB Capital - Legal Team
15. Contact telephone number:
020 7389 7000