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Holding(s) in Company

2 Feb 2016 07:00

RNS Number : 7153N
RusPetro plc
02 February 2016
 

 

 

 

 

 

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

 

 

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Ruspetro plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

 

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

x

Other (please specify):

 

 

3. Full name of person(s) subject to thenotification obligation: iii

Sobny Group Corporation

4. Full name of shareholder(s) (if different from 3.):iv

Otkritie Capital International Limited is the shareholder for a number of the shares. For further details see box 9.

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

08.01.2016

6. Date on which issuer notified:

01.02.2016

7. Threshold(s) that is/are crossed orreached: vi, vii

4% in respect of indirect interest in voting rights. No change to aggregate interest.

      
 

 

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares

43,505,000

43,505,000

3,516,191

3,516,191

39,988,809

0.40%

4.60%

 

 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

 

 

 

 

 

 

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

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

43,505,000

5.00%

                  
 

 

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

 

In addition to the 3,516,191 shares that it held directly following the triggering transaction on 08.01.2016, Sobny

Group Corporation ("Sobny") also had an indirect interest in 39,988,809 shares which have been transferred to

Otkritie Capital International Limited ("OCIL") pursuant to the terms of a repurchase agreement (repo) financing

between OCIL (as lender) and Sobny (as borrower). Sobny has the right and obligation to reacquire those shares in

accordance with the terms and subject to the conditions of the repo financing agreement.

 

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

 

13. Additional information:

Prior to 14.12.2015 Sobny had a direct interest in

43,505,000 Ruspetro plc shares (in aggregate 5.00% of

the total voting rights). Sobny's aggregate direct and

indirect interest in shares has remained at 5.00% since

14.12.2015; however the split between its direct and

indirect interest has varied.

 

On 14.12.2015 Sobny transferred 31,307,425 shares to

OCIL pursuant to a repurchase agreement (repo)

financing between OCIL (as lender) and Sobny (as

borrower), retaining an indirect interest in such shares,

following which Sobny had a direct interest in 12,197,575

shares (1.40% of the total voting rights) and an indirect

interest in 31,307,425 shares (3.60% of the total voting

rights), and crossing the relevant direct thresholds from

5% or more to below 3% and the indirect threshold from

below 3% to 3% or more on that date.

 

Between 14.12.2015 and 08.01.2016, there were a

number of transfers of shares between Sobny and OCIL in

order to meet margin calls and to return excess collateral

to Sobny in accordance with the terms of the finance

agreement. The dates on which relevant voting rights

thresholds were crossed and details of the direct and

indirect holdings on those dates are set out below:

 

On 16.12.2015 Sobny's indirect interest increased to 4%

or more. Following the transaction on that date, Sobny

had a direct interest in 7,640,638 shares (0.88%) and an

indirect interest in 35,864,362 shares (4.12%).

 

On 22.12.2015 Sobny's indirect interest decreased to

below 4%. Following the transaction on that date, Sobny

had a direct interest in 10,556,760 shares (1.21%) and an

indirect interest in 32,948,240 shares (3.79%).

 

On 08.01.2016 Sobny's indirect interest increased to 4%

or more. Following the transaction on that date, Sobny

had a direct interest in 3,516,191 shares (0.40%) and an

indirect interest in 39,988,809 shares (4.60%).

 

Since 08.01.2016, Sobny's direct interest has remained at

less than 3% and its indirect interest has remained at

between 4% and 5%. Its aggregate interest has remained

at 5.00% throughout this period.

 

 

 

14. Contact name:

Sobny Group Corporation

Luis A Davis/Pamela D Hall, Directors

Pasea Estate, PO Box 958

Road Town, Tortola, BVI

15. Contact telephone number:

+1 284 494 2015

   

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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