15 Apr 2010 17:04
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:
Strategic Natural Resources plc
2 Reason for the notification:
An event changing the breakdown of voting rights
3. Full name of person(s) subject to the notification obligation:
The Tudor Group (Tudor Capital Europe LLP)
The Tudor BVI Global Portfolio L.P.
4. Full name of shareholder(s) (if different from 3.):
The Tudor BVI Global Portfolio L.P.
LBPB Nominees Limited
5. Date of the transaction and date on which the threshold is crossed or reached:
12 April 2010
6. Date on which issuer notified:
14 April 2010
7. Threshold(s) that is/are crossed or reached:
11%, 10%
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 | |
| GB00B1VQ5F36 | 2,083,333 | 2,083,333 |
| 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 | |
| GB00B1VQ5F36 | - | - | 2,083,333 | - | 2,083,333 |
B: Qualifying Financial Instruments
| Resulting situation after the triggering transaction | ||||
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | 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
| Resulting situation after the triggering transaction | ||||||
| Type of financial instrument | Exercise price | Expiration date | Exercise/ Conversion period | Number of voting rights instrument refers to | % of voting rights | |
| Nominal | Delta | |||||
| Equity swap | n/a | n/a | n/a | 6,800,000
(economic exposure to underlying share) | 7.23%
(economic exposure to underlying shares %) | n/a |
Total (A+B+C)
| Number of voting rights | Percentage of voting rights |
| Voting rights: 2,083,333 Economic exposure: 6,800,000 Combined exposure: 8,883,333 | Voting rights: 2.21% Economic exposure: 7.23% Combined exposure: 9.44% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
The Tudor BVI Global Portfolio L.P is an investment fund advised by members of the Tudor Group of companies. The Tudor Group is making the disclosure on behalf of the investment manager.
Proxy Voting:
10. Name of the proxy holder:
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:
14. Contact name:
Tudor Capital Europe Limited
15. Contact telephone number:
020 8786 3900