Holding(s) in Company

RNS Number : 0684B

British Empire Trust PLC

30 March 2017

 

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:			British Empire Trust Plc (GB0001335081)
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				X
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):
3. Full name of person(s) subject to the notification obligation:		Ironsides Partners LLC
4. Full name of shareholder(s)  (if different from 3.):		Ironsides P Fund L.P.
5. Date of the transaction and date on which the threshold is crossed or reached:		29 March 2017
6. Date on which issuer notified:		29 March 2017
7. Threshold(s) that is/are crossed or reached:		4%

 

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

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights

Direct

Direct

Indirect

Direct

Indirect

GB0001335081

273,983

273,983

137,988

0.11%

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

Contracts for Difference

N/A

29 November 2017

4,616,048

Nominal

Delta

3.8%

3.8%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

4,754,036

3.91%

 

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Ironsides Partners LLC, a U.S. registered investment advisor, is an indirect holder of the shares and is entitled to exercise the above voting rights as the discretionary investment manager of Ironsides P Fund LP. Ironsides P Fund LP is the direct holder of the above shares and the party to the contracts for difference.
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:	David S. Barnhart
15. Contact telephone number:	[phone]

 

END

 

 

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