Holding(s) in Company

RNS Number : 1150N

Challenger Acquisitions Limited

13 May 2015

 

For Immediate Release

                                                                                                                         13 May 2015

Challenger Acquisitions Limited

("Challenger" or the "Company")

Holding(s) in Company

The Board of Challenger announces that on 12 May 2015 the Company received the following TR-1 notification submitted on behalf of YA Global Master SPV, Ltd. and which is set out below without amendment.

For more information:

Challenger Acquisitions Limited	www.challengeracquisitions.com
Mark Gustafson, Executive Chairman	[phone]
Beaumont Cornish Limited (Financial Adviser)
Roland Cornish	[phone]

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			Challenger Acquisitions Limited
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: iii		1Yorkville Advisors Global, LLC 2 Yorkville Advisors Global, LP 3 YA Global Master SPV, Ltd.
4. Full name of shareholder(s)  (if different from 3.):iv		Jarvis Investment Management Ltd (Registered Holder)
5. Date of the transaction and date on which the threshold is crossed or reached: v		February 19, 2015
6. Date on which issuer notified:		May 12, 2015
7. Threshold(s) that is/are crossed or reached: vi, vii		29.00, 28.00, 27.00, 26.00, 25.00, 24.00, 23.00 %

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares

3,150,000

3,150,000

2,527,500

2,527,500

22.98%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

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 xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

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

2,527,500

22.98%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Yorkville Advisors Global, LLC is the general partner, and controlling person, of Yorkville Advisors Global, LP, which is the investment manager of Yorkville Global Master SPV, Ltd.
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:	Troy Rillo
15. Contact telephone number:	001.908.906.5127

 

END

 

 

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