Holding(s) in Company

RNS Number : 3411F

Iofina PLC

21 April 2011

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				Iofina Plc
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		Arron Banks Southern Rock Insurance Company Ltd
4. Full name of shareholder(s)  (if different from 3.):iv		Rene Nominees Ltd Arron banks
5. Date of the transaction and date on which the threshold is crossed or reached: v		06 April 2011
6. Date on which issuer notified:		07 April 2011
7. Threshold(s) that is/are crossed or reached: vi, vii		Below 4%

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

GB00B2QL5C79 Ord 1 p

3,435,000

3.26%

2,600,000

2.47%

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

Spread Bet (Arron Banks)

20/09/2011 14/06/2011

297,690 502,522

0.28% 0.48%

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

3,400,212

3.23%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Rene Nominees Ltd (Southern Rock Insurance Co Ltd) 2,000,000 Shares 1.90% Rene Nominees Ltd (Aron Banks) 600,000 Shares 0.57% Arron Banks 800,212 Shares 0.76% Arron Banks is connected to Southern Rock Insurance Company Ltd, being a major shareholder. Therefore, together Southern Rock Insurance Company Ltd and Aron Banks are interested in 3,400,212 shares in Iofina plc, representing approximately 3.23% of the Company's issued share capital. Based on issued share capital of: 105,193,726 shares.
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:	Andrea Falcon
15. Contact telephone number:	[phone]

 

END

 

 

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