Holding(s) in Company

RNS Number : 2264C

Independent Resources PLC

13 March 2014

 



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: ii			Independent Resources 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		Matterhorn Investment Management LLP; and The Breithorn Master Fund - a non-beneficial fund under Matterhorn's discretionary management.
4. Full name of shareholder(s)  (if different from 3.):iv		Credit Suisse Client Nominees (UK) Limited
5. Date of the transaction and date on which the threshold is crossed or reached: v		7th March 2014
6. Date on which issuer notified:		12th March 2014
7. Threshold(s) that is/are crossed or reached: vi, vii		falling below 5% for The Breithorn Master Fund only (but remaining above the 5% level for Matterhorn Investment Management LLP)

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 of 1p each ISIN: GB00B0RNX796

2,710,739

2,710,739

2,615,739

2,615,739

5.71%

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

2,615,739

5.71%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
This interest is held by non-beneficial funds under the discretionary management of Matterhorn Investment Management LLP, including The Breithorn Master Fund whose interest in Independent Resources Plc has now fallen to 2,277,474 shares or 4.97%. The overall interest held by non-beneficial funds under the discretionary management of Matterhorn Investment Management LLP still remains above the 5% level.
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:	N/A
14. Contact name:	Ewan Christian
15. Contact telephone number:	[phone]

 

END

 

 

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