Holding(s) in Company

RNS Number : 0191R

Palace Capital PLC

21 October 2013

 

 21 October 2013

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:

Palace Capital 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:

SFM UK Management LLP

4. Full name of shareholder(s) (if different from 3.):

Quantum Partners LP

5. Date of the transaction and date on which the threshold is crossed or reached:

21 October 2013

6. Date on which issuer notified:

21 October 2013

7. Threshold(s) that is/are crossed or reached:

14%

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
GB00B0NN1H91	N/A	N/A

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
GB00B0NN1H91	1,850,000	1,850,000	0	14.87%	0%

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
N/A	N/A	N/A	N/A	N/A

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
N/A	N/A	N/A	N/A	N/A	N/A	N/A

Total (A+B+C)

Number of voting rights	Percentage of voting rights
1,850,000	14.87%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

This statement relates to common shares held for the account of Quantum Partners LP, a Cayman Islands exempted limited partnership ("Quantum Partners"). SFM UK Management LLP, a sub-advisor to Soros Fund Management LLC, serves as investment manager to Quantum Partners and has been granted investment discretion over portfolio investments, including the common shares held for the account of Quantum Partners.

Proxy Voting:

N/A

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:

Jade Cornell

15. Contact telephone number:

020 7758 4826

 

END

 

 

HOLEALEFASSDFFF