TR-1: Notification of major interest in shares

RNS Number : 2350E

Polymetal International PLC

04 May 2017

 

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			POLYMETAL INTERNATIONAL PLC ISIN JE00B6T5S470
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				V
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		Mr. Alexander Nesis
4. Full name of shareholder(s)  (if different from 3.):iv		POWERBOOM INVESTMENTS LIMITED
5. Date of the transaction and date on which the threshold is crossed or reached: v		26/04/2017 and 28/04/2017
6. Date on which issuer notified:		03/05/2017
7. Threshold(s) that is/are crossed or reached: vi, vii		15% (for voting rights attached to shares) 11% (for Qualifying Financial Instruments) 27% (for total voting rights)

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

JE00B6T5S470

114,777,802

1,833,268

1,833,268

63,435,335

0.43%

14.75%

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

Sale and repurchase agreements

26/04/2018 (transaction will be rolled)

51,403,934

11.95%

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

116,672,537

27.13%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
POWERBOOM INVESTMENTS LIMITED holds 27.13% shares in POLYMETAL INTERNATIONAL PLC. POWERBOOM INVESTMENTS LIMITED is fully owned by ICT HOLDING LTD (100%), which in its turn is owned by INVESTMENT CONSTRUCTION TECHNOLOGY (ICT) GROUP LTD (100%). Alexander Nesis is the major shareholder of INVESTMENT CONSTRUCTION TECHNOLOGY (ICT) GROUP LTD (50%). Other 50% shares in INVESTMENT CONSTRUCTION TECHNOLOGY (ICT) GROUP LTD are held by the shareholders, each holding less than 10%.
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:	Christakis Christofidis
15. Contact telephone number:	[phone]

 

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