Holding(s) in Company

RNS Number : 2513L

Pathfinder Minerals PLC

28 July 2011

 



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				Pathfinder Minerals plc, ISIN: GB00B4MB7K73
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		Genesis Asset Managers, LLP.
4. Full name of shareholder(s)  (if different from 3.):iv		N/A
5. Date of the transaction and date on which the threshold is crossed or reached: v		25th July 2011
6. Date on which issuer notified:		27th July 2011
7. Threshold(s) that is/are crossed or reached: vi, vii		5%

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

Pathfinder Minerals ISIN: GB00B4MB7K73

0

0

86,000,000

86,000,000

8.29%

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

N/A

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

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

86,000,000

8.29

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
There are two underlying funds that make up this holding: Smaller Companies Portfolio of the Genesis Emerging Markets Opportunities Fund Limited. - 64,500,000. 6.22% Africa Fund of the Genesis Emerging Markets Opportunities Fund Limited III - 21,500,000. 2.07% Genesis Asset Managers, 6.22% + 2.07% = 8.29%
Proxy Voting:
10. Name of the proxy holder:		Genesis Asset Managers, LLP
11. Number of voting rights proxy holder will cease to hold:		N/A as buying
12. Date on which proxy holder will cease to hold voting rights:		N/A as buying
13. Additional information:	Please be advised the Genesis Asset Managers, LLP is a specialist investment manager in emerging market equities for institutional clients. Our investment philosophy is as a long term, passive investor.
14. Contact name:	Carl Spavin
15. Contact telephone number:	[phone]

Note: Annex should only be submitted to the FSA not the issuer
Annex: Notification of major interests in share
A: Identity of the persons or legal entity subject to the notification obligation
Full name (including legal form of legal entities)	Genesis Asset Managers, LLP.
Contact address (registered office for legal entities)	The Corporation Trust Company, 1209 Orange Street, Wilmington, Delaware 19801.
Phone number & email	[phone] - [e-mail]
Other useful information (at least legal representative for legal persons)	N/A
B: Identity of the notifier, if applicable
Full name	Carl Spavin.
Contact address	21 Knightsbridge, London. SW1X 7LY
Phone number & email	[phone] - [e-mail]
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)	Genesis Investment Management, LLP (The investment adviser to Genesis Asset Managers, LLP).
C: Additional information
Please be advised the Genesis Asset Managers, LLP is a specialist investment manager in emerging market equities for institutional clients. Our investment philosophy is as a long term, passive investor.
For notes on how to complete form TR-1 please see the FSA website.

 

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