Holding(s) in Company

RNS Number : 4221L

Volex PLC

03 July 2014

 



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				Volex Plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					Yes
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		Ruffer LLP (for its discretionary clients)
4. Full name of shareholder(s)  (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		2 July 2014
6. Date on which issuer notified:		3 July 2014
7. Threshold(s) that is/are crossed or reached: vi, vii		7% to 10%

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

GB0009390070

6,614,772

6,614,772

9,079,266

9,079,266

-

10%

-

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

9,079,266

10%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
N/A
Proxy Voting:
10. Name of the proxy holder:		N/A
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:	Ruffer LLP now controls the voting rights over 9,079,266 shares (10% of the voting rights) of Volex Plc which are held by Ruffer LLP's discretionary clients. Ruffer purchased 2,149,070 new shares in the recent placing which were admitted to the market on 2 July 2014. In addition to this Ruffer also purchased, on 2 July 2014 a further 315,424 of Volex Plc's existing shares. These transactions had the effect of increasing Ruffer's percentage holding from 7% to 10%
14. Contact name:	Louise Stanway
15. Contact telephone number:	020 7963 8146

 

END

 

 

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