Holding(s) in Company

RNS Number : 2422K

Ferrexpo PLC

15 April 2010

 



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:

Ferrexpo plc

2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
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):	Acquisition of voting rights and acquisition of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached	X

3. Full name of person(s) subject to the notification obligation:	BXR Group Limited, the ultimate parent undertaking and indirect controller of Wigmore Street Investments No.3 Limited
4. Full name of shareholder(s) (if different from 3.):	Wigmore Street Investments No.3 Limited
5. Date of the transaction and date on which the threshold is crossed or reached:	14 April 2010
6. Date on which issuer notified:	15 April 2010
7. Threshold(s) that is/are crossed or reached:	24%

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		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of  voting rights
			Direct	Direct	Indirect	Direct	Indirect
	0	0	76,656,035	76,656,035	N/A	13.02%	N/A
GB00B1XH2C03

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
Total Return Swap over ordinary shares of Ferrexpo plc	On the date 10 business days prior to 22 October 2012	Wigmore Street Investments No.3 Limited may elect for physical settlement of the Total Return Swap on the date 10 business days prior to 22 October 2012	23,500,000	3.99%
Total Return Swap over ordinary shares of Ferrexpo plc	On the date 10 business days prior to 22 October 2012	Wigmore Street Investments No.3 Limited may elect for physical settlement of the Total Return Swap on the date 10 business days prior to 22 October 2012	23,500,000	3.99%
Total Return Swap over ordinary shares of Ferrexpo plc	On the date 10 business days prior to 22 October 2012	Wigmore Street Investments No.3 Limited may elect for physical settlement of the Total Return Swap on the date 10 business days prior to 22 October 2012	23,500,000	3.99%

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
N/A	N/A	N/A	N/A	N/A	Nominal	Delta
					N/A	N/A

Total (A+B+C)
Number of voting rights	Percentage of voting rights
147,156,035	24.99%

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

BXR Group Limited is the ultimate parent undertaking and indirect controller of Wigmore Street Investments No.3 Limited. Wigmore Street Investments No.3 Limited holds all the voting rights and the financial instruments referred to in this form amounting to 24.99% of the voting rights in aggregate.

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:
14. Contact name:
15. Contact telephone number:

 

END

 

 

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