TIDMAEN

RNS Number : 7826O

Andes Energia PLC

09 November 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying                                       ANDES ENERGIA PLC 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
-------------------------------------------------------------------  --------------------------------------------- 
 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 
-----------------------------------------------------------------------  ----------------------------------------- 
 Corporate Action 
------------------------------------------------------------------  ---  ----------------------------------------- 
 3. Full name of person(s) subject                                              MICHAEL WINSTON STEVENS 
  to the 
  notification obligation: (iii) 
-------------------------------------------------------------------  --------------------------------------------- 
 4. Full name of shareholder(s)                                       ADM INVESTOR SERVICES INTERNATIONAL 
  (if different from 3.):(iv)                                          LIMITED and BARCLAYS BANK, as nominees 
                                                                       for COMMTEL HOLDINGS CORP 
 
                                                                       COMMTEL BUSINESS INTERNATIONAL CORP 
 
                                                                       EFG BANK as nominee for MICHAEL WINSTON 
                                                                       STEVENS (2,590,000 Ordinary Shares) 
-------------------------------------------------------------------  --------------------------------------------- 
 5. Date of the transaction and date                                           Thursday, 3 NOVEMBER 2016 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
-------------------------------------------------------------------  --------------------------------------------- 
 6. Date on which issuer notified:                                              Monday, 7 NOVEMBER 2016 
-------------------------------------------------------------------  --------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                       9% 
-------------------------------------------------------------------  --------------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type   Situation previous                Resulting situation after the triggering 
 of            to the triggering                 transaction 
 shares        transaction 
 
 if 
 possible 
 using 
 the ISIN 
 CODE 
-----------  --------------------------------  ----------------------------------------------------------------------- 
              Number           Number           Number            Number of voting              % of voting 
               of               of               of shares         rights                        rights (x) 
               Shares           Voting 
                                Rights 
-----------  ---------------  ---------------  ----------------  ----------------------------  ----------------------- 
                                                Direct            Direct       Indirect         Direct     Indirect 
                                                                   (xi)         (xii) 
-----------      -----------    -----------    ----------------  -----------  ---------------  ---------  ------------ 
 
  ORDINARY      23,854,988         4.63%        48,854,988        2,590,000    46,264,988       0.5%       8.98% 
             ---------------  ---------------  ----------------  -----------  ---------------  ---------  ------------ 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of          Expiration     Exercise/                      Number of voting   % of voting 
 financial         date (xiii)    Conversion Period             rights that may     rights 
 instrument                       (xiv)                         be 
                                                                acquired if the 
                                                                instrument is 
                                                                exercised/ 
                                                                converted. 
---------------  -------------  -----------------------------  -----------------  ------------------------------------ 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of        Exercise       Expiration     Exercise/       Number of voting   % of voting rights 
 financial       price         date (xvii)    Conversion      rights              (xix, xx) 
 instrument                                   period          instrument 
                                              (xviii)         refers to 
-------------  -------------  -------------  --------------  -----------------  -------------------------------------- 
                                                                                 Nominal          Delta 
-------------  -------------  -------------  --------------  -----------------  ---------------  --------------------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                      Percentage of voting rights 
-----------------------------------------------------------  --------------------------------------------------------- 
 48,854,988                                                   9.48% 
-----------------------------------------------------------  --------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------------------------------------------- 
 
                                              COMMTEL HOLDINGS CORP (10,051,788 Ordinary Shares held by ADM Investor 
                                           Services International Limited as nominee, and 11,213,200 Ordinary Shares 
                                                                                   held by Barclays Bank as nominee) 
 
                                               COMMTEL BUSINESS INTERNATIONAL CORP, a subsidiary of COMMTEL HOLDINGS 
                                                                                   CORP (25,000,000 Ordinary Shares) 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
----------------------------------------------------------------------------  -------------------------------------- 
 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: 
----------------------------------------------------------------------------  -------------------------------------- 
 14. Contact name:                                                             Philip Speer, Thomson Webb & Corfield 
                                                                               LLP 
                                                                               pspeer@twclaw.co.uk 
----------------------------------------------------------------------------  -------------------------------------- 
 15. Contact telephone number:                                                 01223 578 086 
----------------------------------------------------------------------------  -------------------------------------- 
 
 

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