Holding(s) in Company
August 25 2010 - 1:19PM
UK Regulatory
TIDMATLS
ATLAS ESTATES LIMITED
(Registered in Guernsey - Number 44284)
Registered Office:
Martello Court, Admiral Park, St Peter Port, Guernsey, GY1 3HB
TELEPHONE: +44 1481 211000
FACSIMILE: +44 1481 211001
e-mail: fundcosec@intertrustgroup.com
For immediate release
25 August 2010
Holdings in Company
The Board of Directors (the "Board") of Atlas Estates Limited (the "Company")
hereby announces that on 24 August 2010 it received notice from RP Partners
Fund and RP Explorer Fund (together, the "Funds") advising that, as a result of
the disposal on 23 August 2010 (the "Disposal") of shares in the Company, the
Funds' share in the total number of the votes in the Company decreased below
the threshold of 10% (the "Information from the Funds").
The Board also announces that on 25 August 2010 it received notice from
Pricewaterhousecoopers Associates Limited ("PwC"), as trustee of Atlas Project
Purpose Trust, advising it that as a result of the acquisition on 23 August
2010 (the "Acquisition") of shares in the Company, PwC's share in the total
number of the votes in the Company surpassed 5% (the "Information from PwC").
According to the Information from the Funds, immediately prior to the Disposal
the Funds held in the Company 5,560,616 shares, which entitled the holders to
5,560,616 votes at the meeting of the shareholders of Company. The Funds
currently hold 3,144,608 shares in the Company, representing 6.72% in the
Company's share capital and entitling the holders to 3,144,608 votes at the
meeting of the shareholders of the Company, which represents 6.72% of the total
number of the votes at such meeting.
According to the Information from PwC immediately prior to the Acquisition,
Atlas Project Purpose Trust did not hold any shares in the Company and did not
have any votes at the meeting of the shareholders of the Company. Atlas Project
Purpose Trust currently holds 2,416,008 shares in the Company, representing
5.15% in the Company's share capital and entitling the holder to 2,416,008
votes at the meeting of the shareholders of the Company, which represents 5.15%
of the total number of the votes at such meeting.
The information disclosed in this announcement is pursuant to Art. 70 section 1
of the Polish Act on Public Offering, the Conditions Governing the Introduction
of Financial Instruments to Organized Trading, and Public Companies of 29 July
2005 (amended and restated: Journal of Laws of 2009, No. 185, item 1439) and
Rule 17 of the AIM Rules for Companies.
- end -
Further information, please contact:
Atlas Management Company Limited Tel + 48 (0) 22 208 07 00
Reuven Havar
Fairfax I.S. PLC Tel +44 (0) 207 598 5368
David Floyd / Rachel Rees
Intertrust Fund Services (Guernsey) Limited Tel +44 (0) 1481 211000
Andre Le Prevost
END
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