TIDMGATE

RNS Number : 7071M

Gate Ventures PLC

08 May 2015

 
 
                                       8 May 2015 
                                    Gate Ventures Plc 
                           ("Gate Ventures" or the "Company") 
 
                                  Holding(s) in Company 
 
                 The Board of Gate Ventures announces that on 7 May 2015 
                  the Company received the following TR-1 notification 
                submitted on behalf of Golden Pine Investments and which 
                           is set out below without amendment. 
-------------------------------------------------------------------------------------- 
 1. Identity of the issuer or                                    GATE VENTURES PLC 
  the underlying 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 
------------------------------------------------------------  ------------------------ 
 Other (please 
  specify): 
----------------------------------------------------------    ------------------------ 
 3. Full name of person(s)                                    Golden Pine Investments 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ------------------------- 
 5. Date of the transaction                                          05/05/2015 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------- 
 6. Date on which issuer                                             07/05/2015 
  notified: 
-----------------------------------------------------------  ------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                           3%, 4%, 5%, 6%, 7%, 8% 
-----------------------------------------------------------  ------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type    Situation previous                   Resulting situation after the 
 of             to the triggering                    triggering transaction 
 shares         transaction 
 
 if possible 
 using 
 the ISIN 
 CODE 
------------  -----------------------------------  ------------------------------------------------------------------- 
               Number            Number             Number          Number of                 % of voting 
               of                 of                 of shares       voting                    rights (x) 
               Shares             Voting                             rights 
                                  Rights 
------------  ----------------  -----------------  --------------  ------------------------  ------------------------- 
                                                    Direct          Direct     Indirect       Direct        Indirect 
                                                                    (xi)        (xii) 
------------      ------------    -------------    --------------  ---------  -------------  ------------  ----------- 
 
                      0                 0%                                      2,835,000                     8.65% 
------------  ----------------  -----------------  --------------  ---------  -------------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of           Expiration      Exercise/                          Number of voting            % of voting 
 financial          date            Conversion                         rights that                 rights 
 instrument         (xiii)          Period (xiv)                       may 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 
 financial        price          date             Conversion         rights instrument           rights (xix, 
 instrument                      (xvii)           period             refers to                   xx) 
                                                  (xviii) 
--------------  --------------  ---------------  ----------------  --------------------------  ----------------------- 
                                                                                                Nominal       Delta 
--------------  --------------  ---------------  ----------------  --------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                              Percentage of voting rights 
---------------------------------------------------  ----------------------------------------------------------------- 
                     2,835,000                                                     8.65% 
---------------------------------------------------  ----------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------ 
 
   CHANGE OF OWNERSHIP OF RIGHTEOUS GROUP INTERNATIONAL 
   (WHICH OWNS 2,835,000 ORDINARY SHARES OF 1P EACH IN 
   GATE VENTURES PLC.) IS NOW WHOLLY OWNED BY GOLDEN PINE 
   INVESTMENTS LTD 
------------------------------------------------------------------ 
 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: 
------------------------------------------------------------  ---- 
 15. Contact telephone number:                                  + 
------------------------------------------------------------  ---- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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