Petro Matad Limited Holding(s) in Company (6819L)
July 20 2017 - 11:43AM
UK Regulatory
TIDMMATD
RNS Number : 6819L
Petro Matad Limited
20 July 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or Petro Matad Limited
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) Bergen Asset Management, LLC
subject to the
notification obligation:
(iii)
----------------------------------------------------------- -----------------------------------
4. Full name of shareholder(s) BNP Paribas Securities Services
(if different from 3.):(iv) and Jarvis Investment Management
Plc as Custodian for Bergen
Global Opportunity Fund, LP.
----------------------------------------------------------- -----------------------------------
5. Date of the transaction 18 July 2017
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- -----------------------------------
6. Date on which issuer 18 July 2017
notified:
----------------------------------------------------------- -----------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 4%, 5%, 6%, 7%
----------------------------------------------------------- -----------------------------------
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 voting % of voting
of of of rights rights (x)
Shares Voting shares
Rights
----------- --------------- ----------------------------- ---------- ---------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
----------- ----------- ----------- ------------ ---------- --------- ----------- ------------ -----------
9,858,703 3.25% 22,241,980 7.03%
----------- --------------- ----------------------------- ---------- --------- ----------- ------------ -----------
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
------------------------------------------------------------- -----------------------------------------------------------
22,241,980 7.03%
------------------------------------------------------------- -----------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
-------------------------------------------------------------------------------------------------
Bergen Asset Management, LLC is ultimately controlled
by Mr. Eugene Tablis
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:
------------------------------------------------------------- ----------------------------------
The 7.03% holding is calculated
13. Additional information: on total issued share capital
of 316,473,908 shares (including
issue of 13,389,719 new shares,
to be admitted to AIM on
24 July 2017)
------------------------------------------------------------- ----------------------------------
14. Contact name: Cory Burns, CFO/COO
------------------------------------------------------------- ----------------------------------
15. Contact telephone number: +1 212 488 2559
------------------------------------------------------------- ----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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