TIDMPLUS

RNS Number : 6672G

Plus500 Limited

05 March 2015

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
-------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                               PLUS500 Ltd 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: 
--------------------------------------------------  ---------------------------------- 
 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) subject                           ODEY ASSET MANAGEMENT LLP 
  to the 
  notification obligation: 
--------------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.): 
--------------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date                                     04 MARCH 2015 
  on 
  which the threshold is crossed 
  or 
  reached: 
--------------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:                                       05 MARCH 2015 
--------------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached:                                                                         13% 
--------------------------------------------  ---------------------------------------- 
 
 
 
 8. Notified details: 
-------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
-------------------------------------------------------------------------------------------------------------------------- 
 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 rights 
                   of              of                 of shares     rights 
                   Shares          Voting 
                                   Rights 
---------------  --------------  -----------------  ------------  -------------------------  ----------------------------- 
                                                     Direct        Direct          Indirect   Direct           Indirect 
---------------    ---  -------  ------  -----      ------------  --------------  ---------  ---------------  ------------ 
 Ordinary Share 
 (IL0011284465)   9,238,178       9,238,178          8,385,498     8,385,498                  7.30% 
---------------  --------------  -----------------  ------------  --------------  ---------  ---------------  ------------ 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------- 
 Type of financial       Expiration       Exercise/                       Number of voting               % of voting 
  instrument              date (xiii)      Conversion Period               rights that may                rights 
                                                                           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           Conversion        rights instrument 
 instrument                                       period            refers to 
-----------------  ------------  -------------  ----------------  ------------------------------  ------------------------ 
 Contract for                                                      6,365,160                       Nominal        Delta 
 Difference (CFD) 
-----------------  ------------  -------------  ----------------  ------------------------------  -------------  --------- 
                                                                                                   5.54% 
---------------    ---  -------  ------  -----      ----------    -----  -------  ---------  ---  -------------  --------- 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                         Percentage of voting rights 
--------------------------------------------------------------  ---------------------------------------------------------- 
 14,750,658                                                      12.84% 
--------------------------------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
-------------------------------------------------------------------------------- 
 
   CF Odey Absolute Return Fund holds 10.06%. All other funds hold less 
   than 3%. 
 
 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:                                                    FERGUS LEE 
----------------------------------------  -------------------------------------- 
 15. Contact telephone number:                                      020 72081400 
----------------------------------------  -------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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