TIDMPLUS

RNS Number : 2037O

Plus500 Limited

26 May 2015

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying                               PLUS500 Ltd 
  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) subject                           ODEY ASSET MANAGEMENT LLP 
  to the 
  notification obligation: (iii) 
--------------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
--------------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date                                       22 MAY 2015 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:                                         25 MAY 2015 
--------------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                               19% 
--------------------------------------------  ---------------------------------------- 
 
 
 
 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 rights 
                   of               of                  of shares      rights                     (x) 
                   Shares           Voting 
                                    Rights 
---------------  ---------------  ------------------  -------------  -------------------------  ------------------------------ 
                                                       Direct         Direct          Indirect   Direct           Indirect 
                                                                       (xi)            (xii) 
---------------    ----  -------  ------  -----  ---  -------------  --------------  ---------  ---------------  ------------- 
 Ordinary Share 
 (IL0011284465)   18,745,635       18,745,635          21,206,597     21,206,597                 18.46% 
---------------  ---------------  ------------------  -------------  --------------  ---------  ---------------  ------------- 
 
 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 
                                            (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 instrument               (xix, xx) 
 instrument                                        period              refers to 
                                                   (xviii) 
-----------------  -------------  -------------  ------------------  ------------------------------  ------------------------- 
 Contract for                                                         715,160                         Nominal        Delta 
 Difference (CFD) 
-----------------  -------------  -------------  ------------------  ------------------------------  -------------  ---------- 
                                                                                                      0.62% 
---------------    ----  -------  ------  -----  ---  -----------    -----  -------  ---------  ---  -------------  ---------- 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                            Percentage of voting rights 
-----------------------------------------------------------------  ----------------------------------------------------------- 
 21,921,757                                                         19.08% 
-----------------------------------------------------------------  ----------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------- 
 
   CF Odey Absolute Return Fund holds 14.07% and Odey Allegra Developed 
   Markets Fund holds 3.51%. 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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