Tungsten Corporation PLC Holding(s) in Company (7857T)
January 10 2017 - 5:41AM
UK Regulatory
TIDMTUNG
RNS Number : 7857T
Tungsten Corporation PLC
10 January 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or Tungsten Corp 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
------------------------------------------------------------------- --------------------------
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 X
similar economic effect to qualifying financial
instruments
------------------------------------------------------------------- --------------------------
An event changing the breakdown of voting rights
------------------------------------------------------------------- --------------------------
Other (please
specify):
--------------------------------------------------------- -------- --------------------------
3. Full name of person(s) Odey Asset Management LLP
subject to the
notification obligation:
(iii)
----------------------------------------------------------- ----------------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv)
----------------------------------------------------------- ----------------------------------
5. Date of the transaction 9 January 2016
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- ----------------------------------
6. Date on which issuer 10 January 2016
notified:
----------------------------------------------------------- ----------------------------------
7. Threshold(s) that is/are Below 18%
crossed or
reached: (vi, vii)
----------------------------------------------------------- ----------------------------------
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)
--------------- ----------- ----------- ------------- ------------- ----------- ------------ -----------
Ordinary
Share
(GB00B7Z0Q502) 19,225,150 19,225,150 19,225,150 19,225,150 15.25%
--------------- --------------- --------------- ------------- ------------- ----------- ------------ -----------
B: Qualifying Financial Instruments
-----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
-----------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that rights
(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)
----------------- ------------- ------------- --------------- ---------------------------- -----------------------
Contract 3,428,518 Nominal Delta
for Difference
(CFD)
----------------- ------------- ------------- --------------- ---------------------------- ------------ ---------
2.72%
--------------- ----------- ----------- ----------- ----------- ----------- ------------ ---------
Total (A+B+C)
-----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------------- ------------------------------------------------------------------
22,653,668 17.96%
--------------------------------------------------- ------------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
------------------------------------------------------------------------------
Odey European Inc. holds 3.53%. Odey Allegra International
Fund holds 3.73%. 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 7208 1400
-------------------------------------------------------------- --------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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