TIDMVLS

RNS Number : 2229D

Velocys PLC

01 March 2022

TR-1: S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible) (i) 
 
 1a. Identity of the issuer or the                                            Velocys plc 
  underlying issuer of existing shares 
  to which voting rights are attached 
  (ii) : 
                                                             -------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                     ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                           X 
                                                                                                     ---- 
 An acquisition or disposal of financial instruments 
                                                                                                     ---- 
 An event changing the breakdown of voting rights 
                                                                                                     ---- 
 Other (please specify)(iii) : 
                                                                                                     ---- 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                         Eugene Tenenbaum 
 City and country of registered office 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name                                                         Ervington Investments Limited 
                                                             -------------------------------------------- 
 City and country of registered office                        Limassol, Republic of Cyprus 
  (if applicable) 
                                                             -------------------------------------------- 
 5. Date on which the threshold was                           24 February 2022 
  crossed or reached (vi) : 
                                                             -------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):               28 February 2022 
                                                             -------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting       % of voting rights    Total of both   Total number 
                            rights attached      through financial     in % (8.A +     of voting rights 
                            to shares (total        instruments            8.B)        of issuer (vii) 
                                of 8. A)           (total of 8.B 
                                                    1 + 8.B 2) 
                          ------------------  ---------------------  --------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               3.97                N/A                    3.97            55,413,333 
                          ------------------  ---------------------  --------------  -------------------- 
 Position of               N/A                 N/A                    N/A 
  previous notification 
  (if 
  applicable) 
                          ------------------  ---------------------  --------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which 
  the threshold was crossed or reached (viii) 
 A: Voting rights attached to shares 
 Class/type of        Number of voting rights                             % of voting rights 
  shares               (ix) 
  ISIN code (if 
  possible) 
                             Direct                   Indirect                     Direct                  Indirect 
                       (Art 9 of Directive       (Art 10 of Directive        (Art 9 of Directive     (Art 10 of Directive 
                           2004/109/EC)              2004/109/EC)           2004/109/EC) (DTR5.1)        2004/109/EC) 
                             (DTR5.1)                 (DTR5.2.1)                                          (DTR5.2.1) 
                                             -------------------------- 
 Ordinary share 
  (GB00B11SZ269)                                             55,413,333                                             3.97% 
                     ----------------------  --------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                           55,413,333                                            3.97% 
                     --------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of financial    Expiration   Exercise/                       Number of voting                  % of voting 
  instrument           date         Conversion Period               rights that may                   rights 
                       (x)          (xi)                            be acquired if 
                                                                    the instrument 
                                                                    is 
                                                                    exercised/converted. 
                     -----------  ------------------------------  --------------------------------  --------------------- 
 
 
 
                                   SUBTOTAL 8. B 1 
                                  ------------------------------  --------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of        Expiration         Exercise/             Physical or           Number of             % of voting 
  financial      date (x)           Conversion            cash                  voting rights         rights 
  instrument                        Period (xi)           settlement 
                                                          (xii) 
               -----------------  --------------------  --------------------  -------------------- 
 
 
 
                                                         SUBTOTAL 8.B.2 
                                                        --------------------  -------------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer (xiii) 
 Full chain of controlled undertakings through which the voting rights                         x 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (xiv) (please add additional 
  rows as necessary) 
        Name (xv)           % of voting rights      % of voting rights       Total of both if 
                              if it equals or        through financial        it equals or is 
                             is higher than the      instruments if it        higher than the 
                            notifiable threshold    equals or is higher     notifiable threshold 
                                                    than the notifiable 
                                                         threshold 
                          ----------------------  ---------------------  ------------------------ 
 Eugene Tenenbaum                          3.97%                                            3.97% 
                          ----------------------  ---------------------  ------------------------ 
 Heathville Investments 
  Limited                                  3.97%                                            3.97% 
                          ----------------------  ---------------------  ------------------------ 
 Ervington Investments 
  Limited                                  3.97%                                            3.97% 
                          ----------------------  ---------------------  ------------------------ 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                                  ----------------------------------------------- 
 The number and % of voting rights 
  held 
                                                  ----------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                                  ----------------------------------------------- 
 
 11. Additional information (xvi) 
 This notification is made on behalf of each of Mr Eugene Tenenbaum, Heathville 
  Investments Limited and Ervington Investments Limited. 
 
  As per the previously notified TR1 provided to the issuer on 22 December 
  2021, Ervington Investments Limited holds a direct interest in 55,413,333 
  (3.97%) ordinary shares of Velocys plc. Norma Investments Limited is 
  no longer the parent company of Ervington Investments Limited. 
 
  Heathville Investments Limited holds a 100% direct interest in Ervington 
  Investments Limited and therefore, through Heathville Investments Limited, 
  holds an indirect interest in the 55,413,333 (3.97%) ordinary shares 
  of Velocys plc held by Ervington Investments Limited. 
 
  Mr Eugene Tenenbaum holds a 100% direct interest in Heathville Investments 
  Limited and therefore, through Heathville Investments Limited and Ervington 
  Investments Limited, holds an indirect interest in the 55,413,333 (3.97%) 
  ordinary shares of Velocys plc held by Ervington Investments Limited. 
 
 
 
 Place of completion   Jersey 
 Date of completion    28 February 2022 
                      ----------------- 
 

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