Velocys PLC Notification of Major Holdings (0199H)
April 01 2022 - 10:21AM
UK Regulatory
TIDMVLS
RNS Number : 0199H
Velocys PLC
01 April 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)
1a. Identity of the issuer or the Velocys plc
underlying issuer of existing shares
to which voting rights are attached
:
-------------------------------------------------------------
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):
------------------
3. Details of person subject to the notification obligation
Name David Davidovich
City and country of registered office
(if applicable)
4. Full name of shareholder(s) (if different from 3.)
Name (1) Norma Investments Limited
(2) Ervington Investments Limited
-------------------------------------------------------------
City and country of registered office (1) Tortola, British Virgin Islands
(if applicable) (2) Limassol, Republic of Cyprus
-------------------------------------------------------------
5. Date on which the threshold was 29 March 2022
crossed or reached :
-------------------------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 1 April 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
of 8. A) (total of 8.B
1 + 8.B 2)
----------------------- ---------------------- ----------------- ------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 9.89% N/A 9.89% 137,855,776
----------------------- ---------------------- ----------------- ------------------
Position of
previous notification
(if
applicable) 5.91% N/A 5.91%
----------------------- ---------------------- ----------------- ------------------
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached
A: Voting rights attached to shares
Class/type of Number of voting rights % of voting rights
shares
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 shares
(GB00B11SZ269) 137,855,776 9.89%
-------------------- --------------------- ---------------------------------- ---------------------
SUBTOTAL 8. A 137,855,776 9.89%
------------------------------------------- ---------------------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion Period rights that may rights
instrument 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 Conversion cash voting rights rights
instrument Period settlement
--------------------- --------------------- --------------- -----------------
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
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 (please add additional
rows as necessary)
Name % 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
-------------------------- ----------------------- ----------------------
David Davidovich 9.89% 9.89%
-------------------------- ----------------------- ----------------------
Erlinad Holdings
Limited 9.89% 9.89%
-------------------------- ----------------------- ----------------------
Norma Investments
Limited 9.89% 9.89%
-------------------------- ----------------------- ----------------------
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
This notification is made on behalf of each of Mr David Davidovich, Erlinad
Holdings Limited, Norma Investments Limited and Ervington Investments
Limited.
As per previously notified TR1s provided to the issuer on 28 February
2022: (1) Norma Investments Limited holds a direct interest in 82,442,443
(5.91%) ordinary shares of Velocys plc; and (2) Ervington Investments
Limited holds a direct interest in 55,413,333 (3.97%) ordinary shares
of Velocys plc. There has been no change to these direct interests.
On 29 March 2022, Norma Investments Limited became the parent company
of Ervington Investments Limited. As a consequence, Norma Investments
Limited has an interest in 137,855,776 (9.89%) ordinary shares of Velocys
plc, consisting of: (1) a direct interest in 82,442,443 (5.91%) ordinary
shares of Velocys plc held by Norma Investments Limited; and (2) an indirect
interest in 55,413,333 (3.97%) ordinary shares of Velocys plc held by
Ervington Investments Limited.
Erlinad Holdings Limited holds a 100% direct interest in Norma Investments
Limited and therefore holds an indirect interest in 137,855,776 (9.89%)
ordinary shares of Velocys plc.
Mr David Davidovich holds a 100% direct interest in Erlinad Holdings
Limited and therefore holds an indirect interest in 137,855,776 (9.89%)
ordinary shares of Velocys plc.
Place of completion
Date of completion 1 April 2022
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END
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