TIDMVLS

RNS Number : 0211H

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                                                     Eugene Tenenbaum 
 City and country of registered office 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) 
 Name                                                     Ervington Investments Limited 
                                                         --------------------------------------------------------- 
 City and country of registered office                    Limassol, Republic of Cyprus 
  (if applicable) 
                                                         --------------------------------------------------------- 
 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                               zero                  N/A              zero                zero 
  on the date 
  on which threshold 
  was crossed 
  or reached 
                                -----------------------  -------------------  ----------------  ------------------ 
 Position of 
  previous notification 
  (if 
  applicable)                                     3.97%                  N/A             3.97% 
                                -----------------------  -------------------  ----------------  ------------------ 
 
 
 
 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                      zero                       zero                                zero                   zero 
  (GB00B11SZ269) 
                    ----------------------  -------------------------  ----------------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                             zero                                                   zero 
                    -------------------------------------------------  --------------------------------------------------------- 
 
 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 
                                                                       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 
                            ------------------------  ----------------------  ------------------------ 
 Eugene Tenenbaum                               zero                                              zero 
                            ------------------------  ----------------------  ------------------------ 
 Heathville Investments                         zero                                              zero 
  Limited 
                            ------------------------  ----------------------  ------------------------ 
 
 
 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 Eugene Tenenbaum and 
  Heathville Investments Limited. 
 
  As per a previously notified TR1 provided to the issuer on 28 February 
  2022, through Ervington Investments Limited, Mr Eugene Tenenbaum and 
  Heathville Investments Limited had an indirect interest in 55,413,333 
  (3.97%) ordinary shares of Velocys plc. 
 
  On 29 March 2022, Heathville Investments Limited ceased to be the parent 
  company of Ervington Investments Limited. As a consequence, neither Mr 
  Eugene Tenenbaum nor Heathville Investments Limited have any interest, 
  direct or indirect, in ordinary shares of Velocys plc. 
 
 
 
 Place of completion   Jersey 
 Date of completion    1 April 2022 
                      ------------- 
 

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