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AFRI - Afriag Global News Story

6.5p 0.0  0.0%

Last Trade - 17/09/20

Sector
Industrials
Size
Micro Cap
Market Cap £2.14m
Enterprise Value £904k
Revenue £n/a
Position in Universe 1755th / 1806

AfriAg Global Plc: Holding(s) in Company

Thu 19th July, 2018 3:34pm
TR-1: Standard 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 underlying issuer of existing shares to which voting rights are attached (ii):                                                                                                             AfriAg Global plc                                                     
 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                                                                                                                                                                                                                                                        
 An acquisition or disposal of financial instruments                                                                                                                                                                                                                                                
 An event changing the breakdown of voting rights                                                                                                                                                                                                                                     X             
 Other (please specify) (iii):                                                                                                                                                                                                                                                                      
 3. Details of person subject to the notification obligation (iv)                                                                                                                                                                                                                                   
 Name                                                                                                                                                                      Mr & Mrs Andrew William Oliver                                                                                           
 City and country of registered office (if applicable)                                                                                                                                                                                                                                              
 4. Full name of shareholder(s) (if different from 3.) (v)                                                                                                                                                                                                                                          
 Name                                                                                                                                                                                                                                                                                               
 City and country of registered office (if applicable)                                                                                                                                                                                                                                              
 5. Date on which the threshold was crossed or reached (vi):                                                                                                               13 July 2018                                                                                                             
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                                            19 July 2018                                                                                                             
 7. Total positions of person(s) subject to the notification obligation                                                                                                                                                                                                                             
                                                                            % of voting rights attached to shares (total of 8. A)    % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)    Total of both in % (8.A + 8.B)  Total number of voting rights of issuer (vii)     
 Resulting situation on the date on which threshold was crossed or reached  <4.00%                                                 0%                                                                             <4.00%                          61,000,000                                        
 Position of previous notification (if applicable)                          4.10%                                                  0%                                                                             4.10%                                                                             
                                                                                                                                                                                                                                                                                                    

   

 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 (ix)                                                                                                  % of voting rights                                                                                                     
 shares ISIN code (if possible)                                                                                                                                                                                                                                                                       
                                                   Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)             Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)                 Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)         Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)  
                                                 61,000,000                                                                                                                    3.46%                                                                                                                  
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
 SUBTOTAL 8. A                                                                                            61,000,000                                                                                                                   3.46%                                                          
                                                                                                                                                                                                                                                                                                      
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))                                                                                                                                                                                                      
 Type of financial instrument                    Expiration                 Exercise/                                                          Number of voting rights that may be acquired if the instrument is  exercised/converted.         % of voting rights                                     
                                                 date (x)                   Conversion Period (xi)                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                            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 financial instrument  Expiration                                   Exercise/                                      Physical or cash  settlement (xii)                                                  Number of voting rights         % of voting rights                                     
                               date (x)                                     Conversion Period (xi)                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                           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 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 if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher than the notifiable threshold                 Total of both if it equals or is higher than the notifiable threshold                
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
 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)                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          

   

 Place of completion  Newcastle upon-Tyne, England  
 Date of completion   19 July 2018                  

   

 Annex: Notification of major holdings (to be filed with the FCA only )                                                                                       
                                                                                                                                                              
 A: Identity of the person subject to the notification obligation                                                                                             
 Full name (including legal form for legal entities)                                                                                 Andrew William Oliver    
 Contact address (registered office for legal entities)                                                                                                       
 E-Mail                                                                                                                              andrewwoliver@gmail.com  
 Phone number / Fax number                                                                                                           07808909147              
 Other useful information (at least legal representative for legal persons)                                                                                   
                                                                                                                                                              
 B: Identity of the notifier, if applicable                                                                                                                   
 Full name                                                                                                                                                    
 Contact address                                                                                                                                              
 E-Mail                                                                                                                                                       
 Phone number / Fax number                                                                                                                                    
 Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)                               
                                                                                                                                                              
 C: Additional information                                                                                                                                    
                                                                                                                                                              
                                                                                                                                                              

Please send the completed form together with this annex to the FCA at the
following email

address: Majorshareholdings@fca.org.uk. Please send in Microsoft Word format
if possible.

Notes

(i) Please note that national forms may vary due to specific national
legislation (Article 3(1a) of Directive 2004/109/EC) as for instance the
applicable thresholds or information regarding capital holdings.

(ii) Full name of the legal entity and further specification of the issuer or
underlying issuer, provided it is reliable and accurate (e.g. address, LEI,
domestic number identity). Indicate in the relevant section whether the issuer
is a non UK issuer.

(iii) Other reason for the notification could be voluntary notifications,
changes of attribution of the nature of the holding (e.g. expiring of
financial instruments) or acting in concert.

(iv) This should be the full name of (a) the shareholder; (b) the natural
person or legal entity acquiring, disposing of or exercising voting rights in
the cases provided for in DTR5.2.1 (b) to (h)/ Article 10 (b) to (h) of
Directive 2004/109/EC; (c) all parties to the agreement referred to in Article
10 (a) of Directive 2004/109/EC (DTR5.2.1 (a)) or (d) the holder of financial
instruments referred to in Article 13(1) of Directive 2004/109/EC (DTR5.3.1).

As the disclosure of cases of acting in concert may vary due to the specific
circumstances (e.g. same or different total positions of the parties, entering
or exiting of acting in concert by a single party) the standard form does not
provide for a specific method how to notify cases of acting in concert.

In relation to the transactions referred to in points (b) to (h) of Article 10
of Directive 2004/109/EC (DTR5.2.1 (b) to (h)), the following list is provided
as indication of the persons who should be mentioned:

- in the circumstances foreseen in letter (b) of Article 10 of that Directive
(DTR5.2.1 (b)), the natural person or legal entity that acquires the voting
rights and is entitled to exercise them under the agreement and the natural
person or legal entity who is transferring temporarily for consideration the
voting rights;

- in the circumstances foreseen in letter (c) of Article 10 of that Directive
(DTR5.2.1 (c)), the natural person or legal entity holding the collateral,
provided the person or entity controls the voting rights and declares its
intention of exercising them, and natural person or legal entity lodging the
collateral under these conditions;

- in the circumstances foreseen in letter (d) of Article 10 of that Directive
(DTR5.2.1 (d)), the natural person or legal entity who has a life interest in
shares if that person or entity is entitled to exercise the voting rights
attached to the shares and the natural person or legal entity who is disposing
of the voting rights when the life interest is created;

- in the circumstances foreseen in letter (e) of Article 10 of that Directive
(DTR5.2.1 (e)), the controlling natural person or legal entity and, provided
it has a notification duty at an individual level under Article 9 (DTR 5.1),
under letters (a) to (d) of Article 10 of that Directive (DTR5.2.1 (a) to (d))
or under a combination of any of those situations, the controlled undertaking;

- in the circumstances foreseen in letter (f) of Article 10 of that Directive
(DTR5.2.1 (f)), the deposit taker of the shares, if he can exercise the voting
rights attached to the shares deposited with him at his discretion, and the
depositor of the shares allowing the deposit taker to exercise the voting
rights at his discretion;

- in the circumstances foreseen in letter (g) of Article 10 of that Directive
(DTR5.2.1 (g)), the natural person or legal entity that controls the voting
rights;

- in the circumstances foreseen in letter (h) of Article 10 of that Directive
(DTR5.2.1 (h)), the proxy holder, if he can exercise the voting rights at his
discretion, and the shareholder who has given his proxy to the proxy holder
allowing the latter to exercise the voting rights at his discretion (e.g.
management companies).

(v) Applicable in the cases provided for in Article 10 (b) to (h) of Directive
2004/109/EC (DTR5.2.1 (b) to (h). This should be the full name of the
shareholder who is the counterparty to the natural person or legal entity
referred to in Article 10 of that Directive (DTR5.2) unless the percentage of
voting rights held by the shareholder is lower than the lowest notifiable
threshold for the disclosure of voting rights holdings in accordance with
national practices (e.g. identification of funds managed by management
companies).

(vi) The date on which threshold is crossed or reached should be the date on
which the acquisition or disposal took place or the other reason triggered the
notification obligation. For passive crossings, the date when the corporate
event took effect.

(vii) The total number of voting rights shall be composed of all the shares,
including depository receipts representing shares, to which voting rights are
attached even if the exercise thereof is suspended.

(viii) If the holding has fallen below the lowest applicable threshold in
accordance with national law, please note that it might not be necessary in
accordance with national law to disclose the extent of the holding, only that
the new holding is below that threshold.

(ix) In case of combined holdings of shares with voting rights attached
"direct holding" and voting rights "indirect holding", please split the voting
rights number and percentage into the direct and indirect columns – if there
is no combined holdings, please leave the relevant box blank.

(x) Date of maturity/expiration of the financial instrument i.e. the date when
right to acquire shares ends.

(xi) If the financial instrument has such a period – please specify this
period – for example once every 3 months starting from  date .

(xii) In case of cash settled instruments the number and percentages of voting
rights is to be presented on a delta-adjusted basis (Article 13(1a) of
Directive 2004/109/EC) (DTR 5.3.3.A).

(xiii) If the person subject to the notification obligation is either
controlled and/or does control another undertaking then the second option
applies.

(xiv) The full chain of controlled undertakings starting with the ultimate
controlling natural person or legal entity has to be presented also in the
cases, in which only on subsidiary level a threshold is crossed or reached and
the subsidiary undertaking discloses the notification as only thus the markets
get always the full picture of the group holdings. In case of multiple chains
through which the voting rights and/or financial instruments are effectively
held the chains have to be presented chain by chain leaving a row free between
different chains (e.g.: A, B, C, free row, A, B, D, free row, A, E, F etc.).

(xv) The names of controlled undertakings through which the voting rights
and/or financial instruments are effectively held have to be presented
irrespectively whether the controlled undertakings cross or reach the lowest
applicable threshold themselves.

(xvi) Example: Correction of a previous notification.



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