Holding(s) in Company

KSK Power Ventur

13/03/2014 07:01

RNS Number : 2130C

KSK Power Ventur PLC

13 March 2014

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
 
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:ii
KSK Power Ventur plc ("KSK" or the "Company")
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 similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
Pledge over existing Ordinary Shares
√
3. Full name of person(s) subject to the
notification obligation:iii
Sayi Energy Ventur Limited (the holding company through
which Sayi Power Energy Limited, Executive Directors Mr. S. Kishore and Mr. K.A. Sastry hold their interest in the Company)
4. Full name of shareholder(s) (if different from 3.):iv
See Section 9
5. Date of the transaction and date on
which the threshold is crossed or
reached:v
7 March 2014
6. Date on which issuer notified:
10 March 2014
7. Threshold(s) that is/are crossed or
reached: vi, vii
N/A


 

8. Notified details:
A: Voting rights attached to sharesviii, ix
Class/type of
shares
if possible using
the ISIN CODE
Situation previous
to the triggering
transaction
Resulting situation after the triggering transaction
Number
of
Shares
Number
of
Voting
Rights
Number
of shares
Number of voting
rights
% of voting rights x
Direct
Direct xi
Indirect xii
Direct
Indirect
Ord 0.1p shares
IM00B1G29327
106,336,750
106,336,750
106,336,750
106,336,750
60.66
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument
Expiration
date xiii
Exercise/
Conversion Period xiv
Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.
% of voting
rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial
instrument
Exercise price
Expiration date xvii
Exercise/
Conversion period xviii
Number of voting rights instrument refers to
% of voting rights xix, xx
Nominal
Delta
Total (A+B+C)
Number of voting rights
Percentage of voting rights
106,336,750
60.66%


 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
Sayi Energy Ventur Limited has created security over 52,417,271 shares in KSK power Ventur plc (representing 29.89% of the total issued share capital) in favour of certain lenders as collateral security for a debt facility made available to the Group.
Sayi Energy Ventur Limited (the holdings company through which Sayi Power Energy Limited, Executive Directors Mr. S. Kishore and Mr. K.A. Sastry hold their interest in the Company) continues to hold 106,336,750 ordinary shares of KSK Power Ventur plc.
Proxy Voting:
10. Name of the proxy holder:
N/A
11. Number of voting rights proxy holder will cease
to hold:
N/A
12. Date on which proxy holder will cease to hold
voting rights:
N/A

13. Additional information:
N/A
14. Contact name:
Mr. Richard Day
15. Contact telephone number:
+44 20 7614 5900


 

This information is provided by RNS

The company news service from the London Stock Exchange

 
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