REG - Velocys PLC - Notification of Major Holdings

VelocysAnnouncement

01/04/2022 15:30

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RNS Number : 0199H  Velocys PLC  01 April 2022

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)

 1a. Identity of the issuer or the underlying issuer of existing shares to                                                                                    Velocys plc
 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 (if applicable)                                                                                                        (1)  Tortola, British Virgin Islands

                                                                                                                                                              (2)  Limassol, Republic of Cyprus
 5. Date on which the threshold was crossed or reached:                                                                                                       29 March 2022
 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 rights attached to shares (total of 8. A)  % of voting rights through financial instruments      Total of both in % (8.A + 8.B)  Total number of voting rights of issuer

(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                                      5.91%                                                  N/A                                                   5.91%

 applicable)

 

 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 2004/109/EC) (DTR5.1)       (Art 10 of Directive 2004/109/EC) (DTR5.2.1)                (Art 9 of Directive 2004/109/EC) (DTR5.1)        (Art 10 of Directive 2004/109/EC) (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 financial instrument                    Expiration              Exercise/                                                   Number of voting rights that may be acquired if the instrument is        % of voting rights

date
Conversion Period

                                                                                                                                     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 financial instrument  Expiration                                Exercise/                                 Physical or cash                                                  Number of voting rights  % of voting rights

date
Conversion 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 and/or                                                                                                                                                x
 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 if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the 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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