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KSK Power Ventur PLC - Holding(s) in Company

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 shares viii, 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
 
END
 
 
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Market: AIM
Market Cap: -
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