TIDMERE

RNS Number : 8701D

Eredene Capital PLC

02 April 2014

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying                    Eredene Capital plc 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
---------------------------------------------------  ---------------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
--------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                            Yes 
-----------------------------------------------------------------------------------  -------- 
 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): 
-------------------  --------------------------------------------------------------  -------- 
 3. Full name of person(s) subject                 Ruffer LLP (for its discretionary clients) 
  to the 
  notification obligation: (iii) 
--------------------------------------------  ----------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
--------------------------------------------  ----------------------------------------------- 
 5. Date of the transaction and date                                            01 April 2014 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  ----------------------------------------------- 
 6. Date on which issuer notified:                                              02 April 2014 
--------------------------------------------  ----------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                               26% to 25% 
--------------------------------------------  ----------------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type       Situation previous                 Resulting situation after the triggering 
  of               to the triggering                  transaction 
  shares           transaction 
 
  if possible 
  using 
  the ISIN CODE 
---------------  ---------------------------------  ------------------------------------------------------------------ 
                  Number         Number              Number       Number of voting          % of voting rights 
                   of             of                  of shares    rights                    (x) 
                   Shares         Voting 
                                  Rights 
---------------  -------------  ------------------  -----------  ------------------------  --------------------------- 
                                                     Direct       Direct         Indirect   Direct         Indirect 
                                                                   (xi)           (xii) 
---------------  ----  -------  ------  -----  ---  -----------  -------------  ---------  -------------  ------------ 
 
 
 
   GB00B064S565                                                   63,767,052     -          25%            - 
                                ------              -----------  -------------  ---------  -------------  ------------ 
                  64,015,738     64,015,738          63,767,052 
---------------  -------------  ------------------  -----------  ----  -------  ---------      ---  ----   ----------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial      Expiration       Exercise/                      Number of voting             % of voting 
  instrument             date (xiii)      Conversion Period              rights that may              rights 
                                          (xiv)                          be 
                                                                         acquired if the 
                                                                         instrument is 
                                                                         exercised/ converted. 
---------------------  ---------------  -----------------------------  ---------------------------  ------------------ 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise       Expiration     Exercise/         Number of voting              % of voting rights 
  financial        price          date (xvii)    Conversion        rights instrument             (xix, xx) 
  instrument                                     period            refers to 
                                                 (xviii) 
---------------  -------------  -------------  ----------------  ----------------------------  ----------------------- 
                                                                                                Nominal     Delta 
---------------  -------------  -------------  ----------------  ----------------------------  ----------  ----------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                          Percentage of voting rights 
---------------------------------------------------------------  ----------------------------------------------------- 
 63,767,052                                                       25% 
---------------------------------------------------------------  ----------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------------------ 
 
   N/A 
 
 Proxy Voting: 
------------------------------------------------------------------------------------------ 
 10. Name of the proxy holder:                                                         N/A 
------------------------------------------------------  ---------------------------------- 
 11. Number of voting rights proxy holder will 
  cease 
  to hold: 
------------------------------------------------------  ---------------------------------- 
 12. Date on which proxy holder will cease to 
  hold 
  voting rights: 
------------------------------------------------------  ---------------------------------- 
 
 
  13. Additional information:               Ruffer LLP now controls the voting 
                                            rights over 63,767,052 shares (25% 
                                            of the voting rights) of Eredene Capital 
                                            which are held by Ruffer LLP's discretionary 
                                            clients. 
 
                                            This change from 26% to 25% is due 
                                            to the sale of 248,686 shares on 01 
                                            April 2014. 
----------------------------------------  ------------------------------------------------ 
 14. Contact name:                                     Ocean Dial Asset Management Limited 
----------------------------------------  ------------------------------------------------ 
 15. Contact telephone number:                                               020 7802 8900 
----------------------------------------  ------------------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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