TIDMKGLD

RNS Number : 9397D

Kolar Gold Limited

03 February 2015

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                    Kolar Gold Ltd 
  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 
-------------------------------------------------------------------------------  ------- 
 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       Transfer of management                                        Yes 
  specify): 
------------------  -----------------------------------------------------------  ------- 
 3. Full name of person(s) subject                 Ruffer LLP (for discretionary clients 
  to the                                                            of the Ruffer Group) 
  notification obligation: (iii) 
------------------------------------------  -------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
------------------------------------------  -------------------------------------------- 
 5. Date of the transaction and date                                     2 February 2015 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
------------------------------------------  -------------------------------------------- 
 6. Date on which issuer notified:                                       3 February 2015 
------------------------------------------  -------------------------------------------- 
 7. Threshold(s) that is/are crossed                                  Less than 5% to 5% 
  or 
  reached: (vi, vii) 
------------------------------------------  -------------------------------------------- 
 
 
 
 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) 
--------------    -----  ------  ------  -----  ---  ------------  -------------  ---------  -------------  -------------- 
 
 
 
  GG00B3M9KL68   0                0                   6,171,000     6,171,000         -       5%                   - 
                ---------------  ------------------  ------------  -------------  ---------  -------------  -------------- 
 
 
 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 
---------------------------------------------------------------  --------------------------------------------------------- 
 6,171,000                                                        5% 
---------------------------------------------------------------  --------------------------------------------------------- 
 
 
 
 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: 
-----------------------------------------------------  ------------------------------ 
 
                                           Ruffer LLP now controls the voting 
  13. Additional information:               rights over 6,171,000 shares (5% of 
                                            the voting rights) of Kolar Gold Ltd, 
                                            which are held by discretionary clients 
                                            of Ruffer LLP and its subsidiaries 
                                            (the voting of which is all controlled 
                                            by Ruffer LLP). 
 
 
                                            This change from less than 5% to 5% 
                                            is due to the transfer of management 
                                            to Ruffer LLP of 6,171,000 shares 
                                            on 2 February 2015. 
----------------------------------------  ------------------------------------------- 
 14. Contact name:                                                     Louise Stanway 
----------------------------------------  ------------------------------------------- 
 15. Contact telephone number:                                          020 7963 8146 
----------------------------------------  ------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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