TIDMSID

RNS Number : 6868F

Silverdell PLC

19 June 2012

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the underlying                          Silverdell 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                                    x 
---------------------------------------------------------------------------  ------- 
 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                               x 
---------------------------------------------------------------------------  ------- 
 Other (please 
  specify): 
------------------  -------------------------------------------------------  ------- 
 3. Full name of person(s) subject                  Marwyn Investment Management LLP 
  to the 
  notification obligation: (iii) 
------------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s)                           Marwyn Value Investors L.P 
  (if different from 3.):(iv)                                        James Corsellis 
                                                                          Mark Watts 
------------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date                                    18 June 2012 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
------------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:                                      18 June 2012 
------------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed                       Below 24,23,22,21 and 20% 
  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) 
--------------    ----  -------  ------  -----  ---  -------------  -------------  ---------  --------------  ------------- 
  GB00B12XK814   41,819,938       41,819,938          57,274,483     57,274,483                18.29% 
                ---------------  ------------------  -------------  -------------  ---------  --------------  ------------- 
 
 
 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. 
----------------------  ---------------  ------------------------------  -----------------------------  ------------------- 
                         19 March 
 Warrants                 2013                                            3,220,118                      1.03% 
----------------------  ---------------  ------------------------------  -----------------------------  ------------------- 
 
 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 
----------------------------------------------------------------  --------------------------------------------------------- 
 60,494,601                                                        19.31% 
----------------------------------------------------------------  --------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------- 
 
  Marwyn Value Investors LP holds 59,934,208 voting rights 
  James Corsellis holds 540,393 voting rights 
  Mark Watts holds 20,000 voting rights 
 
 Proxy Voting: 
-------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
---------------------------------------------------  --------------------------- 
 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: 
----------------------------------------  -------------------------------------- 
 14. Contact name:                                        Antoinette Vanderpuije 
----------------------------------------  -------------------------------------- 
 15. Contact telephone number:                                     0207 004 2743 
----------------------------------------  -------------------------------------- 
 
 
 
 Note: Annex should only be submitted to the FSA not the issuer 
 Annex: Notification of major interests in share 
 
 A: Identity of the persons or legal entity subject to the notification 
  obligation 
----------------------------------------------------------------------------- 
 Full name                                   Marwyn Investment Management LLP 
  (including legal form of legal entities) 
------------------------------------------  --------------------------------- 
 Contact address                                         11 Buckingham Street 
  (registered office for legal entities)                               London 
                                                                     WC2N 6DF 
------------------------------------------  --------------------------------- 
 Phone number & email                                             02070042743 
                                                                av@marwyn.com 
------------------------------------------  --------------------------------- 
 Other useful information 
  (at least legal representative for 
  legal persons) 
------------------------------------------  --------------------------------- 
 
 B: Identity of the notifier, if applicable 
----------------------------------------------------------------------------- 
 Full name                                             Antoinette Vanderpuije 
------------------------------------------  --------------------------------- 
 Contact address                                         11 Buckingham Street 
                                                                       London 
                                                                     WC2N 6DF 
------------------------------------------  --------------------------------- 
 Phone number & email                                             02070042743 
                                                                av@marwyn.com 
------------------------------------------  --------------------------------- 
 Other useful information                                  Compliance Officer 
  (e.g. functional relationship with 
  the person or legal entity subject 
  to the notification obligation) 
------------------------------------------  --------------------------------- 
 
 C: Additional information 
----------------------------------------------------------------------------- 
 
 For notes on how to complete form TR-1 please see the FSA website.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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