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KSK Power Ventur PLC (KSK)

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Friday 03 December, 2010

KSK Power Ventur PLC

Holding(s) in Company

RNS Number : 3609X
KSK Power Ventur PLC
03 December 2010
 



 

For filings with the FSA include the annex


For filings with issuer exclude the annex



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. Kishore and Mr. Sastry as well as GE capital and Crescent Investment plc 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

3 December  2010

6. Date on which issuer notified:

3 December  2010

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

96,778,750

96,778,750

96,778,750

96,778,750


63.76%


 

 


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

96,778,750

63.76%



 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi

 

In addition to existing share charge over 6544000 shares (representing 4.31% of total issued share capital), Sayi Energy Ventur Limited has created security over a further 13594992 shares in KSK power Ventur plc (representing a further 9% of total issued share capital) in favour of certain Lenders as collateral security for debt facility availed being made available to Crescent Investment plc*.

 

Sayi Energy Ventur Limited (the holding company through which Sayi Power Energy Limited, Executive Directors Mr. Kishore and Mr. Sastry as well as GE capital and Crescent Investment plc hold their interest in the Company) continues to hold 96,778,750 ordinary shares of KSK Power Ventur plc and therefore the directors Mr. Kishore and Mr. Sastry continue to be interested in the entire holding of Sayi Energy Ventur Limited.

 


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:


* Crescent Investment plc has recently acquired 11.65% in Sayi Power Energy Limited from GE Capital International (Mauritius) and the residual stake of GE Capital International (Mauritius) in Sayi Power Energy Limited now stands at 11.65%.

 

14. Contact name:

Mr. Richard Day / Mr. Adrian Trimmings

15. Contact telephone number:

+44 20 7614 5917

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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