Holding(s) in Company

RNS Number : 1078U

Intl. Biotechnology Trust PLC

13 October 2014

 



TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):

INTERNATIONAL BIOTECHNOLOGY TRUST PLC

2. Reason for the notification (please place an X inside the appropriate bracket/s):

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: ()

Other (please specify): ()

3. Full name of person(s) subject to the notification obligation (iii):

Weiss Asset Management LP

4. Full name of shareholder(s) (if different from 3.) (iv):

Brookdale International Partners, L.P., Brookdale Global Opportunity Fund.

Weiss Asset Management LP is the Investment Manager to Brookdale Global Opportunity Fund and Brookdale International Partners, L.P.

5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v):

9 October 2014

6. Date on which issuer notified:

10 October 2014

7. Threshold(s) that is/are crossed or reached (vi, vii):

>5%

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 (vi)
	Number of shares	Number of voting Rights (viii)
Ordinary Shares GB0004559349	Below 5%	Below 5%

Resulting situation after the triggering transaction (vii)

Class/type of shares if possible using the ISIN CODE	Number of shares	Number of voting rights		% of voting rights (x)
		Direct (xi)	Indirect (xii)	Direct	Indirect
Ordinary Shares GB0004559349	1,550,000	1,550,000	N/A	2.86%	N/A

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument	Expiration Date (xiii)	Exercise/Conversion Period/ Date (xiv)	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
N/A	N/A	N/A	N/A	N/A

C: Financial Instruments with similar economic effect to Qualify Financial Instruments (xv, xvi)

Resulting situation after the triggering transaction

Type of financial instrument	Exercise price	Exercise date xvii	Exercise/Conversion Period xviii	Number of voting rights instrument refers to	% of voting rights xix, xx
					Nominal	Delta
CFD	N/A	N/A	N/A	1,800,000	3.32%	1

Total (A+B+C)

Number of voting rights	% of voting rights
3,350,000	6.19%

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

Brookdale International Partners, L.P.: 2,345,000 voting rights/financial instruments (4.33%)

Brookdale Global Opportunity Fund: 1,005,000 voting rights/financial instruments (1.86%)

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:

Georgiy Nikitin

15. Contact telephone number:

[phone]

Date: 13 OCTOBER 2014

 

END

 

 

HOLUOOKRSUARARA