Holding(s) in Company

RNS Number : 7783R

KSK Power Ventur PLC

27 August 2010

 



For filings with the FSA include the annex
For filings with the issuer exclude the annex
TR1: NOTIFICATION OF MAJOR INTEREST IN SHARES
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					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 to the notification obligation: iii		Sayi Energy Ventur Limited (the holding company through which  Executive Directors Mr. Kishore and Mr. Sastry 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		26 August 2010
6. Date on which issuer notified:		27 August 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

100,000,000

100,000,000

96,778,750

96,778,750

---

69.36%

---

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

69.36%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Sayi Energy Ventur Limited, (the holding company that represents the interest of Executive Directors Mr. Kishore and Mr. Sastry, as well as GE Capital), has divested 3.22 million ordinary shares in KSK Power Ventur plc, representing 2.31% of the total issued share capital of KSK Power Ventur plc. The Directors, Mr Kishore and Mr Sastry, continue to have beneficial interest in shares of KSK Power Ventur plc through their interest in Sayi Energy Ventur limited which is the beneficial owner of 96,778,750 Ordinary shares of KSK Power Ventur plc. (representing 69.36% of the total issued share capital of KSK Power Ventur plc)
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:
14. Contact name:	Mr. Krishna Murthy V.K.
15. Contact telephone number:	[phone]

 

END

 

 

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