Holding(s) in Company

RNS Number : 6960H

Iofina PLC

07 November 2008

 



TR-1:   notification of major interests in shares 

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:	Iofina Plc
2. Reason for the notification (please tick the appropriate box or boxes): n/a see additional information
An acquisition or disposal of voting rights		Yes
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
3. Full name of person(s) subject to the notification obligation:	Arron Banks.  Paul Chase Gardener
4. Full name of shareholder(s) (if different from 3.):	Southern Rock Insurance Co. Ltd   Rene Nominees Ltd    Arron Banks      Rock Nominee Ltd  Barclays Stock Brokers Ltd
5. Date of the transaction and date on which the threshold is crossed or reached:	4th November 2008
6. Date on which issuer notified:	6th November 2008
7. Threshold(s) that is/are crossed or reached:	Under 4% - correction of previous disclosure

8. Notified details:

A: Voting rights attached to shares
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 viii	Number of shares	Number of voting rights ix		% of voting rights
			Direct	Direct  x	Indirect xi	Direct	Indirect
GB00B2QL5C79 Ord 1p	4,031,900 4.3%		0	0	2,578,900	0%	2.75%

B: Financial Instruments
Resulting situation after the triggering transaction xii
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
Spread Bet (Arron Banks)	16/12/08		1,083,000	1.15%

Total (A+B)
Number of voting rights	% of voting rights
3,661,900	3.90%

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

Rene Nominees Ltd (Southern Rock Insurance Co. Ltd)            1,730,000 Shares 1.84 % Arron Banks            1,083,000 Shares  1.15%    Rock Nominees ( Paul Chase Gardner)                                                                              283,900 Shares  0.30% Rene Nominees Ltd (Arron Banks) 515,000 Shares 0.55%    Barclays Stockbrokers Ltd (Paul Chase-Gardener)   50,000 0.05% Both Arron Banks and Paul Chase-Gardner are connected to Southern Rock Insurance Company Ltd, being  major shareholders in Southern Rock Insurance Company Ltd. Therefore, together Southern Rock Insurance Company Paul Chase Gardner and Arron Banks are interested in 3,661,900 shares in Iofina Ltd, representing approximately 3.90% of the Company's issued share capital. Based on issued share capital of : 93,816,114 shares

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:	Includes correction of previous disclosure dated 8th Oct 08 which overstated holdings due to clerical error
14. Contact name:	Christine Shipway  [phone]

 

END

 

 

HOLUBVKRWKRARRA