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Gate Ventures PLC (GATE)

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Wednesday 25 March, 2015

Gate Ventures PLC

Holding(s) in Company

RNS Number : 4012I
Gate Ventures PLC
25 March 2015
 



Gate Ventures Plc

("Gate Ventures" or the "Company")

 

Holding(s) in Company

 

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

Gate Ventures Plc

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


Other (please specify):



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

Stephen Paul Gold

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

Black Elephant Ventures Limited

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

24/03/2015

6. Date on which issuer notified:

24/03/2015

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

Below 8%, Below 7%, Below 6%, Below 5%, Below 4%, Below 3%

 

 

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


2,835,000

8.65%



0


0%



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

0

0%

 

 

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

 

All issued share capital in Black Elephant Ventures Limited has been sold by Stephen Paul Gold and purchased by Jun Zhu.

 

BLACK ELEPHANT VENTURES LIMITED HAS NO ASSETS OTHER THAN THE 2,835,000 ORDINARY SHARES OF GATE VENTURES PLC. AND THE COMPANY HAS NO LIABILITIES.

THE TOTAL CONSIDERATION RECEIVED WAS £4,110,750, EQUATING TO £1.45 PER ORDINARY SHARE OF GATE VENTURES PLC.

 


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:

Stephen Paul Gold

15. Contact telephone number:

07903 902785

 


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