TR1 - Notification of major interest in shares
Sacoven Plc
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Company number 110296)
AIM Share code: SCN
JSE Share code: SCV
ISN: JE00B7YH8W36
(the “Company”)
Sacoven Plc has a primary listing on the AIM and a secondary listing on the Alternative
Exchange of the JSE.
For filings with the FCA 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 SACOVEN PLC
attached: ii
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
Duet Asset Management Limited
notification obligation: iii
4. Full name of shareholder(s)
Duet Africa Opportunities Master Fund IC
(if different from 3.):iv
5. Date of the transaction and date on
which the threshold is crossed or 16/03/2016
reached: v
6. Date on which issuer notified: 18/03/2016
7. Threshold(s) that is/are crossed or
8%
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction
if possible using Number Number Number Number of voting % of voting rights x
the ISIN CODE of of of shares rights
Shares Voting Indirect
Direct Direct xi xii Direct Indirect
Rights
JE00B7YH8W36
0 0 498,500 498,500 n/a 8.33 n/a
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date xiii Conversion Period xiv rights that may be rights
acquired if the
instrument is
exercised/ converted.
-
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
xv, xvi
Resulting situation after the triggering transaction
Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights xix,
instrument price date xvii Conversion rights instrument xx
period xviii refers to
Nominal Delta
-
Total (A+B+C)
Number of voting rights Percentage of voting rights
498,500 8.33%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
n/a
Proxy Voting:
10. Name of the proxy holder: n/a
11. Number of voting rights proxy holder will cease
n/a
to hold:
12. Date on which proxy holder will cease to hold
n/a
voting rights:
-
13. Additional information:
14. Contact name: Ballal Jiwan
15. Contact telephone number: +44 (0)207 268 2533
Sponsor: KPMG Services Proprietary Limited
22 March 2016
Date: 22/03/2016 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.