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SACOVEN PLC - TR1 - Notification of major interest in shares

Release Date: 22/03/2016 09:00
Code(s): SCV     PDF:  
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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'). 
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