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RNS Number : 5180G

Phaunos Timber Fund Limited

07 November 2018

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible)(i) 
 
 1a. Identity of the issuer or the                                 Phaunos Timber Fund Limited (PTF.LN) 
  underlying issuer of existing shares 
  to which voting rights are attached(ii) 
  : 
                                                             ----------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 UK issuer                                                                                                X 
                                                                                                        ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights 
                                                                                                        ---- 
 An acquisition or disposal of financial instruments 
                                                                                                        ---- 
 An event changing the breakdown of voting rights 
                                                                                                        ---- 
 Other (please specify)(iii) : Takeover completion                                                        x 
                                                                                                        ---- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                                         LIM Asia Multi-Strategy Fund Inc. 
                                                               and LIM Asia Special Situations Master 
                                                               Fund Limited 
 City and country of registered office                        British Virgin Islands 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
 Name 
                                                             ----------------------------------------------- 
 City and country of registered office 
  (if applicable) 
                                                             ----------------------------------------------- 
 5. Date on which the threshold was                           26/10/2018 
  crossed or reached(vi) : 
                                                             ----------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):               02/11/2018 
                                                             ----------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting       % of voting rights      Total of both    Total number 
                            rights attached      through financial       in % (8.A +      of voting rights 
                            to shares (total        instruments              8.B)         of issuer(vii) 
                                of 8. A)           (total of 8.B 
                                                     1 + 8.B 2) 
                          ------------------  ----------------------  ----------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               0%                  -                       0%                498,360,117 
                          ------------------  ----------------------  ----------------  -------------------- 
 Position of 
  previous notification 
  (if 
  applicable)              10%                 -                       10%               N/A 
                          ------------------  ----------------------  ----------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which the 
  threshold was crossed or reached(viii) 
 A: Voting rights attached to shares 
 Class/type of        Number of voting rights(ix)                              % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                              Direct                      Indirect                      Direct                  Indirect 
                        (Art 9 of Directive         (Art 10 of Directive          (Art 9 of Directive     (Art 10 of Directive 
                            2004/109/EC)                2004/109/EC)             2004/109/EC) (DTR5.1)        2004/109/EC) 
                              (DTR5.1)                   (DTR5.2.1)                                            (DTR5.2.1) 
                                               ----------------------------- 
 Ordinary Shares 
  (GB00BW4NPD65)      -                                                        0% 
                     ------------------------  -----------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                                  0                                                    0% 
                     -------------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of financial    Expiration   Exercise/                            Number of voting                  % of voting 
  instrument           date(x)      Conversion Period(xi)                rights that may                   rights 
                                                                         be acquired if 
                                                                         the instrument 
                                                                         is 
                                                                         exercised/converted. 
                     -----------  -----------------------------------  --------------------------------  --------------------- 
 N/A 
                     -----------  -----------------------------------  --------------------------------  --------------------- 
 
 
                                   SUBTOTAL 8. B 1 
                                  -----------------------------------  --------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of        Expiration         Exercise/               Physical or              Number of             % of voting 
  financial      date(x)            Conversion              cash                     voting rights         rights 
  instrument                        Period (xi)             settlement(xii) 
               -----------------  ----------------------  -----------------------  -------------------- 
 N/A 
                     -----------  ----------------------  -----------------------  -------------------- 
 
 
                                                           SUBTOTAL 8.B.2 
                                                          -----------------------  -------------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled                        x 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer(xiii) 
 Full chain of controlled undertakings through which the voting rights 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity(xiv) (please add additional 
  rows as necessary) 
     Name(xv)        % of voting rights      % of voting rights       Total of both if 
                       if it equals or        through financial        it equals or is 
                      is higher than the      instruments if it        higher than the 
                     notifiable threshold    equals or is higher     notifiable threshold 
                                             than the notifiable 
                                                  threshold 
                   ----------------------  ---------------------  ------------------------ 
 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder                   LIM Advisors Limited 
                                           ----------------------------------------------- 
 The number and % of voting rights          N/A 
  held 
                                           ----------------------------------------------- 
 The date until which the voting rights     N/A 
  will be held 
                                           ----------------------------------------------- 
 
 11. Additional information(xvi) 
 LIM Advisors Limited acts as investment manager for LIM Asia Multi-Strategy 
  Fund Inc. and LIM Asia Special Situations Master Fund Limited (the "Funds"). 
  The Funds collectively (currently) hold more than twelve per cent of 
  the shares of the listed company through open market purchase. 
 
  LIM Advisors Limited has indirect interest by virtue of its rights over 
  the shares as investment manager of the Funds. 
 
 
 
 Place of completion   Guernsey 
 Date of completion    06 Nov 2018 
                      ------------ 
 

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END

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November 07, 2018 04:37 ET (09:37 GMT)

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