Corcel PLC received a notification of major holdings from RS & CA Jennings and related party Catalyse Capital Ltd. The notification, dated 24th January 2024, indicated that the reason for the notification was an acquisition or disposal of voting rights, financial instruments, and an event changing the breakdown of voting rights. The total positions of the notifying parties showed a resulting situation of 3.94% of voting rights attached to shares and 7.99% through financial instruments, totaling 11.93% with a total number of voting rights of 1,675,876,345.
The details of the resulting situation on the date the threshold was crossed or reached showed that RS & CA Jennings and related party Catalyse Capital Ltd held 66,150,000 voting rights, representing 3.94% of voting rights attached to shares. Additionally, they held financial instruments that could potentially acquire 100,000,000 voting rights, representing 5.96%, and financial instruments with similar economic effect that accounted for 34,000,000 voting rights, representing 2.03%.
The notification also stated that the person subject to the notification obligation is not controlled 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. The notification mentioned that the change in holding percentage was due to part warrant exercises and loan conversion of Excalibur.
This notification provides an insight into the major holdings of RS & CA Jennings and related party Catalyse Capital Ltd in Corcel PLC, shedding light on their voting rights and financial instruments.