AVACTA GROUP PLC - Major Shareholding Notification 2013

National Storage Mechanism | Additional information

RNS Number : 2047L

Avacta Group PLC

07 August 2013


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 attached: ii		Avacta Group
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			Yes
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	Ruffer LLP (for its discretionary clients)
4. Full name of shareholder(s) (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v	6 August 2013
6. Date on which issuer notified:	7 August 2013
7. Threshold(s) that is/are crossed or reached: vi, vii	Less than 5% to 6%


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
GB0033519546	0			0			272,727,273		272,727,273		-	6%			-


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
272,727,273								6%


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 to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:	Ruffer LLP now controls the voting rights over 272,727,273 shares (6% of the voting rights) of Avacta Group which are held by Ruffer LLP's discretionary clients. This change from less than 5% to 6% is due to Ruffer purchasing 272,727,273 shares in a recent placing of 854,545,457 shares. The new shares were admitted to the market on 6 August 2013.
14. Contact name:	Louise Stanway
15. Contact telephone number:	020 7963 8146

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