TIDMTORO

RNS Number : 3533N

Toro Limited

15 May 2015

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying             TORO LIMITED (ISIN:GGBWBSDM98) 
  issuer 
  of existing shares to which voting rights 
  are 
  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             Chenavari Credit Partners LLP, Loic 
  to the                                        Fery 
  notification obligation: (iii) 
--------------------------------------------  ---------------------------------------------- 
 4. Full name of shareholder(s)                Chenavari European Opportunistic Credit 
  (if different from 3.):(iv)                   Master Fund LP, Loic Fery 
--------------------------------------------  ---------------------------------------------- 
 5. Date of the transaction and date           08 May 2015 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  ---------------------------------------------- 
 6. Date on which issuer notified:             13 May 2015 
--------------------------------------------  ---------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                           30% 
--------------------------------------------  ---------------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------ 
 Class/type           Situation previous               Resulting situation after the triggering transaction 
  of                   to the triggering 
  shares               transaction 
 
  if possible 
  using 
  the ISIN CODE 
-------------------  -------------------------------  ------------------------------------------------------------------ 
                      Number          Number           Number           Number of voting           % of voting rights 
                       of              of               of shares        rights                     (x) 
                       Shares          Voting 
                                       Rights 
-------------------  --------------  ---------------  ---------------  -------------------------  ---------------------- 
                                                       Direct           Direct       Indirect      Direct      Indirect 
                                                                         (xi)         (xii) 
-------------------    ----  ------      -----  ----  ---------------  -----------  ------------  ----------  ---------- 
 Ordinary shares 
 (ISIN: GGBWBSDM98)   0               0                                                                        34.10% 
                     --------------  ---------------  ---------------  -----------  ------------  ----------  ---------- 
                                                                                     114,840,871 
-------------------    ----  ------      -----  ----      -----------  ----  -----  ------------      ------  ---------- 
 
 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            rights that may          rights 
                                                  (xiv)                        be 
                                                                               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 
  instrument             price             date (xvii)     Conversion    rights instrument          (xix, xx) 
                                                           period        refers to 
                                                           (xviii) 
---------------------  ----------------  ---------------  -----------  -------------------------  ---------------------- 
                                                                                                   Nominal     Delta 
---------------------  ----------------  ---------------  -----------  -------------------------  ----------  ---------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                                Percentage of voting rights 
---------------------------------------------------------------------  ------------------------------------------------- 
 114,840,871                                                            34.10% 
---------------------------------------------------------------------  ------------------------------------------------- 
 
 
 
 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         N/A 
  cease 
  to hold: 
----------------------------------------------------  ---------------------------- 
 12. Date on which proxy holder will cease to          N/A 
  hold 
  voting rights: 
----------------------------------------------------  ---------------------------- 
 
 
  13. Additional information:               Compliance Officer, Chenavari Credit 
                                            Partners LLP 
----------------------------------------  ---------------------------------------- 
 14. Contact name:                         Kathryn Haswell 
----------------------------------------  ---------------------------------------- 
 15. Contact telephone number:             020 7259 3600 
----------------------------------------  ---------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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