Back to all announcements

DJ Forbes Ventures Plc Director/PDMR Shareholding

 
TIDMFOR 
 
2 March 2020 
 
                                FORBES VENTURES 
 
                          ("Forbes" or the "Company") 
 
               Director/PDMR Shareholding and Holding in Company 
 
Forbes Ventures announces that it has been notified by Quanta Capital Limited 
("Quanta") that Quanta has transferred its holding of 273,000,000 ordinary 
shares of 0.1p each in the  Company ("Ordinary Shares") to MEGH UK Limited 
("MEGHUK"), at a price of 0.0915p per Ordinary Share.  MEGHUK is jointly owned 
by Rob Cooper, the Chief Executive of Forbes, and Craig Cornick, both of whom 
were also directors of and shareholders in Quanta. 
 
The Ordinary Shares held by MEGHUK represent 59.84% of the Company's issued 
share capital. The Company has received a TR-1 which is reproduced without 
amendment below. Following this transaction, Quanta no longer has a notifiable 
interest in the Company. 
 
The Directors of Forbes accept responsibility for the contents of this 
announcement. 
 
                                     ENDS 
 
For further information, please contact: 
 
Forbes Ventures 
Peter Moss, Chairman                                          01625 568 767 
Rob Cooper, Chief Executive Officer                           020 3687 0498 
 
NEX Exchange Corporate Adviser 
Peterhouse Capital Limited                                    020 7469 0930 
Mark Anwyl and Allie Feuerlein 
 
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) 
 
1a. Identity of the issuer or the underlying                   Forbes Ventures 
issuer of existing shares to which voting 
rights are attached: 
 
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" 
if appropriate) 
 
Non-UK issuer 
 
2. Reason for the notification (please mark the appropriate box or boxes with 
an "X") 
 
An acquisition or disposal of voting rights                                               X 
 
An acquisition or disposal of financial instruments 
 
An event changing the breakdown of voting rights 
 
Other (please specify): 
 
3. Details of person subject to the notification obligation 
 
Name                                            MEGH UK Limited 
 
City and country of registered office (if       Manchester, United Kingdom 
applicable) 
 
4. Full name of shareholder(s) (if different from 3.) 
 
Name 
 
City and country of registered office (if 
applicable) 
 
5. Date on which the threshold was crossed or   28/02/2020 
reached: 
 
6. Date on which issuer notified (DD/MM/YYYY):  28/02/2020 
 
7. Total positions of person(s) subject to the notification obligation 
 
                      % of voting     % of voting rights  Total of both in  Total number of 
                    rights attached   through financial     % (8.A + 8.B)   voting rights of 
                   to shares (total      instruments                        issuer 
                       of 8. A)       (total of 8.B 1 + 
                                            8.B 2) 
 
Resulting                59.84                                  59.84          456,251,830 
situation on the 
date on which 
threshold was 
crossed or reached 
 
Position of 
previous 
notification (if 
applicable) 
 
 
 
 
8. Notified details of the resulting situation on the date on which the 
threshold was crossed or reached 
 
A: Voting rights attached to shares 
 
Class/type of      Number of voting rights                          % of voting rights 
shares 
ISIN code (if           Direct            Indirect              Direct             Indirect 
possible)              (Art 9 of         (Art 10 of      (Art 9 of Directive      (Art 10 of 
                    Directive 2004/  Directive 2004/109/     2004/109/EC)     Directive 2004/109/ 
                   109/EC) (DTR5.1)    EC) (DTR5.2.1)          (DTR5.1)         EC) (DTR5.2.1) 
 
Ord GBP 0.001         273,000,000                               59.84 
 
KYG361891016 
 
SUBTOTAL 8. A                   273,000,000                               59.84 
 
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 rights % of voting rights 
instrument         date       Conversion Period       that may be acquired if 
                                                      the instrument is 
                                                      exercised/converted. 
 
                              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 cash  Number of     % of voting rights 
financial     date            Conversion      settlement        voting rights 
instrument                    Period 
 
                                              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 by any natural             X 
person or legal entity and does not control any other undertaking(s) holding 
directly or indirectly an interest in the (underlying) issuer 
 
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(please add additional rows as 
necessary) 
 
         Name           % of voting rights if    % of voting rights      Total of both if it 
                       it equals or is higher     through financial      equals or is higher 
                         than the notifiable      instruments if it      than the notifiable 
                              threshold          equals or is higher          threshold 
                                                 than the notifiable 
                                                      threshold 
 
10. In case of proxy voting, please identify: 
 
Name of the proxy holder 
 
The number and % of voting rights held 
 
The date until which the voting rights will be 
held 
 
11. Additional information 
 
 
 
 
Place of completion  Manchester, United Kingdom 
 
Date of completion   28 February 2020 
 
Market Abuse Regulation (MAR) Disclosure 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulation 
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory 
Information Service, this inside information is now considered to be in the 
public domain. 
 
 
 
END 
 

(END) Dow Jones Newswires

March 02, 2020 02:01 ET (07:01 GMT)