Forbes Ventures Plc - Director/PDMR Shareholding and Holding in Company PR Newswire

25 July 2018

FORBES VENTURES

(“Forbes” or the “Company”)

Director/PDMR Shareholding and Holding in Company

Forbes Ventures announces that Belvedere Capital Limited (“Belvedere”) has transferred its holding of 173,000,000 ordinary shares of 0.1p each in the Company (“Ordinary Shares”) to Quanta Capital Limited (“Quanta”) at a price of 0.1046 p per Ordinary Share. Quanta is owned by the same individuals as Belvedere and, as with Belvedere, Rob Cooper, the Chief Executive of Forbes, is a director of and major shareholder in Quanta. The Ordinary Shares held by Quanta represent 48.6% of the Company’s issued share capital. In addition, the Company has received a TR-1 which is reproduced without amendment below. 

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
Mark Anwyl and Fungai Ndoro         020 7469 0930



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                   Forbes Ventures
underlying issuer of existing shares to
which voting rights are attachedii:

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)iii:

3. Details of person subject to the notification obligationiv

Name                                    Peterhouse Capital Limited

City and country of registered office   15 Eldon Street, London EC2M 7LD
(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      05/01/2018
crossed or reachedvi:

6. Date on which issuer notified        16/07/2018
(DD/MM/YYYY):

7. Total positions of person(s) subject to the notification obligation

                    % of voting rights % of voting rights Total of both in % Tot
                    attached to shares through financial     (8.A + 8.B)     al
                     (total of 8. A)      instruments                        num
                                       (total of 8.B 1 +                     ber
                                             8.B 2)                          of
                                                                             vot
                                                                             ing
                                                                             rig
                                                                             hts
                                                                             of
                                                                             iss
                                                                             uer
                                                                             vii

Resulting situation        Nil                                   Nil         356
on the date on                                                               ,25
which threshold was                                                          1,8
crossed or reached                                                           30

Position of                4.9%
previous
notification (if
applicable)



   


8. Notified details of the resulting situation on the date on which the
threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type  Number of voting rightsix          % of voting rights
of
shares             Direct           Indirect        Direct         Indirect
ISIN code    (Art 9 of Directive   (Art 10 of      (Art 9 of      (Art 10 of
(if         2004/109/EC) (DTR5.1)  Directive       Directive      Directive
possible)                         2004/109/EC)   2004/109/EC)    2004/109/EC)
                                   (DTR5.2.1)      (DTR5.1)       (DTR5.2.1)

Ord GBP              Nil                              Nil
0.001

KYG361891016

SUBTOTAL 8.                Nil                              Nil
A

B 1: Financial Instruments according to Art. 13(1)(a) of Directive
2004/109/EC (DTR5.3.1.1 (a))

Type of     Expiration Exercise/    Number of voting rights that % of voting
financial   datex      Conversion   may be acquired if the       rights
instrument             Periodxi     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  Number of voting % of voting
financial  datex       Conversion  cash         rights           rights
instrument             Period xi   settlementxii

                                   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        X
natural person or legal entity and does not control any other undertaking(s)
holding directly or indirectly an interest in the (underlying) issuerxiii

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 entityxiv (please add additional rows as
necessary)

Namexv % of voting rights if it equals or     % of voting rights through     Tot
         is higher than the notifiable    financial instruments if it equals al
                   threshold               or is higher than the notifiable  of
                                                      threshold              bot
                                                                             h
                                                                             if
                                                                             it
                                                                             equ
                                                                             als
                                                                             or
                                                                             is
                                                                             hig
                                                                             her
                                                                             tha
                                                                             n
                                                                             the
                                                                             not
                                                                             ifi
                                                                             abl
                                                                             e
                                                                             thr
                                                                             esh
                                                                             old

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 informationxvi



   


Place of completion 15 Eldon Street, London EC2M 7LD

Date of completion  16 July 2018



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.