Source - RNS
RNS Number : 7843K
Chenavari Toro Income Fund Limited
13 April 2018
 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS


1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

CHENAVARI TORO INCOME FUND LIMITED (ISIN: GGBWBSDM98)

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)

Non-UK issuer

X

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights


An acquisition or disposal of financial instruments


An event changing the breakdown of voting rights


Other (please specify)iii: New employee hire leading to increase in concert party aggregate above disclosable threshold

X

3. Details of person subject to the notification obligationiv

Name

CHENAVARI GROUP

City and country of registered office (if applicable)

LONDON, UK

4. Full name of shareholder(s) (if different from 3.)v

CHENAVARI EUROPEAN OPPORTUNISTIC CREDIT FUND LIMITED

LOIC FERY

FREDERIC COUDERC

BENOIT PELLEGRINI

CHENAVARI INVESTMENT MANAGERS HOLDINGS

BENJAMIN JACQUARD

MALEK MESLEMANI

MICK VASILACHE

ROBERTO SILVOTTI

GUY GOYARD

DEMIAN BRASIL

JEREMIE BENICHOU

JEAN FAU

ANNE FERY

ALLY CHOW

STEVE SABATIER

ANTON SPADAR

EDWARD SMALLEY

TI CHEN


City and country of registered office (if applicable)


5. Date on which the threshold was crossed or reachedvi:

09 APRIL 2018

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

12 APRIL 2018

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


% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

51.02%


51.02%

165,749,341

Position of previous notification (if

applicable)

34.10%


34.10%


 

 

 

 

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 of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Ordinary shares (ISIN: GGBWBSDM98)


165,749,341


51.02%











SUBTOTAL 8. A

165,749,341

51.02%

 

 

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

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights


















SUBTOTAL 8. B 1

0

0

 

 

 

 

 

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 financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights






















SUBTOTAL 8.B.2

0

0


 

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 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 entity
xiv (please add additional rows as necessary)

X

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

CHENAVARI CREDIT PARTNERS LLP




CHENAVARI EUROPEAN OPPORTUNISTIC CREDIT FUND LIMITED

29.766%







LOIC FERY

5.88%



FREDERIC COUDERC

4.62%



BENOIT PELLEGRINI

3.64%



CHENAVARI INVESTMENT MANAGERS HOLDINGS




BENJAMIN JACQUARD




MALEK MESLEMANI




MICK VASILACHE




ROBERTO SILVOTTI




GUY GOYARD




DEMIAN BRASIL




JEREMIE BENICHOU




JEAN FAU




ANNE FERY




ALLY CHOW




STEVE SABATIER




ANTON SPADAR




EDWARD SMALLEY




TI CHEN





10. In case of proxy voting, please identify:

Name of the proxy holder

N/A

The number and % of voting rights held


The date until which the voting rights will be held



11. Additional informationxvi

CHENAVARI GROUP'S AGGREGATE HOLDING COMPRISES OF EMPLOYEES, RELATIONS OF EMPLOYEES, GROUP ENTITIES AND CLIENT ASSETS UNDER DISCRETIONARY PORTFOLIO MANAGEMENT.

 

CHENAVARI CREDIT PARTNERS LLP, A FCA AUTHORISED AND REGULATED ENTITY WITHIN THE CHENAVARI GROUP, IS THE PORTFOLIO MANAGER TO THE ISSUER.

 

Place of completion

LONDON, UK

Date of completion

12 APRIL 2018

 

 

 


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