Notification of Major Shareholding | RNS | Ticker

Notification of Major Shareholding

RNS Announcement

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 obligation^iv
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 reached^vi:			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 issuer^vii
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 reached^viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights^ix					% 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 settlement^xii			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) issuer^xiii
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
Name^xv	% 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 information^xvi
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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END

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RNS metadata

Title: Notification of Major Shareholding
Time: 08:00:03
Date: 13 Apr 2018
Category: Holding(s) in company
ID: 7843K