Kingfisher KGF Despite double digit declines in virtually everything for the half year to the 31st July, Kingfisher tries to put a brave face on things and claim that for the third year in a row, it is on track to deliver strategic milestones. That can only be true if it had some very peculiar milestones in mind such as falls of 30.1% and 29.5% in statutory post and pre tax profits and basic earnings per share down by 27.1%.The half year report is littered with words such as tough, challenges, inefficiencies, mixed and difficult, each one a give away as to how bad things really are.
Constant currency sales fell by 1.1%, adjusted profit before tax was down by 18% and basic earnings per share by 15.4%. The performance in France needs support which does not sound very encouraging and all that is said for the outlook for the rest of the year, is that in its main markets things will continue to be mixed.
Babcock International Group BAB has issued a further update covering the period from the 1st April, confirming that it continues to make significant progress in expanding its international businesses. New offices are being opened in South Korea and Japan. Low single digit underlying organic revenue growth at constant currency is expected for the full year and margins are expected to be stable.
Stagecoach Group SGC provides an update for the financial year to the 27th April which is rather curates eggish. Revenue decreases in London Bus reflected the impact of contracts lost in the previous year but the regions provided like for like growth of 3.2%. Operating costs were higher in the hot weather which sounds like a sort of “wrong type of leaves on the line” sort of excuse. North America failed to impress with a like for like revenue decline of 3.8%.
Science in Sport SIS enjoyed strong growth in the half year to the 30th June with revenue rising by 20% to 9.93m. In the three months to August growth is described as having been very strong. Core business has been profitable at the half year for the first time with £0.3 million EBITDA. International markets also performed strongly with growth of 53% and international revenue now accounts for 34% of the total compared to 27% in the previous year.
The Directors of PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic and used tyres, noted a technology referenced on the recent BBC program, “Inside Out,” that converts waste plastic back into liquid hydrocarbons and fuels – effectively returning it into the fossil fuel it once was. While plastic waste is, indeed, a challenge that must be overcome, we believe there is a better solution.
The Powerhouse Energy DMG® System, having been operating and demonstrated at the University of Chester, Thornton Science Park, Energy Centre for the past year, will responsibly, and economically recover the energy from plastics in an environmentally sound manner rather than simply turning waste plastic into another form of greenhouse gas emissions. DMG® allows the conversion of plastics into substantial amounts of road-fuel quality hydrogen to enable the operation of hydrogen-powered trucks, buses and cars with the cleanest of fuels: zero-emission hydrogen.
DMG® affords the conversion of waste plastic to EcoSynthesis gas to displace liquid hydrocarbons responsible for substantive pollution. Excess energy produced through the thermal conversion of non-recyclable plastic can be used to generate low-carbon electricity to power Electric Vehicles.
The Directors of PHE believe our technology, which is being readied for commercial deployment, is a substantially more eco-friendly solution to plastic waste than returning it into a hydrocarbon fuel. We would welcome an open discussion with Friends of the Earth and the BBC regarding our proposals for solutions to the scourge of plastic mis-management. DMG® is one such solution.
Commenting on the show, PowerHouse CEO Keith Allaun noted: “plastic management through effective energy recovery is a key to our future, and key to the health of our planet. While “land-fill mining” may become a part of our future, we at PowerHouse have created a responsible, economically efficient, and environmentally robust solution to the problem that exists today – the mis-management of plastics. We look forward to working with industry to roll-out DMG® as part of the wider solution to this global challenge.”
For more information, contact:
PowerHouse Energy Group plc Tel: +44 (0) 203 368 6399
Keith Allaun, Chief Executive Officer
WH Ireland Limited (Nominated Adviser) Tel: +44 (0) 207 220 1666
James Joyce / Chris Viggor
Turner Pope Investments Ltd (Joint Broker) Tel: +44 (0) 203 621 4120
Ben Turner / James Pope
Ikon Associates (Media enquiries) Tel: +44 (0) 1483 271291
Adrian Shaw Mob: +44 (0) 7979 900733
About PowerHouse Energy
PowerHouse Energy has developed a proprietary process technology – DMG® – which can utilise waste plastic, end-of-life-tyres, and other waste streams to efficiently and economically convert them into EcoSynthesis© gas from which valuable products such as chemical precursors, hydrogen, electricity and other industrial products may be derived. The PowerHouse technology is the world’s first proven, modular, hydrogen from waste (HfW) process.
The PowerHouse DMG® process can generate in excess of 1 tonne of road-fuel quality H2, and in excess of 28MW/h of exportable electricity per day.
The PowerHouse process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.
PowerHouse is quoted on the London Stock Exchange’s AIM Market under the ticker: PHE, and is incorporated in the United Kingdom.
For more information see: www.powerhouseenergy.net
Ocado Group plc OCDO produced revenue growth of 11.5% in the quarter to the 2nd September plus double digit growth of 11.4% in the average number of weekly orders.The average size of the orders remained constant at 106. The unique proprietary technology at the new warehouse at Erith enabled Ocado to process over 20,000 customer orders with 14 weeks of opening, compared to the 15 months it took the Andover warehouse to achieve the same throughput.
BBA Aviation BBA announces that it has acquired Firstmark Corp for a consideration of $97m. Firstmark is a leading provider of highly engineered, proprietary components and subsystems for the aerospace and defence industries.The acquisition enhances BBA’s exposure to the commercial and military aerospace markets.
Spire Healthcare Group SPI managed to maintain its interim dividend at 1.3p per share despite a decline in performance for the six months to the 30th June. NHS admissions fell significantly, coupled with lower than anticipated growth in Private admissions and the cost of investment in Clinical quality and Consumer engagement.Whilst revenue only fell by 1.1%, EBITDA was down by 20.6%, adjusted profit after tax by 52.7% and basic earnings per share by 52.9%. The company admits that the results are disappointing but claims that everybody else is facing similar headwinds and significant business challenges. Nonetheless it has a new strategy, which it claims “is absolutely the right one”, albeit the outlook for the full year has still had to be revised.
Plant Healthcare PHC expects strong revenue growth in the second half which would lead to growth of 30% for the full year. Revenue for the six months to the 30th June was down slightly from $3.1m to $3m.The company also expects to become cash positive in 2020.
Pure Circle Limited PURE showed a return to growth in both revenue and net profit after tax for the year to the 30th June. Sales rose by 10%, with a particularly strong recovery in North America, volume was up by 17% and net profit after tax by 20%.
Smart Metering Systems SMS is increasing its interim dividend by 15% for the half year to the 30th June, after a 27% rise in sales. EBITDA increased by 29% and profit before tax by 9%
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) announced on the 27 June 2018 that it had entered into a conditional Heads of Terms with Premier African Minerals Limited (“Premier”) to earn up to 30% directly into the Zulu Lithium and Tantalum Project in Zimbabwe.
Cadence completed its due diligence, however, and as a result, it was unable to reach final terms with Premier.
Cadence is continuing to review several upstream mineral assets, where we see the potential to deliver shareholder value by investing in projects that have a short development timeline to cashflow. Our intent is to earn in at a project level basis, and we are focused on assets where we can both hold larger stakes and also utilise our considerable mining and financial management expertise to achieve a high level of returns.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information:
Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.
About Cadence Minerals:
Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market.
Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.
The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.
Certain statements in this announcement are or may be deemed to be forward-looking statements. Forward-looking statements are identiﬁed by their use of terms and phrases such as ”believe” ”could” “should” ”envisage” ”estimate” ”intend” ”may” ”plan” ”will” or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward-looking statements reﬂect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors. Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward-looking statements.
Dairy Crest Group DCG expects profit for the half year to the 30th September to be slightly ahead of last year, with revenue driven by strong performances from its two largest brands, Cathedral City and Clover. Cathedral City continues to go from strength to strength reports the company and several new products will be released by the brand, over the coming months.
Finsbury Food FIF claims that its performance over the year to the 30th June has illustrated its resilience and ability to deliver against its strategic priorities.The dividend is to be increased by 10% after like for like revenue rose by 2.4% and on a statutory basis profit before tax, fell by 65.7% and basic earnings per share by 76.1%, whilst an adjusted basis they rose by 4% and 2.7%. respectively.
Christie Group CTG is raising its interim dividend by 25% for the six months to the 30th June after operating profit nearly doubled from £1.1m to £2. and basic earnings per share rose from 1.53p per share to 5.18p. Revenue for the half year rose by 10%.
Warpaint London W7L is increasing its interim dividend by 7% after sales for the half year to the 30th June shot up by 38.7%, or 7.3% on a like for like basis and gross profit rose by 30%. The order book as at the 30th June was significantly ahead compared to the same time last year
ECR Minerals plc (LON:ECR) the precious metals exploration and development company is pleased to confirm the company has recommenced its gold exploration programme at the Bailieston Licence in Central Victoria, Australia.
- The Company has identified eight principle targets within the Company’s five exploration licence areas and has developed an exploration programme designed to test surface gold mineralisation across the licence areas;
- Following the success achieved at Blue Moon and the discovery of a gold mineralised system the Company has launched a broad exploration programme across multiple targets;
- The initial programme has focused on ground exploration at the Byron and Cherry Tree Main targets, further details of which can be found in our market announcement of 20 February 2018;
- The first 150 rock chip samples have been collected from surface at Byron and Cherry Tree Main;
- Previous sampling of quartz veins plus the surrounding sedimentary rocks host rocks tested the hypothesis that low-grade mineralisation may be found in the wall rock. Results showed that the samples containing quartz veins were consistently higher, reaching 23 g/t Au;
- As a result a systematic campaign to sample all quartz veins, especially those not sampled previously, is underway to obtain a consistent dataset. This will establish which of the differing lines at Byron and Cherry Tree are the best mineralised and more importantly to establish where the better shoots reach the surface to assist with future drill planning;
- Further work is scheduled to commence at Creswick target shortly, and a follow up work programme at Blue Moon;
- Announcements will be made to market on a regular basis as each programme is commenced and the results achieved.
Craig Brown, Chief Executive Officer of ECR Minerals plc, commented: “With the support provided by investors in our recent financing, and following extensive review of the Victoria region gold prospective targets, ECR has recommenced its exploration programme in Australia.
We are pleased to have this gold exploration programme underway and look forward to the regular flow of results which we will report to market as material developments occur.
Given the level of interest in Australian gold exploration we are excited by the results we are achieving on the ground, where our principle objective is to achieve a significant gold discovery.”
COMPETENT PERSON STATEMENT
The information in this announcement that relates to Exploration Results is based on information compiled by Dr Rodney Boucher of Linex Pty Ltd. Linex Pty Ltd provides geological services to Mercator Gold Australia Pty Ltd, including the services of Dr Boucher, who has a PhD in geology, is a Member and RPGeo of the Australian Institute of Geoscientists and is a Member of the Australian Institute of Mining and Metallurgy. Dr Boucher has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Boucher consents to the inclusion in the announcement of the material based on his information in the form and context in which it appears.
ABOUT ECR MINERALS PLC
ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration licences in central Victoria, Australia.
ECR has earned a 25% interest in the Danglay epithermal gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015 and is available for download from ECR’s website.
ECR’s wholly owned Argentine subsidiary Ochre Mining has 100% ownership of the SLM gold project in La Rioja, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near-term production.
MARKET ABUSE REGULATIONS (EU) No. 596/2014
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.
FOR FURTHER INFORMATION, PLEASE CONTACT:
|ECR Minerals plc||Tel: +44 (0)20 7929 1010|
|David Tang, Non-Executive Chairman|
|Craig Brown, Director & CEO|
|WH Ireland Ltd||Tel: +44 (0)161 832 2174|
|Katy Mitchell/James Sinclair-Ford|
|Optiva Securities Ltd||Tel: +44 (0)203 137 1902|
|SI Capital Ltd||Tel: +44 (0)1483 413500|
FORWARD LOOKING STATEMENTS
This announcement may include forward looking statements. Such statements may be subject to numerous known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from current expectations. There can be no assurance that such statements will prove to be accurate and therefore actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. Any forward-looking statements contained herein speak only as of the date hereof (unless stated otherwise) and, except as may be required by applicable laws or regulations (including the AIM Rules for Companies), the Company disclaims any obligation to update or modify such forward-looking statements because of new information, future events or for any other reason.
- Salt Lake Potash Limited (ASX/AIM: SO4) and Australian Potash Limited (ASX: APC) have entered into a Memorandum of Understanding and Co-operation Agreement to study the potentially very substantial benefits of sharing infrastructure and other costs at Lake Wells
- The Companies will conduct a joint study into the merits of developing aspects of their respective Lake Wells projects together (the ‘Study’)
- The Study will initially focus on a shared costs model around infrastructure developments
- The Study will also address at a high-level the potential for cost sharing on common evaporation and salt processing developments
- Both Companies’ projects at Lake Wells will proceed independently in parallel with the Study with no impact on either Company’s timelines
Salt Lake Potash Limited (ASX/AIM: SO4) and Australian Potash Limited (ASX: APC) are pleased to advise that the Companies have entered into a Memorandum of Understanding and Co-operation Agreement to undertake a joint study of the potential benefits of development cost sharing for each Company’s project developments at Lake Wells.
The Companies’ substantial project holdings at Lake Wells are contiguous with many common infrastructure elements, including access roads, proximity to the Leonora rail terminals, and potential power and fresh water solutions. Both Companies anticipate substantial potential Capex and Opex benefits from some level of infrastructure sharing, with further potential benefits arising from shared or common evaporation and salt processing facilities.
A paleochannel extending in excess of 140 kilometres traverses the Companies combined tenement holding over Lake Wells. Recently both APC and SO4 have been granted initial Mining Leases over their respective projects at Lake Wells.
APC’s scoping study released in March 2017 indicated a staged development producing 150,000 tpa rising to 300,000 tpai of premium grade Sulphate of Potash (SOP) from its stand-alone development. APC has a 2012 JORC Mineral Resource Estimate (calculated from drainable porosity) of 14.7 Mti of SOP (derived from a total of 72 Mt contained in total porosity).
SO4’s scoping study released in August 2016 indicated a staged development producing 200,000 tpa rising to 400,000 tpa on a fully ramped basis. SO4 has reported a total JORC Mineral Resource at Lake Wells of 80-85 Mt of SOP (Stored Resource).
Logistics and Infrastructure
Each Company’s project is based on heavy haulage road transport from Lake Wells to the rail head at either Malcolm (280kms) or Leonora (300kms), utilising the same haulage route. There is compelling logic in pursuing the economies of scale inherent in a (larger) shared solution as well as sharing the capital costs for road upgrades, haulage equipment and other transport and handling facilities. There is similar synergy potential in shared power, air transport, accommodation and process water costs.
Both projects have very similar brine chemistry given they are essentially hosted on the same paleochannel. Naturally they will also experience the same climatic conditions, meaning the process flowsheets for each project should be very similar. This offers the opportunity for potential additional savings by a co-operative arrangement extending to evaporation and salt processing facilities.
The Companies have agreed to constitute a joint study team to carry out an initial assessment of the merits of infrastructure cooperation. The team will also conduct a high-level review of potential benefits of upstream operational synergies. A substantial part of the Study work will be outsourced to independent engineers and both Companies intend to continue with their independent project developments in parallel with the Study.
Follow Salt Lake Potash on Twitter @LakePotash
For further information please visit www.saltlakepotash.com.au or contact:
Matt Syme/Clint McGhie
Salt Lake Potash Limited
Tel: +61 8 9322 6322
Salt Lake Potash Limited
Tel: +44 (0) 20 7478 3900
Colin Aaronson/Richard Tonthat/Ben Roberts
Grant Thornton UK LLP (Nominated Adviser)
Tel: +44 (0) 20 7383 5100
Derrick Lee/Beth McKiernan
Cenkos Securities plc (Joint Broker)
Tel: +44 (0) 131 220 6939
Jerry Keen/Toby Gibbs
Shore Capital (Joint broker)
Tel: +44 (0) 20 7468 7967
Competent Person Statements
The information in this Announcement that relates to APC’s Exploration Targets and Mineral Resources is based on information that was compiled by Mr Duncan Gareth Storey. Mr Storey is a Director and Consulting Hydrogeologist with AQ2, a firm that provides consulting services to the Company. Neither Mr Storey nor AQ2 own either directly or indirectly any securities in the issued capital of the Company. Mr Storey has 30 years of international experience. He is a Chartered Geologist with, and Fellow of, the Geological Society of London (a Recognised Professional Organisation under the JORC Code 2012). My Storey has experience in the assessment and development of paleochannel aquifers, including the development of hypersaline brines in Western Australia. His experience and expertise are such that he qualifies as a Competent Person as defined in the 2012 edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore reserves”. Mr Storey consents to the inclusion in this report of the matters based on this information in the form and context as it appears.
The information in this Announcement that relates to Salt Lake Potash Limited’s Mineral Resources is extracted from the reports entitled ‘Lake Wells Resource Increased by 193% to 85Mt of SOP’ dated 22 February 2016 and ‘Significant Maiden SOP Resource of 29Mt at Lake Wells’ dated 11 November 2015. These announcements are available to view on www.saltlakepotash.com.au. The information in the original ASX Announcements that related to Mineral Resources was based on, and fairly represents, information compiled by Mr Ben Jeuken, who is a member Australian Institute of Mining and Metallurgy and a member of the International Association of Hydrogeologists. Mr Jeuken is employed by Groundwater Science Pty Ltd, an independent consulting company. Mr Jeuken has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Salt Lake Potash Limited confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. Salt Lake Potash Limited confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.
The information in this Announcement that relates to Salt Lake Potash Limited’s Lake Wells Scoping Study is extracted from the report entitled ‘Scoping Study Confirms Potential Confirms Lake Wells Potential’ dated 29 August 2016. The Announcement is available to view on www.saltlakepotash.com.au. The information in the original announcement that relates to processing, infrastructure and cost estimation are based on and fairly represents information compiled or reviewed by Mr Zeyad El-Ansary, who is a Competent Person as a member of the Australasian Institute of Mining and Metallurgy. Mr Zeyad El-Ansary has 9 years’ experience relevant to the activities undertaken for preparation of these report sections and is a employed by Amec Foster Wheeler. Mr Zeyad El-Ansary consents to the inclusion in the report/press release of the matters based on their information in the form and context in which it appears. Salt Lake Potash Limited confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. Salt Lake Potash Limited confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.
Australian Potash Limited’s Lake Wells SOP Project’s Production Target, as stated in this Announcement is based on the it’s Scoping Study as released in the ASX announcement of 23 March 2017 ‘Scoping Study Confirms Exceptional Economics of APC’s 100% Owned Lake Wells Potash Project In WA’. That announcement contains the relevant statements, data and consents referred to in this announcement. Apart from that which is disclosed in this document, Australian Potash Limited, its directors, officers and agents: 1. Are not aware of any new information that materially affects the information contained in the 23 March 2017 announcement, and 2. State that the material assumptions and technical parameters underpinning the estimates in the 23 March 2017 announcement continue to apply and have not materially changed.
Salt Lake Potash Limited’s Lake Wells Production Target stated in this Announcement is based on it’s Scoping Study as released to the ASX on 29 August 2016. The information in relation to the Production Target that Salt Lake Potash Limited is required to include in a public report in accordance with ASX Listing Rule 5.16 and 5.17 was included in its ASX Announcement released on 29 August 2016. Salt Lake Potash Limited confirms that the material assumptions underpinning the Production Target referenced in the 29 August 2016 release continue to apply and have not materially changed.
i Refer to ASX announcement 23 March 2017 ‘Scoping Study Confirms Exceptional Economics of APC’s 100% Owned Lake Wells Potash Project In WA’. That announcement contains the relevant statements, data and consents referred to in this announcement. Apart from that which is disclosed in this document, Australian Potash Limited, its directors, officers and agents: 1. Are not aware of any new information that materially affects the information contained in the 23 March 2017 announcement, and 2. State that the material assumptions and technical parameters underpinning the estimates in the 23 March 2017 announcement continue to apply and have not materially changed.
The Companies will conduct a joint study into the merits of developing aspects of their respective Lake Wells projects together (the ‘Study’) The Study will initially focus on a shared costs model around infrastructure developments
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 underlying issuer of existing shares to which voting rights are attachedii:||Andalas Energy and Power PLC|
|1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)|
|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||Lombard Odier Asset Management (Europe) Limited|
|City and country of registered office (if applicable)||London, United-Kingdom|
|4. Full name of shareholder(s) (if different from 3.)v|
|Name||Disclosure on behalf of accounts managed on a discretionary basis by Lombard Odier Investment Managers group.|
|City and country of registered office (if applicable)|
|5. Date on which the threshold was crossed or reachedvi:||10/09/2018|
|6. Date on which issuer notified (DD/MM/YYYY):||12/09/2018|
|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||5.17%||5.17%||296,184,423|
|Position of previous notification (if
|8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii|
|A: Voting rights attached to shares|
ISIN code (if possible)
|Number of voting rightsix||% of voting rights|
(Art 9 of Directive 2004/109/EC) (DTR5.1)
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
(Art 9 of Directive 2004/109/EC) (DTR5.1)
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
|SUBTOTAL 8. A||15,307,784||5.17%|
|B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR184.108.40.206 (a))|
|Type of financial instrument||Expiration
|Number of voting rights that may be acquired if the instrument is
|% of voting rights|
|SUBTOTAL 8. B 1|
|B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR220.127.116.11 (b))|
|Type of financial instrument||Expiration
Conversion Period xi
|Physical or cash
|Number of voting rights||% of voting rights|
|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||x|
|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 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|
|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||London, United-Kingdom|
|Date of completion||12/09/2018|