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Significant Shareholders

As at 26 May 2017, Tungsten is aware of the following holdings of significant shareholders in the Company (as defined in the AIM Rules). These figures are based on its most recent analysis of shareholders as at 14 March 2017, and other notifications to the company. For clarity, shareholdings are shown separately from holdings in financial instruments, where disclosed.  

  Shareholdings
(as at 30 Dec 2016, except where indicated)
Financial instruments notified since 1 Jan 2016 Total
    Shares % Number 1 % Holdings1 %
1 Odey Asset Management 21,295,108 16.89 3,428,518 2 2.72 24,723,626 19.61
2 Mr Edmund Truell 11,526,388 9.14 10,188,697 3 8.08 21,715,085 17.22
3 Indus Capital Partners 11,018,467 8.74 1,366,446 4 1.08 12,384,913 9.82
4 Artemis Investment Mgt 9,355,000 7.42                 - 9,355,000 7.42
5 Hadron Capital 7,177,185 5.69   - 7,177,185 5.69
6 Hargreaves Lansdown Asset Management 4,512,499 3.58   - 4,512,499 3.58
7 TBF Global Asset Management 4,468,142 3.54   - 4,468,142 3.54
Total voting rights, or share equivalent

Holding notified on 10 Jan 2017

Edmund Truell’s holdings disclosed above represent both his direct and indirect holdings including investments via Disruptive Capital Investments Limited. Disruptive Capital Investments Limited holds 11,451,988 voting rights through ordinary shares - 9.1%. Flexible Securities Limited holds 4,188,697 voting rights through CFD's - 3.3%. Disruptive Capital Investments Limited has loaned Equities First Holdings, LLC 6,000,000 ordinary shares - 4.8%, all as disclosed on 19 Oct 2016.

Swap notified on 7 April 2016