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9 October 2013
Pan European Terminals Plc
("PAN" or "the Company")
Notification of Major Shareholding
Pan European Terminals (AIM: PAN), was notified on 9 October 2013 by Topsfield Finance Limited ("Topsfield"), an entity which is controlled by Khofiz Shakhidi, that on 1 October 2013 Topsfield purchased of 14,570,702 ordinary shares of 1p each in the Company ("Shares") (representing approximately 13.70% of the Company's issued Shares), and on 1 October and 2 October 2013 purchased a further 350,000 Shares. As a result of these purchases Topsfield has an interest in 14,920,702 Shares, representing approximately 14.03% of the Company's issued Shares.
Simon Escott, Interim Executive Chairman and Chief Executive of PAN, commented, "We are extremely pleased to welcome Topsfield Finance as shareholders of PAN and look forward to a long and productive relationship with them."
Pan European Terminals plc Tel: +44 (0)20 3145 1908
Simon Escott, Chief Executive Mob: +44 (0)7920 095 800
Westhouse Securities Ltd (Nomad and Broker) Tel: +44 (0)20 7601 6000
Richard Johnson / Antonio Bossi
Leander (Financial PR) Tel: +44 (0)7795 168 157
Notes to Editors:
Pan European Terminals Plc operates hydrocarbon refined product Storage and Transhipment Terminals in Aabenraa (Denmark), Kaliningrad City (Russia) and Baltysk (Russia). It also leases and operates tanks in Rotterdam (Holland). The Group presently has approx. 400,000 Cubic Meters of tank capacity under ownership or management, with approximately 40% of its annual profit now being derived from its non-Russian assets. The Group has been building critical mass in this field for three years and offers its customers flexibility, competitive rates and excellent facilities for storage, transhipment and bunkering services.
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