Holding(s) in Company
Tough Investments Limited has acquired a major holding in Corcel PLC, now holding 5.03% of the voting rights, which equates to 428,571,429 shares. This acquisition crossed the notification threshold on December 11, 2025, and was reported to the issuer on December 12, 2025. Tough Investments Limited is a Jersey-registered company wholly owned by Altum Trustees Limited, acting as trustee for the Tough Trust, a discretionary trust.
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Non-UK issuer
- 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 :
Details of person subject to the notification obligation iv
| Name | TOUGH INVESTMENTS LIMITED |
| City and country of registered office (if applicable) | ST HELIER, JERSEY |
Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
| 5. Date on which the threshold was crossed or reached vi : | 11 December 2025 |
| 6. Date on which issuer notified (DD/MM/YYYY): | 12 December 2025 |
- Total positions of person(s) subject to the notification obligation
| Resulting situation on the date on which threshold was crossed or reached | 5.03% | 0 | 5.03% | 428,571,429 |
| Position of previous notification (if applicable) | ||||
| A: Voting rights attached to shares | ||||
| Class/type of shares ISIN code (if possible) | Number of voting rights ix | % of voting rights | ||
| Direct (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | |
| ORDINARY SHARES OF £0.001 (ISIN GB00BKM69866) | 428,571,429 | 0 | 5.03% | 0 |
| SUBTOTAL 8. A | 428,571,429 | |||
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
SUBTOTAL 8.B.2
Altum Trustees Limited as trustee of the Tough Trust
| Tough Investments Limited | 5.03% | n/a | 5.03% |
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
Additional information xvi
TOUGH INVESTMENTS LIMITED IS A JERSEY REGISTERED COMPANY LIMITED BY SHARES. THE COMPANY IS OWNED 100% BY ALTUM TRUSTEES LIMITED ACTING IN ITS CAPACITY AS TRUSTEE OF THE TOUGH TRUST. THE TOUGH TRUST IS A DISCREITONARY TRUST AND ACCORDINGLY THERE ARE NO BENEFICIARIES WITH A FIXED OR VESTED INTEREST.
| Place of completion | ST. HELIER, JERSEY |
| Date of completion | 12 December 2025 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.