4th Apr 2013 17:18
For immediate release
4 April 2013
Sarantel Group plc
("Sarantel" or the "Company")
Holding(s) in Company
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | ||||
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | SARANTEL GROUP PLC | |||
2 Reason for the notification (please tick the appropriate box or boxes): | ||||
An acquisition or disposal of voting rights | ||||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | ||||
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | ||||
An event changing the breakdown of voting rights | ü | |||
Other (please specify): | ||||
3. Full name of person(s) subject to thenotification obligation: iii | HARGREAVE HALE LIMITED | |||
4. Full name of shareholder(s) (if different from 3.):iv | DISCRETIONARY CLIENTS | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 03 APRIL 2013 | |||
6. Date on which issuer notified: | 04 APRIL 2013 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | 5% | |||
8. Notified details: | |||||||||||||||
A: Voting rights attached to shares viii, ix | |||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | |||||||||||
Direct | Indirect | Direct xi | Indirect xii | Direct | Indirect | ||||||||||
GB00B065J785 | 48,235,000 | 48,235,000 | 48,235,000 | 48,235,000 | 4.3561% | ||||||||||
B: Qualifying Financial Instruments | |||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | |||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | |||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
| ||||||||||
| Nominal | Delta | |||||||||||||
Total (A+B+C) | |||||||||||||||
Number of voting rights | Percentage of voting rights | ||||||||||||||
48,235,000 | 4.3561% | ||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
39,400,000 of these shares are held for a unit trust operated by Marlborough Fund Managers Ltd, for whom Hargreave Hale Ltd manages the investments on a discretionary basis. The remaining balance is held on behalf of other discretionary clients. | ||
Proxy Voting: | ||
10. Name of the proxy holder: | ||
11. Number of voting rights proxy holder will ceaseto hold: | ||
12. Date on which proxy holder will cease to holdvoting rights: | ||
13. Additional information: | The percentage of shares held reduced from 5.8081% to 4.3561% due to the admission to AIM of 276,825,440 placing shares on 03/04/2013. | |
14. Contact name: | David Clueit | |
15. Contact telephone number: | 01253 754739 | |
Enquiries
Sarantel Group PLC | 01933 670 560 |
David Wither, Chief Executive Officer Nicola Malyon, Chief Financial Officer | |
Beaumont Cornish (Nominated Adviser) | 020 7628 3396 |
Roland Cornish/Michael Cornish
| |
XCAP Securities PLC (Corporate Broker) | 020 7101 7070 |
David Lawman/Halimah Hussain |
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