9th Oct 2008 15:10
NETELLER PLC
TR-1 : NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Neteller PLC
2. Reason for the notification (please tick the appropriate box or boxes): n/a see additional information
An acquisition or disposal of voting rights Yes
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached No
An event changing the breakdown of voting rights No
3. Full name of person(s) subject to the notification obligation : Southern Rock Insurance Co. Ltd.
4. Full name of shareholder(s) (if different from 3.) : Southern Rock Insurance Co. Ltd
Rene Nominees (IOM) Ltd
Arron Banks
5. Date of the transaction and date on which the threshold is crossed or reached : 8 October 2008
6. Date on which issuer notified: 9 October 2008
7. Threshold(s) that is/are crossed or reached: 4%
8. Notified details:
A: Voting rights attached to shares
|
Class/type of shares |
Situation previous to the Triggering transaction |
Resulting situation after the triggering transaction |
|||||
|
if possible using the ISIN CODE |
Number of Shares |
Number of Voting Rights |
Number of shares |
Number of voting rights |
% of voting rights |
||
|
Direct |
Direct |
Indirect |
Direct |
Indirect |
|||
|
GB0034264548 Ord 0.01p |
3,668,569 |
3.059% |
475,000 |
475,000 |
2,471,009 |
.040% |
2.06% |
B: Financial Instruments
Resulting situation after the triggering transaction
|
Type of financial instrument |
Expiration date |
Exercise/ Conversion Period/ Date |
Number of voting rights that may be acquired if the instrument is exercised/ converted |
% of voting rights |
|
Spread Bet (Arron Banks) |
17 March 2009 |
2,000,000 |
1.67% |
Total (A+B)
|
Number of voting rights |
% of voting rights |
|
4,946,009 |
4.12% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable :
Southern Rock Insurance Company Limited 475,000 shares - 0.396%
Rene Nominees (IOM) Ltd (as nominee for Southern Rock Insurance Co. Ltd) 2,171,009 Shares - 1.81%
Rene Nominees (IOM) Ltd (as nominee for Arron Banks) 300,000 Shares - 0.25%
Arron Banks - Financial Instrument - Spread Bet 2,000,000 Shares - 1.668%
Arron Banks is connected to Southern Rock Insurance Company Ltd, being a major shareholder in Southern Rock Insurance Company Ltd.
Therefore, together Southern Rock Insurance Company Ltd and Arron Banks are interested in 4,946,009 shares in Neteller PLC, representing approximately 4.12% of the Company's issued share capital based on issued share capital of : 119,920,953 shares.
Proxy Voting:
|
10. |
Name of the proxy holder: |
N/a |
|
11. |
Number of voting rights proxy holder will cease to hold: |
N/a |
|
12. |
Date on which proxy holder will cease to hold voting rights: |
N/a |
|
13. |
Additional information: |
|
|
14 |
Contact name: Christine Shipway |
+44 (0) 1454 634 853 |
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