19th Dec 2007 11:31
19 December 2007 TEP Exchange Group plc ("TEP" or "The Company") Holdings in Company The Company announces it has been notified that Surrenda-link Limited(Surrenda-link) has sold 16,000,000 Ordinary Shares ("the Transaction") in theCompany (equivalent to 4 per cent of its ordinary share capital) to CloseHorizons Limited ("Close Horizons"). Under the Takeover Code, Surrenda-link andClose Horizons, which ultimately have identical shareholders, are deemed to bea Concert Party. The number of Ordinary Shares held by the members of theConcert Party before and after the Transaction, together with their respectivepercentages of the issued share capital of the Company are set-out in the tablebelow: Number of Percentage Ordinary Shares Before the transaction Shareholder: Surrenda-link 209,032,798 52.26 Close Horizons 8,833,333 2.21 217,866,131 54.47 After the transaction Shareholder: Surrenda-link 193,032,798 48.26 Close Horizons 24,833,333 6.21 217,866,131 54.47
For further information please contact:
TEP Exchange Group plc 01244 319 520 Paul Sands 020 7628 2200 John East & Partners Limited John East / Simon Clements
TEP EXCHANGE GROUP PLCRelated Shares:
Doriemus