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Holding(s) in Company

18th Jun 2009 17:10

RNS Number : 1508U
Imagination Technologies Group PLC
18 June 2009
 



Dear Sir\Madam

Please find attached a TR-1: Notifications in Major Interests in Shares in regard to SAAD crossing a percentage threshold due to a decrease in the Total Voting Rights of Imagination Technologies Group plc. The decrease in the Total Voting Rights reduces SAAD's shareholding to 7.625% in Imagination Technologies Group plc.

Yours faithfully

 

Anthony Llewellyn

Company Secretary

For filings with the FSA include the annex

For filings with issuer exclude the annex 

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

 Imagination Technologies Group plc

2. Reason for notification (yes/no)

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 

 

An event changing the breakdown of voting rights

 

Other (please specify):______________

 

3. Full name of person(s) subject to notification obligation:

 1. Awal Bank B.S.C ("Awal")

 2. Awal Trust Company Ltd ("ATCL",

as parent undertaking of Awal)

 3. Maan Abdulwahed Al-Sanea

("MAS" , as parent undertaking of

Awal and ATCL)

4. Full name of shareholder(s) (if different from 3):

 Vidacos Nominees Limited

5. Date of transaction (and date on which the threshold is crossed or reached if different):

 June 17th , 2009

6. Date on which issuer notified:

 June 18th, 2009

7. Threshold(s) that is/are crossed or reached:

 1. Awal (each level from 12% down to

3% incl.)

 2. ATCL (each level from 20% down to

8%)

 3. MAS (each level from 20% down 8%)

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

 ISIN

GB009303123

 

Awal

 

 

 

29,236,362

 

 

 

12.8%

 

 

 

Nil

 

 

 

Nil

 

 

 

Nil

 

 

 

Nil

 

 

 

0% 

B: Financial Instruments

 

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

 

na

 

 

 

 

Total (A+B)

Number of voting rights

Percentage of voting rights

 17,413,999

 7.625%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

 

MAS is subject to a notification obligation pursuant to DTR 5.2.1 (e) as the "parent undertaking" of Awal, the entity which no longer holds any Imagination Technologies plc shares, and as "parent undertaking" of ATCL.
 
Awal is indirectly owned by ATCL as trustee of the Saad STAR Trust. ATCL is therefore subject to a notification obligation pursuant to DTR 5.2.1(e) as a "parent undertaking" of Awal.

Proxy Voting:

10. Name of proxy holder:

 

11. Number of voting rights proxy holder will cease to hold:

 

12. Date on which proxy holder will cease to hold voting rights:

 

13. Additional information:

 

14 Contact name:

 Christopher C. Hart

15. Contact telephone number:

 +41 22 715 0303

For notes on how to complete form TR-1 please see the FSA website. 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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