29th Oct 2012 11:59
29 October 2012
dotDigital Group Plc
Notification of Major Interest - Investec
dotDigital Group Plc (AIM:DOTD), the leading provider of intuitive software as a service and managed services to digital marketing professionals, announces that the Company has today been notified by Investec Asset Management Ltd ("Investec") that it has taken a significant shareholding of 22,000,000 Ordinary Shares, representing a 7.99% shareholding in the Company. This follows on from today's earlier announcement by the Company that directors had sold 12m shares to partially satisfy significant demand for 22m shares from a major institution.
The full TR1 form is shown at the end of this announcement.
Commenting on the announcement , Frank Beechinor, Chairman said: |
"We are delighted to have such a highly regarded and blue chip institution in Investec as a new and significant shareholder in dotDigital. One of the Board's priorities is to maintain and strengthen our blue chip shareholder base which we believe will underpin dotDigital's value in the long term. We are therefore delighted that such a highly regarded institution as Investec has demonstrated its support for dotDigital's growth strategy."
TR1 FORM
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 |
dotDigital Group PLC ISIN: GB00B3W40C23 | |||
2 Reason for the notification (please tick the appropriate box or boxes): | ||||
An acquisition or disposal of voting rights | X | |||
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 | ||||
Other (please specify): | ||||
3. Full name of person(s) subject to thenotification obligation: iii | Investec Asset Management Ltd | |||
4. Full name of shareholder(s) (if different from 3.):iv | ||||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 26.10.12
| |||
6. Date on which issuer notified: | 29.10.12 | |||
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 | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
Ordinary Share GBP.005p
| 0 | 0 | - | - | 22,000,000 | - | 7.99% | |||||||||
GB00B3W40C23 | ||||||||||||||||
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 | |||||||||||||||
22,000,000 | 7.99% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
| ||
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: | ||
14. Contact name: | Ian Gartshore | |
15. Contact telephone number: | 0207 597 1825 | |
Enquiries:
dotDigital Group Plc Peter Simmonds, Chief Executive | Tel: 020 7654 8686 |
NOMAD and Co- Broker Zeus Capital Ross Andrews/Nick Cowles | Tel: 0161 831 1512 |
Co- Broker Charles Stanley Securities Dugald Carlean | Tel: 020 7739 8200 |
Financial PR and Investor Relations Lisa Baderoon | Tel: 07721 413 496 |
Related Shares:
dotDigital Group