27th Jan 2012 16:35
Servoca Plc
("Servoca" or "the Company")
Notification of Major Interests in Shares
Servoca, the AIM listed specialist outsourcing and recruitment solutions provider, has received notification that on 26 January 2012 Hawk Investment Holdings Limited ("Hawk") purchased 125,000 Ordinary Shares in the Company ("Shares") at a price of 4 pence per Share and on 27 January 2012 purchased a further 1,400,000 Shares at a price of 5 pence per Share. Hawk is an investment company in which ALR Morton, the Chairman of the Company, holds a beneficial interest. Following these transactions, Hawk has an interest in the Company of 36,862,481 Shares which represents 29.35% of the total voting rights in the Company.
Hawk is considered to be included in a concert party under the influence of ALR Morton, Chairman of the Company. The concert party comprises Southwind Limited, Hawk Investment Holdings Limited, Retro Grand Limited, Seraffina Holdings Limited and Groundlinks Limited which, excluding the above transactions, held an aggregate of 73,551,304 Shares representing 58.57% of the total voting rights in the Company. Following the above purchases, the concert party holds 59.79% of the total voting rights in the Company.
Contacts:
Servoca Plc:
Andrew Church 020 7747 3030
Glenn Swaby
finnCap:
Geoff Nash/Ben Thompson 020 7600 1658
Tom Jenkins/Simon Starr (broking)
Related Shares:
Servoca