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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

8th Feb 2017 11:25

RNS Number : 3509W
Porta Communications PLC
08 February 2017
 

 

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

Porta Communications Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

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

X

Other (please specify):

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

Morton PTC Limited as Trustee of the Morton Family Trust

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

Hawk Investment Holdings Limited

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

30 January 2017

6. Date on which issuer notified:

30 January 2017

7. Threshold(s) that is/are crossed orreached: vi, vii

17%

 

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

 

GB00B71C7K21

53,203,965

53,203,965

 

53,203,965

 

 

53,203,965

 

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

 

53,203,965

Percentage of voting rights

 

16.52%

 

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

Hawk Investment Holdings Limited (HIHL) continues to hold 53,203,965 Porta Communications Plc shares now representing 16.52% of the voting rights following the issue of new ordinary shares.

 

The Board of Directors of the Morton PTC is Albany Directors Limited, Mr Robert Walter Morton and Mrs Susan Margaret Howard Morton.

 

The beneficiaries of the Morton Family Trust are Susan Margaret Howard Morton, Andrew Robert Morton, Edward George Morton, Charles Nicholas Morton and Robert Walter Morton.

 

Proxy Voting:

10. Name of the 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:

Albany Trustee Company Limited

14. Contact name:

Nicky Chippendale

15. Contact telephone number:

01481 724136

 

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