22nd Dec 2016 07:00
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 | 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): | Change in Ownership of Shareholder | X | ||
3. Full name of person(s) subject to thenotification obligation: iii | Arthur Leonard Robert Morton (ALRM), Susan Margaret Howard Morton (SMHM), Morton PTC Limited as Trustee of the Morton Family Trust (MFT) Retro Grand Limited (RGL), Seraffina Holdings Limited (SHL), Groundlinks Limited (GL) and Hawk Pension Fund Limited (HPFL). | |||
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 | 1st - 14th December 2016 | |||
6. Date on which issuer notified: | 21st December 2016 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | 17%, 16%, 15%, 14%, 13%, 12%, 11%, 10%, 9%, 8% 7%, 6%, 5%, 4%, 3% for ALRM only | |||
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 | 67,103,965 | 67,103,965 |
53,203,965 (MFT)
450,000 (SHL)
5,850,000 (RGL)
6,750,000 (GL)
850,000 (ALRM and SMHM)
| 53,203,965 (MFT)
450,000 (SHL)
5,850,000 (RGL)
6,750,000 (GL)
850,000 (ALRM and SMHM) | ||||||||||||
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 67,103,965 | Percentage of voting rights 21.68% | |||||||||||||||
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 shares representing 17.2% of the voting rights. HIHL's ownership has transferred from ALRM & SMHM to Morton PTC Limited as Trustee of the MFT. 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.
Retro Grand Limited continues to hold 5,850,000 shares representing 1.9% of the voting rights. The ultimate beneficiary of RGL is Edward George Morton.
Seraffina Holdings Limited continues to hold 450,000 shares representing 0.15% of the voting rights. The ultimate beneficiary of SHL is Charles Nicholas Morton.
Groundlinks Limited continues to hold 6,750,000 shares representing 2.2% of the voting rights. The ultimate beneficiary of GL is Andrew Robert Morton.
Hawk Pension Fund Limited continues to hold 850,000 shares representing 0.27% of the voting rights. The ultimate beneficiaries of HPFL are Arthur Leonard Robert Morton and Susan Margaret Howard Morton.
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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: | Albany Trustee Company Limited | |
14. Contact name: | Emma McIntosh | |
15. Contact telephone number: | 01481 724136 | |
Related Shares:
PTCM.L