Notification of Major Interest in Shares

RNS Number : 4401P

NetScientific PLC

05 June 2015

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			NetScientific 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):
3. Full name of person(s) subject to the notification obligation: iii		White Mustard Investments Limited (formerly Quantadyne Limited)
4. Full name of shareholder(s)  (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		4 June 2015
6. Date on which issuer notified:		5 June 2015
7. Threshold(s) that is/are crossed or reached: vi, vii		9% to 1% (inclusive)

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the 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

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary shares of 5p

3,430,000

9.5%

3,180,000

3,180,000

8.80%

GB00B9F4MT28

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

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

3,180,000

8.80%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder:		White Mustard Investments Limited (formerly Quantadyne Limited)
11. Number of voting rights proxy holder will cease to hold:		250,000
12. Date on which proxy holder will cease to hold voting rights:		18 June 2015
13. Additional information:	This form should be read together with the forms of Zahra Holdings Limited and Cyrus Holdings Limited, also completed on this date, which along with White Mustard Investments Limited in total held 17,152,020 shares representing 47.8 per cent of the Company's issued share capital prior to this notification and now hold 10,952,000 shares representing 30.5% of the Company's issued capital.
14. Contact name:	Steve Gully
15. Contact telephone number:	01534 813183

 

END

 

 

HOLDMGGVVKGGKZM