Holding(s) in Company

RNS Number : 4025D

Sportech PLC

26 April 2017

 

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				Sportech 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		Highvern Trustees Limited
4. Full name of shareholder(s)  (if different from 3.):iv		Sulby Limited
5. Date of the transaction and date on which the threshold is crossed or reached: v		24/04/2017
6. Date on which issuer notified:		26/4/20717
7. Threshold(s) that is/are crossed or reached: vi, vii		15.37%

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

Ord GBP 0.50

28,776,274

0

28,526,274

15.37%

GB00B28ZPV64

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

28,526,274

15.37%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Highvern Trustees Limited (15.37%) Sulby Limited (15.37%)
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:	Highvern Trustees Limited, (formerly Coutts & Co Trustees (Jersey) Limited),  owned by MNM Holdings Limited, in its capacity as trustee of a settlement, indirectly held 28,776,274 ordinary shares in Sportech Plc which are held directly by Sulby Limited, an undertaking controlled by Highvern.  Newby Manor Ltd (a company ultimately owned by the family interests of Mr Trevor Hemmings) continues to have a notifiable interest in these shares under DTR 5.3(1) (b) (holdings of financial instruments with similar economic effecty to Qualifying Financial Instruments). This holding has decreased due to a sale of 250,000 shares. This Notification is based upon the Voting Rights figure of 185,614,244 obtained from your regulatory announcement dated 31st March 2017 following the Tender Offer.
14. Contact name:	Fiona Whitehead
15. Contact telephone number:	01534 480649

 

END

 

 

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