Satellite Solutions Wldwide Grp PLC Holding(s) in Company (4910T)
January 06 2017 - 1:00AM
UK Regulatory
TIDMSAT
RNS Number : 4910T
Satellite Solutions Wldwide Grp PLC
06 January 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
-----------------------------------------------
1. Identity of the issuer or Satellite Solutions Worldwide
the underlying issuer Group Plc
of existing shares to which
voting rights are
attached:
------------------------------------------------------------ -----------------------------------
2. Reason for the notification (please tick the appropriate
box or boxes):
-------------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights Yes
--------------------------------------------------------------- --------------------------------
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) Legal & General Group Plc
subject to the (L&G)
notification obligation:
---------------------------------------------------------- -------------------------------------
4. Full name of shareholder(s)
(if different from 3.): Legal & General Assurance
Society Limited (LGAS & LGPL)
---------------------------------------------------------- -------------------------------------
04 January 2017
5. Date of the transaction
and date on
which the threshold is
crossed or
reached:
---------------------------------------------------------- -------------------------------------
6. Date on which issuer 05 January 2017
notified:
---------------------------------------------------------- -------------------------------------
7. Threshold(s) that is/are L&G (From 4% to 3%)
crossed or
reached:
---------------------------------------------------------- -------------------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
----------------------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------ ------------------------------------------------ ------------------------------------------------------------------
Number Number Number of voting % of voting
of of rights rights
Shares Voting
Rights
------------ ---------------- ------------------------------ --------------------------- ---------------------
Number Direct Indirect Direct Indirect
of shares
------------ ------------ ------------ ------------ -------------- -------------- ----------- --------- ----------
GBP 0.01 22,000,000 21,000,000 21,000,000 - 3.91% -
------------ ------------------------------------------------ -------------- -------------- ----------- --------- ----------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------------------
Number of voting
Type of Expiration Exercise/ rights that % of voting
financial date Conversion may be rights
instrument Period acquired if
the
instrument
is
exercised/
converted.
---------------- ---------------- -------------------------------------------- --------------------------- -------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights
instrument period refers to
-------------- ---------------- -------------- -------------- ------------------------------ --------------------------------
Nominal Delta
-------------- ---------------- -------------- -------------- ------------------------------ -------------------- ----------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
---------------------------------------------------------------- ----------------------------------------------------------------
21,000,000 3.91%
---------------------------------------------------------------- ----------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
--------------------------------------------------------------------------------------------------------------------
Legal & General Group Plc (Direct and
Indirect) (Group) (Below 5% = Total
Position)
Legal & General Investment Management
(Holdings) Limited (LGIMH) (Direct and
Indirect) (Below
5% = Total Position)
Legal & General Investment Management
Limited (Indirect) (LGIM) (Below 5% = Total
Position)
Legal & General (Unit Trust Managers)
Limited
Legal & General Group Plc (Direct) (L&G) ( 21,000,000 - 3.91%=LGAS, LGPL & PMC)
Legal & General Investment Management Legal & General Insurance Holdings Limited
(Holdings) Limited (Direct) (LGIMHD) (Direct) (LGIH) (LGAS & LGPL)
(PMC)
Legal & General Assurance (Pensions Legal & General Assurance Society Limited
Management) Limited (PMC) (PMC) (LGAS & LGPL) (LGAS & LGPL)
Legal & General Pensions Limited (Direct)
(LGPL)
Proxy Voting:
--------------------------------------------------------------------------------------------------------------------
10. Name of the proxy holder: N/A
----------------------------------------------------------------------------- -------------------------------------
11. Number of voting rights proxy N/A
holder will cease
to hold:
----------------------------------------------------------------------------- -------------------------------------
12. Date on which proxy holder will N/A
cease to hold
voting rights:
----------------------------------------------------------------------------- -------------------------------------
Notification using the total
13. Additional information: voting rights figure of 536,175,719
----------------------------------------------------------------------------- -------------------------------------
14. Contact name: Victoria Davies (LGIM)
----------------------------------------------------------------------------- -------------------------------------
15. Contact telephone number: 029 2035 4147
----------------------------------------------------------------------------- -------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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