Satellite Solutions Wldwide Grp PLC Holding(s) in Company (5053I)
June 19 2017 - 9:06AM
UK Regulatory
TIDMSAT
RNS Number : 5053I
Satellite Solutions Wldwide Grp PLC
19 June 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or SATELLITE SOLUTIONS WORLDWIDE
the underlying issuer GROUP PLC
of existing shares to which
voting rights are
attached: (ii)
--------------------------------------------------------------- ---------------------------------
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) Candy Ventures Sarl
subject to the
notification obligation:
(iii)
----------------------------------------------------------- -------------------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv)
----------------------------------------------------------- -------------------------------------
5. Date of the transaction 15 June 2017
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- -------------------------------------
6. Date on which issuer 16 June 2017
notified:
----------------------------------------------------------- -------------------------------------
7. Threshold(s) that is/are 3, 4, 5, 6, 7, 8, 9 and 10
crossed or per cent
reached: (vi, vii)
----------------------------------------------------------- -------------------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
----------------------------------------------------------------------------------------------------
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 Number of % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
-------------- ------------ ------------ ------------ --------------------- -------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
-------------- ------------ ------------ ------------ ------- ------------ -------- ---------
Ordinary
Shares 54,095,852 54,095,852 Nil Nil - zero -
------------ ------------ ------------ ------- ------------ -------- ---------
ISIN Code:
GB00BT6SRD21
-------------- ------------ ------------ ------------ ------- ------------ -------- ---------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
-------------- ------------ -------------------------- --------------------- -------------------
N/A
-------------- ------------ -------------------------- --------------------- -------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
----------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
-------------- ------------ ------------ ------------ --------------------- -------------------
N/A Nominal Delta
-------------- ------------ ------------ ------------ --------------------- -------- ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------ --------------------------------------------------------
zero Nil
------------------------------------------ --------------------------------------------------------
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: 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:
------------------------------------------------------- ------------------
13. Additional information:
------------------------------------------------------- ------------------
14. Contact name: Steven Smith
------------------------------------------------------- ------------------
15. Contact telephone number: +352 284 878 2012
------------------------------------------------------- ------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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