Eckoh PLC Holding(s) in Company (6454I)
June 20 2017 - 10:35AM
UK Regulatory
TIDMECK
RNS Number : 6454I
Eckoh PLC
20 June 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or Eckoh PLC
the underlying issuer
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
---------------------------------------------------------------- -----------------------------------
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 Yes
---------------------------------------------------------------- -----------------------------------
Other (please
specify):
------------------------------------------------------- ------- -----------------------------------
3. Full name of person(s) Kestrel Partners LLP
subject to the
notification obligation:
(iii)
--------------------------------------------------------- ------------------------------------------
4. Full name of shareholder(s) Kestrel Opportunities, a cell
(if different from 3.):(iv) of Guernsey Portfolios PCC
Ltd (through BNY Mellon Nominees
Limited) and various other
clients of Kestrel Partners
LLP (through JIM Nominees
Ltd and Bank of New York Nominees
Ltd)
--------------------------------------------------------- ------------------------------------------
5. Date of the transaction 20 June 2017
and date on
which the threshold is
crossed or
reached: (v)
--------------------------------------------------------- ------------------------------------------
6. Date on which issuer 20 June 2017
notified:
--------------------------------------------------------- ------------------------------------------
7. Threshold(s) that is/are Down through 15%
crossed or
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 voting rights (x)
Shares Voting shares rights
Rights
------------- -------------------------- ---------------- ---------- ---------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- --------- ----------- ------------ ---------- --------- ----------- ------------ -----------
Ordinary
Shares of
0.25p each
ISIN
GB0033359141 37,369,995 37,369,995 n/a n/a 37,369,995 n/a 14.90%
-------------------------- ---------------- ---------- --------- ----------- ------------ -----------
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 n/a n/a n/a 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 n/a n/a n/a n/a Nominal Delta
--------------- ----------- --------------- -------------- ---------------------------------- ------------ ---------
n/a n/a
------------- --------- ----------- ------------ -------- ------- ----------- ------------ ---------
Total (A+B+C)
--------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------------------- -----------------------------------------------------------
37,369,995 14.90%
------------------------------------------------------------- -----------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
---------------------------------------------------------------------------------------------------
Indirect - BNY Mellon Nominees Limited - 30,297,050
Shares. 12.08% of voting rights
Indirect - JIM Nominees Limited - 2,498,905 Shares.
1.00% of voting rights
Indirect - Bank of New York Nominees Limited - 4,574,040
Shares. 1.82% of voting rights
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:
------------------------------------------------------------- ------------------------------------
Disclosure based on Total
13. Additional information: voting rights of 250,723,520
The indirect voting rights
held under (9) relate to
shares held in client portfolios
managed by Kestrel Partners
LLP under discretionary investment
management agreements
------------------------------------------------------------- ------------------------------------
14. Contact name: Ian Forrest
------------------------------------------------------------- ------------------------------------
15. Contact telephone number: 0203 371 6100
------------------------------------------------------------- ------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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