TIDMGROW

RNS Number : 2319R

Draper Esprit PLC

07 December 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                               Draper Esprit 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                                 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)                                     Woodford Investment Management 
  subject to the                                                               Ltd (Woodford) 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  -------------------------------- 
 4. Full name of shareholder(s)                                           Clients of Woodford 
  (if different from 3.):(iv) 
-----------------------------------------------------------  -------------------------------- 
 5. Date of the transaction 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v)                                                                     01/12/2016 
-----------------------------------------------------------  -------------------------------- 
 6. Date on which issuer 
  notified:                                                                        02/12/2016 
-----------------------------------------------------------  -------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                      26% 
-----------------------------------------------------------  -------------------------------- 
 
 
 
 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) 
--------------      -------------    -------------    ---------------  ---------------  -----------  ------------  ----------- 
 
 
                                                                                                         26.07 
  GB00BY7QYJ50      10,521,000          10,521,000        10,621,000      10,621,000                       % 
                -----------------  -----------------  ---------------  ---------------  -----------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------ 
 Type of financial   Expiration       Exercise/                           Number of voting                % of voting 
  instrument          date             Conversion                          rights that                     rights 
                      (xiii)           Period (xiv)                        may be 
                                                                           acquired if 
                                                                           the 
                                                                           instrument 
                                                                           is 
                                                                           exercised/ 
                                                                           converted. 
------------------  ---------------  ----------------------------------  ------------------------------  --------------------- 
 
 
 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) 
----------------  ---------------  ---------------  -----------------  ------------------------------  ----------------------- 
                                                                                                        Nominal       Delta 
----------------  ---------------  ---------------  -----------------  ------------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                 Percentage of voting rights 
------------------------------------------------------  ---------------------------------------------------------------------- 
                       10,621,000                                                       26.07 % 
------------------------------------------------------  ---------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------------- 
 
                                              Woodford, as Investment Manager 
 
 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: 
-------------------------------------------------------------  -------------- 
 14. Contact name:                                              Akpene Akonou 
-------------------------------------------------------------  -------------- 
 15. Contact telephone number:                                   01865 809024 
-------------------------------------------------------------  -------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 07, 2016 10:02 ET (15:02 GMT)

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