TR-1:
Standard form for notification of major holdings
1.
Issuer Details
ISIN
GB0004228648
Issuer Name
HERALD INVESTMENT TRUST PLC (HRI)
Legal Entity Identifier: 213800U7G1ROCTJYRR70
UK
or Non-UK Issuer
UK
2.
Reason for Notification
An acquisition or disposal of
financial instruments
3.
Details of person subject to the notification
obligation
Name
Saba Capital Management,
L.P.
City
of registered office (if applicable)
New York
Country of registered office (if applicable)
United States
4.
Details of the shareholder
|
Name
|
City
of registered office
|
Country of registered office
|
|
Saba Capital Master Fund,
Ltd.
|
|
Cayman Islands
|
|
Stone Ridge Archimedes Sub-Master
(Red) LP
|
|
United States
|
|
Saba Capital R Fund, Ltd.
|
|
Cayman Islands
|
|
Saba Capital Income &
Opportunities Fund II
|
|
United States
|
|
Saba Capital CEF Special
Opportunities Master Fund 2, Ltd.
|
|
Cayman Islands
|
|
Saba Capital CEF Opportunities 2,
Ltd.
|
|
Cayman Islands
|
|
Saba Capital CEF Opportunities 1,
Ltd.
|
|
Cayman Islands
|
|
Saba Capital Income &
Opportunities Fund
|
|
United States
|
|
Saba Capital Bluebird Fund,
Ltd
|
|
Cayman Islands
|
|
Saba Capital Arcadia Master Fund,
Ltd.
|
|
Cayman Islands
|
5.
Date on which the threshold was crossed or
reached
17-Dec-2024
6.
Date on which Issuer notified
18-Dec-2024
7.
Total positions of person(s) subject to the notification
obligation
|
|
% of
voting rights attached to shares (total of 8.A)
|
% of
voting rights through financial instruments (total of 8.B 1 + 8.B
2)
|
Total of both in % (8.A + 8.B)
|
Total number of voting rights held in issuer
|
|
Resulting situation on the date on
which threshold was crossed or reached
|
5.354791
|
13.718086
|
19.072877
|
9601451
|
|
Position of previous notification
(if applicable)
|
5.303843
|
13.155025
|
18.458868
|
|
8.
Notified details of the resulting situation on the date on which
the threshold was crossed or reached
8A.
Voting rights attached to shares
|
Class/Type of shares ISIN code(if possible)
|
Number of direct voting rights (DTR5.1)
|
Number of indirect voting rights (DTR5.2.1)
|
% of
direct voting rights (DTR5.1)
|
% of
indirect voting rights (DTR5.2.1)
|
|
GB0004228648
|
2695648
|
0
|
5.354791
|
0.000000
|
|
Sub Total 8.A
|
2695648
|
5.354791%
|
8B1. Financial Instruments according to (DTR5.3.1R.(1)
(a))
|
Type
of financial instrument
|
Expiration date
|
Exercise/conversion period
|
Number of voting rights that may be acquired if the instrument
is exercised/converted
|
% of
voting rights
|
|
|
|
|
|
|
|
Sub Total 8.B1
|
|
|
|
8B2. Financial Instruments with similar economic effect
according to (DTR5.3.1R.(1) (b))
|
Type
of financial instrument
|
Expiration date
|
Exercise/conversion period
|
Physical or cash settlement
|
Number of voting rights
|
% of
voting rights
|
|
Total Return Swap
|
11/28/2025
|
|
Cash
|
6905803
|
13.718086
|
|
Sub Total 8.B2
|
|
6905803
|
13.718086%
|
9.
Information in relation to the person subject to the notification
obligation
2. Full chain of controlled
undertakings through which the voting rights and/or the financial
instruments are effectively held starting with the ultimate
controlling natural person or legal entities (please add additional
rows as necessary)
|
Ultimate controlling person
|
Name
of controlled undertaking
|
% of
voting rights if it equals or is higher than the notifiable
threshold
|
% of
voting rights through financial instruments if it equals or is
higher than the notifiable threshold
|
Total of both if it equals or is higher than the notifiable
threshold
|
|
Boaz Weinstein
|
Saba Capital Management GP,
LLC
|
|
|
|
|
Saba Capital Management GP,
LLC
|
Saba Capital Management,
L.P.
|
|
|
19.072877%
|
10.
In case of proxy voting
Name
of the proxy holder
The
number and % of voting rights held
The
date until which the voting rights will be held
11.
Additional Information
12.
Date of Completion
18-Dec-2024
13.
Place Of Completion
New York
