Porta Communications PLC TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (5086Y)
March 03 2017 - 8:15AM
UK Regulatory
TIDMPTCM
RNS Number : 5086Y
Porta Communications PLC
03 March 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
---------------------------------------------------------------------------------------------------------------------------
1. Identity of the issuer or Porta Communications 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) Morton PTC Limited as Trustee
subject to the of the Morton Family Trust
notification obligation: (MFT)
(iii)
----------------------------------------------------------- --------------------------------------------------------------
4. Full name of shareholder(s) Hawk Investment Holdings Limited
(if different from 3.):(iv)
----------------------------------------------------------- --------------------------------------------------------------
5. Date of the transaction 02 March 2017
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- --------------------------------------------------------------
6. Date on which issuer 03 March 2017
notified:
----------------------------------------------------------- --------------------------------------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 17%, 18%
----------------------------------------------------------- --------------------------------------------------------------
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)
--------------- ----------- ----------- ----------- ----------- ----------- -------- ---------
GB00B71C7K21 53,203,965 53,203,965 18.68%
----------- ----------- ----------- -------- ---------
60,157,648 60,157,648
--------------- ----------- ----------- ----------- ----------- ----------- -------- ---------
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.
--------------- ----------- ------------------------ ------------------------ -------------------
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
60,157,648 18.68%
----------------------------------------- ----------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
-----------------------------------------------------------------------------------
Hawk Investment Holdings Limited (HIHL) is 100% owned
by Morton PTC Limited as Trustee of the Morton Family
Trust.
The Board of Directors of the Morton PTC is Albany Directors
Limited, Robert Walter Morton, Susan Margaret Howard
Morton and Anthony David Holt.
The principal beneficiaries of the Morton Family Trust
are Susan Margaret Howard Morton, Andrew Robert Morton,
Edward George Morton, Charles Nicholas Morton and Robert
Walter Morton.
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: Nicky Chippendale
--------------------------------------------------------------- ------------------
15. Contact telephone number: 01481 724136
--------------------------------------------------------------- ------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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