Sportech PLC Holding(s) in Company (7388J)
June 30 2017 - 4:59AM
UK Regulatory
TIDMSPO
RNS Number : 7388J
Sportech PLC
30 June 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or Sportech 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) Highvern Trustees Limited
subject to the
notification obligation:
(iii)
----------------------------------------------------------- ---------------------------
4. Full name of shareholder(s) Sulby Limited
(if different from 3.):(iv)
----------------------------------------------------------- ---------------------------
5. Date of the transaction 28/06/2017
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- ---------------------------
6. Date on which issuer 28/06/2017
notified:
----------------------------------------------------------- ---------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 5.54%
----------------------------------------------------------- ---------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
----------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- --------------------------------- --------------------------------------------------------------------
Number Number Number Number of voting % of voting
of of of shares rights rights (x)
Shares Voting
Rights
------------- --------------- ---------------- ------------- ---------------------------- -----------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ----------- ------------ ------------- ----------- --------------- --------- ------------
Ord GBP
0.50 27,776,274 0 10,276,274 5.54%
--------------- ---------------- ------------- ----------- --------------- --------- ------------
GB00B28ZPV64
------------- ----------- ------------ ----------- ----------- ----------- ------- ------------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of % of voting
financial date Conversion voting rights
instrument (xiii) Period (xiv) rights that
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 % of voting rights
financial price date Conversion voting (xix, xx)
instrument (xvii) period rights
(xviii) instrument
refers to
--------------- ------------- -------------- ------------- --------------- --------------------------------------
Nominal Delta
--------------- ------------- -------------- ------------- --------------- --------------- ---------------------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------------------- -------------------------------------------------------
10,276,274 5.54%
------------------------------------------------------------- -------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
---------------------------------------------------------------------------------------------------
Highvern Trustees Limited (5.54%)
Sulby Limited (5.54%)
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:
------------------------------------------------------------- ------------------------------------
Highvern Trustees Limited,
13. Additional information: (formerly Coutts & Co Trustees
(Jersey) Limited), owned
by MNM Holdings Limited,
in its capacity as trustee
of a settlement, indirectly
held 27,776,274, ordinary
shares in Sportech Plc which
are held directly by Sulby
Limited, an undertaking controlled
by Highvern. Newby Manor
Ltd (a company ultimately
owned by the family interests
of Mr Trevor Hemmings) continues
to have a notifiable interest
in these shares under DTR
5.3(1) (b) (holdings of financial
instruments with similar
economic effecty to Qualifying
Financial Instruments). This
holding has decreased due
to a sale of 17,500,000 shares.
This Notification is based
upon the Voting Rights figure
of 185,614,244 obtained from
your regulatory announcement
dated 31(st) March 2017 following
the Tender Offer.
------------------------------------------------------------- ------------------------------------
14. Contact name: Aileen Craig
------------------------------------------------------------- ------------------------------------
15. Contact telephone number: 01534 480613
------------------------------------------------------------- ------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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