TIDMTNG

RNS Number : 5851R

Tangent Communications PLC

09 March 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
--------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                               Tangent Communications 
  the underlying issuer                                      plc 
  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                            Yes 
----------------------------------------------------------  --------------------------- 
 An acquisition or disposal of qualifying financial                      No 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
----------------------------------------------------------  --------------------------- 
 An acquisition or disposal of instruments with                          No 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------  --------------------------- 
 An event changing the breakdown of voting rights                        No 
----------------------------------------------------------  --------------------------- 
 Other (please                                                           No 
  specify): 
--------------------------------------------------------    --------------------------- 
 3. Full name of person(s)                                  Livingbridge VC LLP 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ---------------------------- 
 4. Full name of shareholder(s)                             No underlying client holds 
  (if different from 3.):(iv)                                over 3% 
---------------------------------------------------------  ---------------------------- 
 5. Date of the transaction                                 07/03/2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ---------------------------- 
 6. Date on which issuer                                    09/03/2016 
  notified: 
---------------------------------------------------------  ---------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                        11% - 0% 
---------------------------------------------------------  ---------------------------- 
 
 
 
 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 voting        % of voting 
                of             of            of shares     rights                  rights (x) 
                hares          Voting 
                               Rights 
-------------  ------------  ------------  ------------  ----------------------  ------------------- 
                                            Direct        Direct    Indirect      Direct    Indirect 
                                                          (xi)       (xii) 
-------------  ------------  ------------  ------------  --------  ------------  --------  --------- 
 
                31,383,077    11.3%                                 Nil                     0% 
-------------  ------------  ------------  ------------  --------  ------------  --------  --------- 
 
 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. 
-------------  ------------  --------------------------  ----------------------  ------------------- 
                                                                                  Nil 
-------------  ------------  --------------------------  ----------------------  ------------------- 
 
 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 
-----------------------------------------  --------------------------------------------------------- 
 
   Nil                                        0% 
-----------------------------------------  --------------------------------------------------------- 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------------------------------- 
 
   Livingbridge VC LLP 
   No underlying client holds over 3% 
 
 Proxy Voting: 
---------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                      Livingbridge VC LLP 
-----------------------------------------------------------------  --------------------------------- 
 11. Number of voting rights proxy                                  N/A 
  holder will cease 
  to hold: 
-----------------------------------------------------------------  --------------------------------- 
 12. Date on which proxy holder will                                N/A 
  cease to hold 
  voting rights: 
-----------------------------------------------------------------  --------------------------------- 
 
 
  13. Additional information: 
-----------------------------------------  --------------------------------------------------------- 
 14. Contact name:                          Karen Huxley 
-----------------------------------------  --------------------------------------------------------- 
 15. Contact telephone number:              020 7506 5643 
-----------------------------------------  ---------------------------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 09, 2016 09:27 ET (14:27 GMT)

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