Velocity Composites PLC TR-1: Notification of Major Interest in Shares (0147G)
May 23 2017 - 10:00AM
UK Regulatory
TIDMVEL
RNS Number : 0147G
Velocity Composites PLC
23 May 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or VELOCITY COMPOSITES PLC
the underlying issuer
of existing shares to which
voting rights are
attached: (ii)
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2 Reason for the notification (please tick the appropriate
box or boxes):
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An acquisition or disposal of voting rights ü
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An acquisition or disposal of qualifying financial
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
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An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
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An event changing the breakdown of voting rights ü
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Other (please
specify):
----------------------------------------------------- ------------------------
3. Full name of person(s) HARGREAVE HALE LIMITED
subject to the
notification obligation:
(iii)
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4. Full name of shareholder(s) DISCRETIONARY CLIENTS
(if different from 3.):(iv)
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5. Date of the transaction 18 MAY 2017
and date on
which the threshold is
crossed or
reached: (v)
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6. Date on which issuer 19 MAY 2017
notified:
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7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 5%
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8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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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 Indirect Direct Indirect Direct Indirect
(xi) (xii)
------------- ----------- ----------- ----------- ------------ ---------- ------------ ------- ---------
GB00BF339H01 0 0 2,463,084 2,463,084 6.8810%
--------------- --------------- ----------- ------------ ---------- ------------ ------- ---------
B: Qualifying Financial Instruments
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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
------------------------------------------------------------ ----------------------------------------------------------
2,463,084 6.8810%
------------------------------------------------------------ ----------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
-----------------------------------------------------------------------------------------------
941,228 of these shares are held for a unit trust operated
by Marlborough Fund Managers Ltd, for whom Hargreave
Hale Ltd manages the investments on a discretionary
basis. The remaining shares are held on behalf of other
discretionary clients.
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:
------------------------------------------------------------- --------------------------------
The change in the percentage
13. Additional information: of shares held is due entirely
to participation in the IPO
by Velocity Composites Plc,
the shares from which were
admitted to AIM on 18/05/2017.
------------------------------------------------------------- --------------------------------
14. Contact name: David Clueit
Hargreave Hale Ltd
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15. Contact telephone number: 01253 754739
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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