Vela Technologies PLC Holding(s) in Company (5296S)
December 21 2016 - 10:27AM
UK Regulatory
TIDMVELA
RNS Number : 5296S
Vela Technologies PLC
21 December 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
----------------------------------------------------------------------------------------------------------------------
1. Identity of the issuer or Vela Technologies Plc
the underlying issuer
of existing shares to which
voting rights are
attached:
---------------------------------------------------------- ----------------------------------------------------------
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 Change in Ownership of X
specify): Shareholder
------------------------------------------------------ ----------------------------------------------------------
3. Full name of person(s) Arthur Leonard Robert Morton
subject to the (ALRM), Susan Margaret Howard
notification obligation: Morton (SMHM), Morton PTC
Limited as Trustee of the
Morton Family Trust (MFT)
and Groundlinks Limited (GL).
-------------------------------------------------------- ------------------------------------------------------------
4. Full name of shareholder(s) Hawk Investment Holdings Limited
(if different from 3.):
-------------------------------------------------------- ------------------------------------------------------------
5. Date of the transaction 1(st) - 14(th) December 2016
and date on
which the threshold is
crossed or
reached:
-------------------------------------------------------- ------------------------------------------------------------
6. Date on which issuer 21(st) December 2016
notified:
-------------------------------------------------------- ------------------------------------------------------------
7. Threshold(s) that is/are 3% for ALRM only
crossed or
reached:
-------------------------------------------------------- ------------------------------------------------------------
8. Notified details:
------------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
------------------------------------------------------------------------------------------------------------------------------
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
Shares Voting rights
Rights
--------------- ------------------ ------------------- ------------- ------------------------ ---------------------------
Direct Direct Indirect Direct Indirect
--------------- ---- --- ------- ------- ---- ---- ------------- ------------- --------- -------------- -----------
22,734,382 22,734,382 18,734,700
(MFT)
3,999,682
GB00BYZ9XC29 (GL)
------------------ ------------------- ------- ------------- --------- -------------- -----------
18,734,700
(MFT)
3,999,682
(GL)
--------------- ---- --- ------- ------- ---- ---- ------------- ----- ------ --------- --- --- ---- --- ------
B: Qualifying Financial Instruments
------------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
------------------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that rights
Period may be
acquired if
the
instrument
is
exercised/
converted.
-------------------------- ---------------- -------------------------------- --------------------------- -----------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments
------------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
------------------------------------------------------------------------------------------------------------------------------
Type of financial Exercise Expiration Exercise/ Number of voting % of voting
instrument price date Conversion rights instrument rights
period refers to
--------------------- ------------ ------------- ------------------- ----------------------------- ----------------------
Nominal Delta
--------------------- ------------ ------------- ------------------- ----------------------------- -------------- ------
Total (A+B+C)
------------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
----------------------------------------------------------------- -----------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
------------------------------------------------------------------------------------------------
Hawk Investment Holdings Limited (HIHL) continues to
hold 18,734,700 Vela Technologies Plc shares representing
2.6% of the voting rights. HIHL's ownership has transferred
from ALRM & SMHM to Morton PTC Limited as Trustee of
the MFT. The Board of Directors of the Morton PTC is
Albany Directors Limited, Mr Robert Walter Morton and
Mrs Susan Margaret Howard Morton. The beneficiaries
of the Morton Family Trust are Susan Margaret Howard
Morton, Andrew Robert Morton, Edward George Morton,
Charles Nicholas Morton and Robert Walter Morton.
Groundlinks Limited continues to hold 3,999,682 shares
representing 0.6% of the voting rights. The ultimate
beneficiary of GL is Andrew Robert 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: Albany Trustee Company Limited
-------------------------------------------------------------- --------------------------------
14. Contact name: Emma McIntosh
-------------------------------------------------------------- --------------------------------
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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