Vislink PLC Holding in Company (5229S)
December 21 2016 - 9:49AM
UK Regulatory
TIDMVLK
RNS Number : 5229S
Vislink PLC
21 December 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
----------------------------------------------------------------------------------------------------------------------
1. Identity of the issuer or Vislink 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 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) and Morton PTC
(iii) Limited as Trustee of the
Morton Family Trust (MFT)
-------------------------------------------------------- ------------------------------------------------------------
4. Full name of shareholder(s) Hawk Investment Holdings Limited
(if different from 3.):(iv)
-------------------------------------------------------- ------------------------------------------------------------
5. Date of the transaction 1(st) - 14(th) December 2016
and date on
which the threshold is
crossed or
reached: (v)
-------------------------------------------------------- ------------------------------------------------------------
6. Date on which issuer 21st December 2016
notified:
-------------------------------------------------------- ------------------------------------------------------------
7. Threshold(s) that is/are 7%, 6%, 5%, 4%, 3% for ALRM
crossed or only
reached: (vi, vii)
-------------------------------------------------------- ------------------------------------------------------------
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)
--------------- ----------- ----------- ----------- ----------- ----------- -------- ---------
9,400,000
(MFT)
400,000
(ALRM
and SMHM)
29,130
(CNM
GB0001482891 9,829,130 9,829,130 & RWM)
----------- ----------- ----------- ----------- -------- ---------
9,400,000
(MFT)
400,000
(ALRM
and SMHM)
29,130
(CNM
& RWM)
--------------- ----------- ----------- ----------- ----------- ----------- -------- ---------
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
----------------------------------------- ----------------------------------------------------------
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) continues to
hold 9,400,000 Vislink Plc shares representing 7.54%
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 (CNM) and Robert Walter Morton
(RWM). CNM and RWM also own 7,680 and 21,450 Vislink
Plc shares respectively, representing 0.02% of the voting
rights. Accordingly, the concert party owns 9,429,130
Vislink Plc shares representing 7.57% of the voting
rights.
Hawk Pension Fund Limited continues to hold 400,000
shares representing 0.32% of the voting rights.
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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