TIDMLOK
RNS Number : 8594J
Lok'n Store Group PLC
07 April 2010
+----------------------------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
+----------------------------------------------------------------------+
+------------------------------------+--------------------------------+
| 1. Identity of the issuer or the | |
| underlying issuer of existing | Lok'n Store Group plc |
| 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 | |
+---------------------------------------------------------------+----------+
| | |
| 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 | |
+---------------------------------------------------------------+----------+
| | Reorganisation of assets managed by the | X |
| Other (please | party named in 3 below, and change in | |
| specify): | number of voting rights | |
+-----------------+---------------------------------------------+----------+
| | | |
+-----------------+---------------------------------------------+----------+
+-------------------------------+-------------------------------------+
| 3. Full name of person(s) | Audley Capital Management Limited |
| subject to the notification | |
| obligation: | |
| | |
+-------------------------------+-------------------------------------+
| 4. Full name of | Audley European Opportunities |
| shareholder(s) (if different | Master Fund; |
| from 3.): | Audley Investment I; |
| | Audley Investment II |
| | |
+-------------------------------+-------------------------------------+
| 5. Date of the transaction | 29/03/10 |
| and date on which the | |
| threshold is crossed or | |
| reached: | |
| | |
+-------------------------------+-------------------------------------+
| 6. Date on which issuer | 31/03/10 |
| notified: | |
| | |
+-------------------------------+-------------------------------------+
| 7. Threshold(s) that is/are | 16% |
| crossed or reached: | |
| | |
+-------------------------------+-------------------------------------+
+--------------+-----------+-----------+-----------+---------+-----------+--------+----------+
| 8. Notified details: |
+--------------------------------------------------------------------------------------------+
| A: Voting rights attached to shares |
| |
+--------------------------------------------------------------------------------------------+
| Class/type | Situation | Resulting situation after the |
| of | previous | triggering transaction |
| shares | to the | |
| if | triggering | |
| possible | transaction | |
| using the | | |
| ISIN CODE | | |
+ +-----------------------+-----------------------------------------------------+
| | Number | Number | Number | Number of | % of |
| | of | of | of | voting | voting |
| | Shares | Voting | shares | rights | rights |
| | | Rights | | | |
+ + + +-----------+---------------------+-------------------+
| | | | Direct | Direct | Indirect | Direct | Indirect |
+--------------+-----------+-----------+-----------+---------+-----------+--------+----------+
| GB0007276115 | 4,062,500 | 4,062,500 | 4,262,500 | | 4,262,500 | | 16.6% |
+--------------+-----------+-----------+-----------+---------+-----------+--------+----------+
+------------+------------+--------------+---------------+--------------+
| B: Qualifying Financial Instruments |
+-----------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
| |
+-----------------------------------------------------------------------+
| Type of | Expiration | Exercise/ | Number of | % of voting |
| financial | date | Conversion | voting | rights |
| instrument | | Period | rights that | |
| | | | may be | |
| | | | acquired if | |
| | | | the | |
| | | | instrument is | |
| | | | exercised/ | |
| | | | converted. | |
| | | | | |
+------------+------------+--------------+---------------+--------------+
| N/A | N/A | N/A | N/A | N/A |
+------------+------------+--------------+---------------+--------------+
+------------+----------+------------+------------+-------------+------------+-------+
| C: Financial Instruments with similar economic effect to |
| Qualifying Financial Instruments |
+------------------------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
| |
+------------------------------------------------------------------------------------+
| Type of | Exercise | Expiration | Exercise/ | Number of | % of voting |
| financial | price | date | Conversion | voting | rights |
| instrument | | | period | rights | |
| | | | | instrument | |
| | | | | refers to | |
+------------+----------+------------+------------+-------------+--------------------+
| | | | | | Nominal |Delta |
| | | | | | | |
+ + + + + +------------+-------+
| | | | | | | |
+------------+----------+------------+------------+-------------+------------+-------+
+------------------------------------+--------------------------------+
| Total (A+B+C) |
| |
+---------------------------------------------------------------------+
| Number of voting rights | Percentage of voting rights |
+------------------------------------+--------------------------------+
| 4,262,500 | 16.6% |
+------------------------------------+--------------------------------+
+----------------------------------------+-------------+-------------+
| 9. Chain of controlled undertakings through which the voting |
| rights and/or the |
| financial instruments are effectively held, if applicable: |
+--------------------------------------------------------------------+
| Name of Company/Fund | No. of | % of issued |
| | Shares | share |
| | | capital |
+----------------------------------------+-------------+-------------+
| Audley European Opportunities Master | 2,642,713 | 10.3% |
| Fund | | |
+----------------------------------------+-------------+-------------+
| Audley Investment I | 1,456,535 | 5.7% |
+----------------------------------------+-------------+-------------+
+------------------------------------+--------------------------------+
| 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: | |
| | |
+------------------------------------+--------------------------------+
| 14. Contact name: | Simon Thornton |
| | |
+------------------------------------+--------------------------------+
| 15. Contact telephone number: | 01481 737600 (tel #) |
| | 01481 710348 (fax #) |
+------------------------------------+--------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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