Manx Telecom PLC TR-1: Notification of Major Interest in Shares (1164X)

TIDMMANX

RNS Number : 1164X

Manx Telecom PLC

14 November 2014

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying                 MANX TELECOM PLC 
  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                                    ü 
-----------------------------------------------------------------------------  ------- 
 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 
  specify): 
-------------------  --------------------------------------------------------  ------- 
 3. Full name of person(s) subject                     HARGREAVE HALE LIMITED 
  to the 
  notification obligation: (iii) 
--------------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s)                         DISCRETIONARY CLIENTS 
  (if different from 3.):(iv) 
--------------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date                      12 NOVEMBER 2014 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:                        14 NOVEMBER 2014 
--------------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                             5% 
--------------------------------------------  ---------------------------------------- 
 
 
 
 8. Notified details: 
--------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
--------------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                    Resulting situation after the triggering 
  of             to the 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) 
                 Shares             Voting 
                                    Rights 
-------------  -----------------  -----------------  ---------------------------  ---------------------  ------------------ 
                                                      Direct       Indirect        Direct   Indirect      Direct   Indirect 
                                                                                    (xi)     (xii) 
-------------  ---  -----  -----      -----  ------  -----------  --------------  -------  ------------  -------  --------- 
 IM00BHY3RF70   5,521,603          5,521,603                       5,771,603                5,771,603              5.1157% 
               -----------------  -----------------  -----------  --------------  -------  ------------  -------  --------- 
 
 
 B: Qualifying Financial Instruments 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
 Type of financial          Expiration        Exercise/                   Number of voting                % of voting 
  instrument                 date (xiii)       Conversion Period           rights that may                 rights 
                                               (xiv)                       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 financial   Exercise          Expiration     Exercise/    Number of voting                 % of voting rights 
  instrument          price             date (xvii)   Conversion    rights instrument                (xix, xx) 
                                                      period        refers to 
                                                      (xviii) 
------------------  ----------------  -------------  -----------  -------------------------------  ------------------------ 
                                                                                                    Nominal        Delta 
------------------  ----------------  -------------  -----------  -------------------------------  -------------  --------- 
 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  --------------------------------------------------------- 
 5,771,603                                                         5.1157% 
----------------------------------------------------------------  --------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
--------------------------------------------------------------------------------- 
  5,742,074 of these shares are held for unit trusts operated by Marlborough 
   Fund Managers Ltd, for whom Hargreave Hale Ltd manages the investments 
   on a discretionary basis. The remaining balance is 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: 
----------------------------------------------------  --------------------------- 
 
 
  13. Additional information: 
-----------------------------------------  -------------------------------------- 
 14. Contact name:                          David Clueit 
-----------------------------------------  -------------------------------------- 
 15. Contact telephone number:              01253 754739 
-----------------------------------------  -------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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