Microsaic Systems plc Holding(s) in Company (7422J)

TIDMMSYS TIDM88DB

RNS Number : 7422J

Microsaic Systems plc

13 September 2016

 
 For filings with the FCA include the annex 
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 For filings with issuer exclude the annex 
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 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
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 1. Identity of the issuer or                                             Microsaic Group 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): 
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 An acquisition or disposal of voting rights                                                            X 
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 An acquisition or disposal of qualifying financial                                                     X 
  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                                                         X 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------------------------------------------------- 
 An event changing the breakdown of voting rights                                                       X 
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 Other (please                                               Private placing to Issued share Capital    Y 
  specify):                                                  position of 108,000,000 
----------------------------------------------------------  ----------------------------------------- 
 3. Full name of person(s)                                               Royal Bank of Canada 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  -------------------------------------------- 
 4. Full name of shareholder(s)                                          Roy Nominees Limited 
  (if different from 3.):(iv) 
-----------------------------------------------------------  -------------------------------------------- 
 5. Date of the transaction                                                13 September 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  -------------------------------------------- 
 6. Date on which issuer                                                   13 September 2016 
  notified: 
-----------------------------------------------------------  -------------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                           3% to 1% 
-----------------------------------------------------------  -------------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------ 
 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          Direct        Indirect      Direct     Indirect 
                                                                       (xi)          (xii) 
-------------      ------------      ------------    --------------  ------------  ------------  ---------  ------------ 
 GB00B547ZY09 
 Ordinary 
 shares           2,254,170         2,254,170                                       2,254,170                1.24% 
                 ----------------  ----------------  --------------  ------------  ------------  ---------  ------------ 
 
 
 B: Qualifying Financial Instruments 
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 Resulting situation after the triggering transaction 
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 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. 
-----------------  ----------------  ------------------------------  ----------------------------  --------------------- 
 N/A                N/A               N/A                             N/A                           N/A 
-----------------  ----------------  ------------------------------  ----------------------------  --------------------- 
 
 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         % of voting 
 financial      price             date              Conversion      voting             rights (xix, 
 instrument                       (xvii)            period          rights             xx) 
                                                    (xviii)         instrument 
                                                                    refers to 
-------------  ----------------  ----------------  --------------  ----------------  ----------------------------------- 
 N/A            N/A               N/A               N/A                               Nominal                Delta 
-------------  ----------------  ----------------  --------------                    ---------------------  ------------ 
                                                                          N/A 
-------------      ------------      ------------    ------------  ----------------  ---------------------  ------------ 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                            Percentage of voting rights 
-----------------------------------------------------------------  ----------------------------------------------------- 
 2,254,170                                                          1.24% 
-----------------------------------------------------------------  ----------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------------------------------- 
 Roy Nominees is the nominee company for RBC Trustees 
  (CI) Limited and RBC Trust Company (International) limited 
  which are wholly owned indirect subsidaries of the Royal 
  Bank of Canada. 
  Please be advised that a TR-1 disclosure was made on 
  behalf of Nigel Wray and his family's interests on 13 
  September 2016 which included the above in-direct position 
  held. As the above indirect position has now fallen 
  below the 3% reportable position due to the Private 
  placement this has triggered the required filing 
  The overall Nigel Wray beneficial interest and indirect 
  interest held in shares of Microsaic Systems Plc still 
  remain above 4% as per the previous filing made on 13 
  September 2016. 
 
 Proxy Voting: 
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 10. Name of the proxy holder:                                             N/A 
-------------------------------------------------------  -------------------------------------- 
 11. Number of voting rights proxy                                         N/A 
  holder will cease 
  to hold: 

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 12. Date on which proxy holder will                                       N/A 
  cease to hold 
  voting rights: 
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  13. Additional information:                                   Figures are based on total 
                                                            number of voting rights 181,365,146 
-------------------------------------------------------  -------------------------------------- 
 14. Contact name: 
                                                              Graham Horsnell / Scott Roberts 
-------------------------------------------------------  -------------------------------------- 
 
 15. Contact telephone number:                                    [phone] / 602971 
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This information is provided by RNS

The company news service from the London Stock Exchange

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September 13, 2016 11:46 ET (15:46 GMT)