Notification of Major Interest in Shares (1836D)

TIDMBRST

RNS Number : 1836D

Burst Media Corporation

18 March 2011

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the            BURST MEDIA CORPORATION 
 underlying issuer of existing shares to 
 which voting rights are attached: 
------------------------------------------  ---------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
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 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 
  specify): 
----------------  ---------------------------------------------------  ------- 
 3. Full name of person(s) subject     BROOKWELL LIMITED 
  to the 
  notification obligation: 
------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s)        NORTRUST NOMINEES LIMITED 
  (if different from 3.): 
------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date   17 MARCH 2011 
  on 
  which the threshold is crossed or 
  reached: 
------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:     17 MARCH 2011 
------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed   >5% 
  or 
  reached: 
------------------------------------  ---------------------------------------- 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
----------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous 
  of             to the triggering                 Resulting situation after the triggering 
  shares         transaction                        transaction 
-------------  ---------------------------------  --------------------------------------------------------------------- 
                               Number 
                Number          of 
                 of             Voting             Number        Number of voting 
                 Shares         Rights              of shares     rights                   % of voting rights 
-------------  -------------  ------------------  ------------  ------------------------  ----------------------------- 
                                                   Direct        Direct         Indirect   Direct         Indirect 
-------------    ----  -----  ------  -----  ---  ------------  -------------  ---------  -------------  -------------- 
 COMMON 
 SHARES 
 USU122051076   Nil            Nil                 4,148,013     4,148,013                 5.79% 
-------------  -------------  ------------------  ------------  -------------  ---------  -------------  -------------- 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------- 
                                                                       Number of voting 
                                                                        rights that may 
                                                                        be 
                                                                        acquired if the 
 Type of financial      Expiration     Exercise/                        instrument is               % of voting 
  instrument             date           Conversion Period               exercised/ converted         rights 
---------------------  -------------  ------------------------------  ---------------------------  -------------------- 
 n/a 
---------------------  -------------  ------------------------------  ---------------------------  -------------------- 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
----------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------- 
 Type of                                      Exercise/          Number of voting 
 financial        Exercise     Expiration      Conversion         rights instrument 
 instrument        price        date           period             refers to                    % of voting rights 
---------------  -----------  -------------  -----------------  ----------------------------  ------------------------- 
 n/a                                                                                           Nominal       Delta 
---------------  -----------  -------------  -----------------  ----------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                       Percentage of voting rights 
------------------------------------------------------------  --------------------------------------------------------- 
 4,148,013                                                     5.79% 
------------------------------------------------------------  --------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
------------------------------------------------------------------------------ 
 n/a 
 
 Proxy Voting: 
------------------------------------------------------------------------------ 
 10. Name of the proxy holder:                      n/a 
-------------------------------------------------  --------------------------- 
 11. Number of voting rights proxy holder will 
  cease 
  to hold:                                          n/a 
-------------------------------------------------  --------------------------- 
 12. Date on which proxy holder will cease to 
  hold 
  voting rights:                                    n/a 
-------------------------------------------------  --------------------------- 
 
                                         Progressive AIM Realisation Limited 
                                          is Investment Manager to Brookwell 
 13. Additional information:              Limited. 
--------------------------------------  -------------------------------------- 
 14. Contact name:                       Anthony Lee 
--------------------------------------  -------------------------------------- 
 15. Contact telephone number:           020 7490 4355 
--------------------------------------  -------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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