Dialight PLC Holding(s) in Company (8396R)

TIDMDIA

RNS Number : 8396R

Dialight PLC

14 December 2016

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):

Dialight plc

2. Reason for the notification:

An event changing the breakdown of voting rights - see box 9

3. Full name of person(s) subject to the notification obligation:

Sterling Strategic Value Limited (to be renamed Sterling Strategic Value Fund S.A. with effect from 1 January 2017)

4. Full name of shareholder(s) (if different from 3.):

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

12 December 2016

6. Date on which issuer notified:

13 December 2016

7. Threshold(s) that is/are crossed or reached:

Voting rights of Sterling Strategic Value Limited - below 3%

8. Notified details:

A: Voting rights attached to shares

 
 Class/type       Situation                 Resulting situation after 
  of shares        previous to               the triggering transaction. 
                   the Triggering 
                   transaction 
---------------  ------------------------  ---------------------------------------------------- 
                  Number       Number       Number       Number of            % of voting 
                   of shares    of voting    of shares    voting rights        rights 
                                rights 
---------------  -----------  -----------  -----------  -------------------  ------------------ 
                                            Indirect     Direct    Indirect   Direct   Indirect 
---------------  -----------  -----------  -----------  --------  ---------  -------  --------- 
    Ordinary 
     shares                                                                    Below 
  GB0033057794      710,000    710,000      702,750      702,750                 3% 
---------------  -----------  -----------  -----------  --------  ---------  -------  --------- 
 

B: Financial Instruments

 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------- 
 Type            Expiration   Exercise/Conversion   Number of                 % of voting 
  of financial    date         Period/Date           voting rights             rights 
  instrument                                         that may be 
                                                     acquired if 
                                                     the instrument 
                                                     is exercised/converted 
--------------  -----------  --------------------  ------------------------  ------------ 
 
 

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

 
 Type            Exercise   Expiration   Exercise/Conversion   Number        % of voting 
  of financial    Price      Date         Period/Date           of Voting     rights 
  instrument                                                    Rights 
                                                                Instrument 
                                                                Refers 
                                                                to 
--------------  ---------  -----------  --------------------  ------------  ---------------- 
                                                                             Nominal   Delta 
--------------  ---------  -----------  --------------------  ------------  --------  ------ 
 
 

Total (A+B+C)

 
 Number of voting rights   % of voting rights 
------------------------  ------------------- 
 702,750                   Below 3% 
------------------------  ------------------- 
 

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Until 12 December 2016, Gritlot Limited controlled the majority of voting rights of Sterling Strategic Value Limited.

Dr. Tito Tettamanti controls 100% of the voting rights of Gritlot Limited.

With effect from 12 December 2016 Gritlot Limited ceased to be a controlling shareholder of Sterling Strategic Value

Limited. Therefore, with effect from 12 December 2016, neither Dr. Tito Tettamanti nor Gritlot Limited has a notifiable

indirect interest in Dialight Plc.

10. Name of the proxy holder:

11. Number of voting rights proxy holder will acquire:

12. Date on which proxy holder will acquire voting rights:

13. Additional information:

This disclosure has been calculated based on issued share capital amount of 32,504,066

14. Contact name:

Fabien Tardito - +337.93.10.61.40

Dialight plc - Chris Fussell (020 3058 3546)

Date: 14 December 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 14, 2016 05:58 ET (10:58 GMT)