ITE Group PLC Holding(s) in Company (8423X)

TIDMITE

RNS Number : 8423X

ITE Group PLC

27 February 2017

 
                                              Email: [e-mail] 
 
 
--------------------  -----------  --------  -------------  ------------  ------------ 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                      ITE 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): 
-------------------------------------------------------------------------------------- 
 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)          Neptune Investment Management 
  subject to the                     Limited 
  notification obligation: 
  (iii) 
---------------------------------  --------------------------------------------------- 
 4. Full name of shareholder(s)     N/A 
  (if different from 3.):(iv) 
---------------------------------  --------------------------------------------------- 
 5. Date of the transaction         23/02/17 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------  --------------------------------------------------- 
 6. Date on which issuer            24/02/17 
  notified: 
---------------------------------  --------------------------------------------------- 
 7. Threshold(s) that is/are        Exceeding 10% 
  crossed or 
  reached: (vi, vii) 
---------------------------------  --------------------------------------------------- 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
----------------------------------------------------------------------------------------------------------------------------- 
 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) 
--------------      -----------      -----------  ------------  ----------  -----------  ---------  ------------  ----------- 
 
                 26 583           26 583                         26 626       26 626 
  GB0002520509    238              238                            456         456         N/A        10.01%        N/A 
--------------  ---------------  -----------------------------  ----------  -----------  ---------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration       Exercise/                                Number of voting          % of voting 
  instrument          date             Conversion                               rights that               rights 
                      (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 voting          % of voting 
 financial          price           date            Conversion                rights instrument         rights (xix, 
 instrument                         (xvii)          period                    refers to                 xx) 
                                                    (xviii) 
----------------  ---------------  -------------  ------------------------  ------------------------  ----------------------- 
 n/a               n/a              n/a            n/a                                                 Nominal       Delta 
----------------  ---------------  -------------  ------------------------                            ------------  --------- 
                                                                             n/a                       n/a           n/a 
--------------      -----------      -----------  ------------    --------  ------------------------  ------------  --------- 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  ----------------------------------------------------------- 
 
   26 626 456                                                      10.01% 
----------------------------------------------------------------  ----------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------- 
 
   n/a 
 
 Proxy Voting: 
------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                        n/a 
-------------------------------------------------------  ---------------- 
 11. Number of voting rights proxy                                    n/a 
  holder will cease 
  to hold: 
-------------------------------------------------------  ---------------- 
 12. Date on which proxy holder will                                  n/a 
  cease to hold 
  voting rights: 
-------------------------------------------------------  ---------------- 
 
 
  13. Additional information:                                         n/a 
-------------------------------------------------------  ---------------- 
 14. Contact name:                                        Hannah Duncombe 
-------------------------------------------------------  ---------------- 
 15. Contact telephone number:                              020 3249 0198 
-------------------------------------------------------  ---------------- 
 
 
 
 For further information, 
  please contact: 
 Full name:                  Anneka Milham 
 Contact Address:            ITE Group plc 
                              105 Salusbury Road, London. 
                              NW6 6RG 
 Phone Number:               020 7596 5139 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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February 27, 2017 02:01 ET (07:01 GMT)