Nasstar PLC Holding(s) in Company (9579I)

TIDMNASA

RNS Number : 9579I

Nasstar PLC

05 September 2016

Nasstar plc

("Nasstar" or the "Company")

Holdings in Company

Nasstar plc (AIM: NASA), a provider of hosted managed and cloud computing services, has received notification from Hargreave Hale Limited that it has a total direct and indirect interest in 62,978,161 ordinary shares of 1p each in the Company, equivalent to 10.87% of Nasstar's total issued share capital. The full notification is provided below.

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                        NASSTAR 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 
---------------------------------------------------------------  ----------------------- 
 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                           x 
---------------------------------------------------------------  ----------------------- 
 Other (please 
  specify): 
----------------------------------------------------------  ---  ----------------------- 
 3. Full name of person(s)                                      HARGREAVE HALE LIMITED 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  --------------------------- 
 4. Full name of shareholder(s)                                 DISCRETIONARY CLIENTS 
  (if different from 3.):(iv) 
-----------------------------------------------------------  --------------------------- 
 5. Date of the transaction                                       02 SEPTEMBER 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------- 
 6. Date on which issuer                                          05 SEPTEMBER 2016 
  notified: 
-----------------------------------------------------------  --------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                     11% 
-----------------------------------------------------------  --------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation                          Resulting situation after the triggering 
  of             previous                           transaction 
  shares         to the triggering 
                 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         Indirect         Direct     Indirect       Direct    Indirect 
                                                                                    (xi)       (xii) 
-------------      -----------      ------------  -------------  ---------------  ---------  -------------  --------  --------- 
 GB00B0T1S097   62,978,161       62,978,161                       62,978,161                  62,978,161               10.8669% 
               ---------------  ----------------  -------------  ---------------  ---------  -------------  --------  --------- 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------- 
 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. 
-----------------  ---------------  -------------------------------  -------------------------------------  ------------------- 
 
 
 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) 
---------------  ---------------  ----------------  -------------  --------------------------  -------------------------------- 
                                                                                                Nominal                Delta 
---------------  ---------------  ----------------  -------------  --------------------------  ---------------------  --------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                            Percentage of voting rights 
-----------------------------------------------------------------  ------------------------------------------------------------ 
 
   62,978,161                                                       10.8669% 
-----------------------------------------------------------------  ------------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------------------------------------- 
 All of these shares are held in unit trusts operated 
  by Marlborough Fund Managers Ltd, for whom Hargreave 
  Hale Ltd manages the portfolio of investments on a discretionary 
  basis. 
 
 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: 
-------------------------------------------------------------------  ------------------------------------- 
 
                                                                      The change in the percentage 
  13. Additional information:                                         of shares held is entirely 
                                                                      due to the recent issue of 
                                                                      shares by Nasstar Plc, which 
                                                                      were admitted to AIM on 02/09/2016. 
-------------------------------------------------------------------  ------------------------------------- 
 14. Contact name:                                                    David Clueit, 
                                                                       Hargreave Hale Ltd 
-------------------------------------------------------------------  ------------------------------------- 
 15. Contact telephone number:                                        01253 754739 
-------------------------------------------------------------------  ------------------------------------- 
 
 

The company news service from the London Stock Exchange

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September 05, 2016 06:40 ET (10:40 GMT)