Nasstar PLC Holding(s) in Company (6418V)

TIDMNASA

RNS Number : 6418V

Nasstar PLC

31 January 2017

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 Kestrel Partners LLP that it has a total direct and indirect interest in 139,061,863 ordinary shares of 1p each in the Company, equivalent to 24% 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                                Yes 
----------------------------------------------------------  ----------------------------------- 
 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                           Yes 
----------------------------------------------------------  ----------------------------------- 
 Other (please 
  specify): 
--------------------------------------------------------    ----------------------------------- 
 3. Full name of person(s)                                                 Kestrel Partners LLP 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ------------------------------------ 
 4. Full name of shareholder(s)                             Kestrel Opportunities, a cell 
  (if different from 3.):(iv)                                of Guernsey Portfolios PCC 
                                                             Ltd (through BNY Mellon Nominees 
                                                             Limited) and various other 
                                                             clients of Kestrel Partners 
                                                             LLP (through JIM Nominees 
                                                             Ltd and Bank of New York Nominees 
                                                             Limited) 
---------------------------------------------------------  ------------------------------------ 
 5. Date of the transaction                                                     27 January 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ------------------------------------ 
 6. Date on which issuer                                                        31 January 2017 
  notified: 
---------------------------------------------------------  ------------------------------------ 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                        24% 
---------------------------------------------------------  ------------------------------------ 
 
 
 
 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 voting         % of voting 
                 of                          of               of          rights                   rights (x) 
                 Shares                      Voting           shares 
                                             Rights 
-------------  --------------------------  ----------------  ---------  -----------------------  ------------------------- 
                                                              Direct     Direct     Indirect      Direct        Indirect 
                                                                         (xi)        (xii) 
-------------      ---------  -----------      ------------  ---------  ---------  ------------  ------------  ----------- 
 Ordinary 
 Shares of 
 1p each 
 ISIN 
 GB00B0T1S097   138,411,863                 138,411,863       n/a        n/a        139,061,863   n/a           24% 
               --------------------------  ----------------  ---------  ---------  ------------  ------------  ----------- 
 
 
 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. 
-----------------  ------------------------  ---------------------------  -------------------------  --------------------- 
 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                      n/a                        Nominal       Delta 
---------------  -----------  ---------------  -----------------------  -------------------------  ------------  --------- 
                                                                                                    n/a           n/a 
-------------      ---------  -----------      ------------    -------    -------  ------------    ------------  --------- 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ----------------------------------------------------------- 
 139,061,863                                                    24% 
-------------------------------------------------------------  ----------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------------------------- 
                                                Indirect - BNY Mellon Nominees Limited - 97,101,805 
                                                                    Shares. 16.76% of voting rights 
                                               Indirect - JIM Nominees Limited - 23,055,596 Shares. 
                                                                             3.98% of voting rights 
                                          Indirect - Bank of New York Nominees Limited - 18,904,462 
                                                                     Shares. 3.26% of voting rights 
 
 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: 
-------------------------------------------------------------  ------------------------------------ 
 
                                                                Disclosure based on Total 
  13. Additional information:                                   voting rights of 579,542,287. 
                                                                The indirect voting rights 
                                                                held under (9) relate to 
                                                                shares held in client portfolios 
                                                                managed by Kestrel Partners 
                                                                LLP under discretionary investment 
                                                                management agreements 
-------------------------------------------------------------  ------------------------------------ 
 14. Contact name:                                                                      Ian Forrest 
-------------------------------------------------------------  ------------------------------------ 
 15. Contact telephone number:                                                        0203 371 6100 
-------------------------------------------------------------  ------------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 31, 2017 11:11 ET (16:11 GMT)