Nasstar PLC Holding(s) in Company (0373B)

TIDMNASA

RNS Number : 0373B

Nasstar PLC

30 March 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 Close Brothers Asset Management Limited that it has a total direct and indirect interest in 29,541,019 ordinary shares of 1p each in the Company, equivalent to 5.1% 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 
  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)                                       Close Asset Management Limited 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ---------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ---------------------------------- 
 5. Date of the transaction                                                          29/03/2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ---------------------------------- 
 6. Date on which issuer                                                             30/03/2017 
  notified: 
-----------------------------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                         5% 
-----------------------------------------------------------  ---------------------------------- 
 
 
 
 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) 
--------------      -----------    -----------    -------------  -------------  -----------  ------------  ----------- 
 
  NASSTAR 
  ORD GBP0.01 
  - 
  GB00B0T1S097   26,877,743       26,877,743       29,541,019     29,541,019                  5.1% 
                ---------------  ---------------  -------------  -------------  -----------  ------------  ----------- 
 
 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. 
------------------  -------------  ------------------------------  ----------------------------  --------------------- 
 
 
 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 
--------------------------------------------------  ------------------------------------------------------------------ 
 29,541,019                                          5.1% 
--------------------------------------------------  ------------------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------------------------------------- 
 
   Close Asset Management Limited 
 
 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: 
-------------------------------------------------------------  ----------------------------------- 
 
                                                                On 29(th) March 2017, Close 
  13. Additional information:                                   Brothers Asset Management 
                                                                bought 2,663,276 shares in 
                                                                Nasstar Ord GBP0.01. This 
                                                                brought our shareholding 
                                                                to 29,541,019 and 5.1% of 
                                                                the shares in issue. 
 
                                                                This is based on the shares 
                                                                in issue figure of 579,542,287 
                                                                as at 30(th) March 2017. 
 
                                                                This is the required notification 
                                                                that the holding has crossed 
                                                                5% of the shares in issue. 
-------------------------------------------------------------  ----------------------------------- 
 14. Contact name:                                                                   Ciara Elliott 
-------------------------------------------------------------  ----------------------------------- 

 15. Contact telephone number:                                                       020 7426 4124 
-------------------------------------------------------------  ----------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 30, 2017 06:49 ET (10:49 GMT)