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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Porta Communications Plc | LSE:PTCM | London | Ordinary Share | GB00B71C7K21 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.449 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMPTCM
RNS Number : 1824K
Porta Communications PLC
05 July 2017
Hot Features
Premium
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
(i)
1. Identity of the issuer or 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 Porta Communications Plc
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
---------------------------------------------------------------------------------------------------------
Other (please specify):
---------------------------------------------------------------------------------------------------------
3. Full name of person(s) subject to the
notification obligation: (iii)
---------------------------------------------------------------------------------------------------------
4. Full name Increase in issued share capital by X
of shareholder(s) issuer
(if different
from 3.):(iv)
------------------------------------------------------------- ------------------------------------------
5. Date of the transaction Morton PTC Limited as Trustee
and date on of the Morton Family Trust
which the threshold is (MFT), Hawk Investment Holdings
crossed or Limited (HIHL)Retro Grand
reached: (v) Limited (RGL), Seraffina Holdings
Limited (SHL), Groundlinks
Limited (GL) and Hawk Pension
Fund Limited (HPFL).
--------------------------------------------------------------- --------------------------------------------
6. Date on which issuer Hawk Investment Holdings Limited
notified:
--------------------------------------------------------------- --------------------------------------------
7. Threshold(s) that is/are 14 June 2017
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)
-------------- ----------- ------------ ---------------- ----------- ------------- --------- ----------
60,157,648 60,157,648
(HIHL) (HIHL) 17.86
18,326,389 18,326,389
(RGL) (RGL) 5.44
450,000 450,000
(SHL) (SHL) 0.13
6,750,000 6,750,000
(GL) (GL) 2.00
850,000 850,000
GB00B71C7K21 86,534,037 86,534,037 (HPFL) (HPFL) 0.25
--------------- ---------------- ---------------- ----------- ------------- --------- ----------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of % of voting
instrument date Conversion voting rights
(xiii) Period (xiv) rights that
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 % of voting
financial price date Conversion voting rights rights (xix,
instrument (xvii) period instrument xx)
(xviii) refers to
---------------- ------------- -------------- ---------------- --------------- ----------------------------------
Nominal Delta
---------------- ------------- -------------- ---------------- --------------- ------------- -------------------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------------- -----------------------------------------------------------------
86,534,037 25.69%
--------------------------------------------------- -----------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
--------------------------------------------------------------------------------------------------
HIHL holds 60,157,648 Porta Communications shares representing
17.86% of the voting rights. HIHL is owned by Morton
PTC Limited as Trustee of the MFT. The Board of Directors
of the Morton PTC are Albany Directors Limited, Mr Anthony
David Holt, Mr Robert Walter Morton and Mrs Susan Margaret
Howard Morton. The adult beneficiaries of the Morton
Family Trust are Susan Margaret Howard Morton, Andrew
Robert Morton, Edward George Morton, Charles Nicholas
Morton and Robert Walter Morton.
RGL holds 18,326,389 shares representing 5.44% of the
voting rights. The ultimate beneficiary of RGL is Edward
George Morton.
SHL holds 450,000 shares representing 0.13% of the voting
rights. The ultimate beneficiary of SHL is Charles Nicholas
Morton.
GL holds 6,750,000 shares representing 2.00% of the
voting rights. The ultimate beneficiary of GL is Andrew
Robert Morton.
HPFL holds 850,000 shares representing 0.25% of the
voting rights. The ultimate beneficiary of HPFL is Susan
Margaret Howard Morton.
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:
---------------------------------------------------------------- --------------------------------
13. Additional information: Albany Trustee Company Limited
---------------------------------------------------------------- --------------------------------
14. Contact name: Emma McIntosh
---------------------------------------------------------------- --------------------------------
15. Contact telephone number: 01481 724136
---------------------------------------------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLUVAKRBNABRRR
(END) Dow Jones Newswires
July 05, 2017 05:20 ET (09:20 GMT)
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