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PTCM Porta Communications Plc

0.449
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Porta Communications PLC TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (5086Y)

03/03/2017 2:15pm

UK Regulatory


TIDMPTCM

RNS Number : 5086Y

Porta Communications PLC

03 March 2017

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
--------------------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                                                      Porta Communications 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)                                                    Morton PTC Limited as Trustee 
  subject to the                                                                of the Morton Family Trust 
  notification obligation:                                                                (MFT) 
  (iii) 
-----------------------------------------------------------  -------------------------------------------------------------- 
 4. Full name of shareholder(s)                                             Hawk Investment Holdings Limited 
  (if different from 3.):(iv) 
-----------------------------------------------------------  -------------------------------------------------------------- 
 5. Date of the transaction                                                           02 March 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  -------------------------------------------------------------- 
 6. Date on which issuer                                                              03 March 2017 
  notified: 
-----------------------------------------------------------  -------------------------------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                    17%, 18% 
-----------------------------------------------------------  -------------------------------------------------------------- 
 
 
 
 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) 
---------------  -----------  -----------  -----------  -----------  -----------  --------  --------- 
 
 
   GB00B71C7K21   53,203,965   53,203,965                                          18.68% 
                 -----------  -----------                            -----------  --------  --------- 
                                            60,157,648   60,157,648 
---------------  -----------  -----------  -----------  -----------  -----------  --------  --------- 
 
 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 
 
  60,157,648                                 18.68% 
-----------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------------------- 
 Hawk Investment Holdings Limited (HIHL) is 100% owned 
  by Morton PTC Limited as Trustee of the Morton Family 
  Trust. 
 
  The Board of Directors of the Morton PTC is Albany Directors 
  Limited, Robert Walter Morton, Susan Margaret Howard 
  Morton and Anthony David Holt. 
 
  The principal beneficiaries of the Morton Family Trust 
  are Susan Margaret Howard Morton, Andrew Robert Morton, 
  Edward George Morton, Charles Nicholas Morton and Robert 
  Walter 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: 
---------------------------------------------------------------  ------------------ 
 14. Contact name:                                                Nicky Chippendale 
---------------------------------------------------------------  ------------------ 
 15. Contact telephone number:                                         01481 724136 
---------------------------------------------------------------  ------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLBSGDXXBGBGRX

(END) Dow Jones Newswires

March 03, 2017 09:15 ET (14:15 GMT)

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