RedstoneConnect PLC Holding(s) in Company (1543F)

TIDMREDS

RNS Number : 1543F

RedstoneConnect PLC

15 May 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                   REDSTONECONNECT 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                        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                                         12 MAY 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------ 
 6. Date on which issuer                                            15 MAY 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       Indirect          Direct      Indirect        Direct   Indirect 
                                                                                  (xi)        (xii) 
-------------      -----------      -----------  -----------  ----------------  ----------  --------------  -------  ---------- 
 GB00B3CDXQ41                    79,121,141                    193,487,289                   193,487,289              9.3091% 
                                ---------------  -----------  ----------------  ----------  --------------  -------  ---------- 
                79,121,141 
-------------  ---------------      -----------  -----------      ------------  ----------    ------------  -------  ---------- 
 
 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 
------------------------------------------------------------  ----------------------------------------------------------------- 
 
   193,487,289                                                 9.3091% 
------------------------------------------------------------  ----------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------------ 
 184,616,148 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. The remaining shares are held 
  for other discretionary clients. 
 
 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 due entirely 
                                                                to participation in the placing 
                                                                by RedstoneConnect Plc, the 
                                                                shares from which were admitted 
                                                                to AIM on 12/05/2017. 
-------------------------------------------------------------  --------------------------------- 
 14. Contact name:                                              David Clueit 
                                                                 Hargreave Hale Ltd 
-------------------------------------------------------------  --------------------------------- 
 15. Contact telephone number:                                  01253 754739 
-------------------------------------------------------------  --------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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May 15, 2017 07:53 ET (11:53 GMT)