Satellite Solutions Wldwide Grp PLC Holding(s) in Company (4910T)

TIDMSAT

RNS Number : 4910T

Satellite Solutions Wldwide Grp PLC

06 January 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                    Satellite Solutions Worldwide 
  the underlying issuer                                                     Group Plc 
  of existing shares to which 
  voting rights are 
  attached: 
------------------------------------------------------------  ----------------------------------- 
 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 
---------------------------------------------------------------  -------------------------------- 
 Other (please 
  specify): 
--------------------------------------------------------  -----  -------------------------------- 
 3. Full name of person(s)                                        Legal & General Group Plc 
  subject to the                                                             (L&G) 
  notification obligation: 
----------------------------------------------------------  ------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):                                          Legal & General Assurance 
                                                                 Society Limited (LGAS & LGPL) 
----------------------------------------------------------  ------------------------------------- 
                                                                       04 January 2017 
   5. Date of the transaction 
   and date on 
   which the threshold is 
   crossed or 
   reached: 
----------------------------------------------------------  ------------------------------------- 
 6. Date on which issuer                                               05 January 2017 
  notified: 
----------------------------------------------------------  ------------------------------------- 
 7. Threshold(s) that is/are                                         L&G (From 4% to 3%) 
  crossed or 
  reached: 
----------------------------------------------------------  ------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------------------------------- 
 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 of voting            % of voting 
                     of                       of                                           rights                    rights 
                   Shares                   Voting 
                                            Rights 
------------  ----------------  ------------------------------                  ---------------------------  --------------------- 
                                                                    Number          Direct        Indirect     Direct    Indirect 
                                                                   of shares 
------------      ------------      ------------  ------------  --------------  --------------  -----------  ---------  ---------- 
 
 
 GBP 0.01                         22,000,000                       21,000,000      21,000,000        -         3.91%         - 
------------  ------------------------------------------------  --------------  --------------  -----------  ---------  ---------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------------- 
                                                                                   Number of voting 
  Type of            Expiration        Exercise/                                    rights that                   % of voting 
  financial          date              Conversion                                   may be                        rights 
  instrument                           Period                                       acquired if 
                                                                                    the 
                                                                                    instrument 
                                                                                    is 
                                                                                    exercised/ 
                                                                                    converted. 
----------------  ----------------  --------------------------------------------  ---------------------------  ------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------------- 
 
  Type of          Exercise         Expiration       Exercise/       Number of voting                % of voting 
  financial        price            date             Conversion      rights instrument               rights 
  instrument                                         period          refers to 
--------------  ----------------  --------------  --------------  ------------------------------  -------------------------------- 
                                                                                                         Nominal           Delta 
--------------  ----------------  --------------  --------------  ------------------------------  --------------------  ---------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  ---------------------------------------------------------------- 
 
                            21,000,000                                                          3.91% 
----------------------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
-------------------------------------------------------------------------------------------------------------------- 
                                                                               Legal & General Group Plc (Direct and 
                                                                                 Indirect) (Group) (Below 5% = Total 
                                                                                                           Position) 
                                                                               Legal & General Investment Management 
                                                                              (Holdings) Limited (LGIMH) (Direct and 
                                                                                                    Indirect) (Below 
                                                                                                5% = Total Position) 
                                                                               Legal & General Investment Management 
                                                                         Limited (Indirect) (LGIM) (Below 5% = Total 
                                                                                                           Position) 
                                                                               Legal & General (Unit Trust Managers) 
                                                                                                             Limited 
                                     Legal & General Group Plc (Direct) (L&G) ( 21,000,000 - 3.91%=LGAS, LGPL & PMC) 
                              Legal & General Investment Management       Legal & General Insurance Holdings Limited 
                                           (Holdings) Limited (Direct) (LGIMHD)        (Direct) (LGIH) (LGAS & LGPL) 
                                                                                                               (PMC) 

                               Legal & General Assurance (Pensions         Legal & General Assurance Society Limited 
                                             Management) Limited (PMC) (PMC)             (LGAS & LGPL) (LGAS & LGPL) 
                                                                           Legal & General Pensions Limited (Direct) 
                                                                                                              (LGPL) 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                                                  N/A 
-----------------------------------------------------------------------------  ------------------------------------- 
 11. Number of voting rights proxy                                                              N/A 
  holder will cease 
  to hold: 
-----------------------------------------------------------------------------  ------------------------------------- 
 12. Date on which proxy holder will                                                            N/A 
  cease to hold 
  voting rights: 
-----------------------------------------------------------------------------  ------------------------------------- 
 
                                                                                    Notification using the total 
  13. Additional information:                                                    voting rights figure of 536,175,719 
-----------------------------------------------------------------------------  ------------------------------------- 
 14. Contact name:                                                                     Victoria Davies (LGIM) 
-----------------------------------------------------------------------------  ------------------------------------- 
 15. Contact telephone number:                                                             029 2035 4147 
-----------------------------------------------------------------------------  ------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 06, 2017 02:00 ET (07:00 GMT)