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SAT Sat Sol World

8.60
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sat Sol World LSE:SAT London Ordinary Share GB00BT6SRD21 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.60 8.50 8.70 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Satellite Solutions Wldwide Grp PLC Holding(s) in Company (3642I)

16/06/2017 2:37pm

UK Regulatory


TIDMSAT

RNS Number : 3642I

Satellite Solutions Wldwide Grp PLC

16 June 2017

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying             Satellite Solutions Worldwide Group 
  issuer                                                                 plc 
  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                                             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) subject           Harwood Capital LLP (as investment 
  to the                                      adviser/manager) and Oryx International 
  notification obligation: (iii)              Growth Fund Limited and Harwood Capital 
                                              LLP 
------------------------------------------  -------------------------------------------------- 
 4. Full name of shareholder(s) (if 
  different from 3.):(iv)                         1. Oryx International Growth Fund Limited 
 
                                                           2. Harwood Capital LLP 
------------------------------------------  -------------------------------------------------- 
 5. Date of the transaction and date                           15 June 2017 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
------------------------------------------  -------------------------------------------------- 
 6. Date on which issuer notified:                              16 June 2017 
------------------------------------------  -------------------------------------------------- 
 7. Threshold(s) that is/are crossed               Through 1%, 2% 3%, 4%, 5%, 6%,7%, 8%, 
  or                                                             9% and 10% 
  reached: (vi, vii) 
------------------------------------------  -------------------------------------------------- 
 
 
 
 8. Notified details: 
-------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
-------------------------------------------------------------------------------------------------------------------------- 
 Class/type      Situation previous                  Resulting situation after the triggering 
 of               to the triggering                   transaction 
 shares           transaction 
 
 if possible 
 using 
 the ISIN CODE 
--------------  ----------------------------------  ---------------------------------------------------------------------- 
                 Number          Number              Number         Number of voting          % of voting rights 
                  of              of                  of shares      rights                    (x) 
                  Shares          Voting 
                                  Rights 
--------------  --------------  ------------------  -------------  ------------------------  ----------------------------- 
                                                     Direct         Direct         Indirect   Direct          Indirect 
                                                                     (xi)           (xii) 
--------------    ---  -------  ------  -----  ---  -------------  -------------  ---------  --------------  ------------- 
 
  GB00BT6SRD21 
 
  Holder 1 
                                ------              -----------    ----           ---------                  ------------- 
                 4,500,000       4,500,000           56,250,000     56,250,000                10.49% 
 
 Holder 2         0               0                   750,000        750,000                   0.14% 
--------------  --------------  ------------------  -------------  -------------  ---------  --------------     ---------- 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------- 
 Type of financial      Expiration       Exercise/                        Number of voting              % of voting 
  instrument             date (xiii)      Conversion Period                rights that may               rights 
                                          (xiv)                            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 rights 
 financial          price         date (xvii)    Conversion          rights instrument             (xix, xx) 
 instrument                                      period              refers to 
                                                 (xviii) 
----------------  ------------  -------------  ------------------  ----------------------------  ------------------------- 
                                                                                                  Nominal        Delta 
----------------  ------------  -------------  ------------------  ----------------------------  -------------  ---------- 
 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                          Percentage of voting rights 
---------------------------------------------------------------  --------------------------------------------------------- 
 57,000,000                                                       10.63% 
---------------------------------------------------------------  --------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------- 
 
 
 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:                         Jane Muir 
----------------------------------------  -------------------------------------- 
 15. Contact telephone number:             0200 8819 6486 
----------------------------------------  -------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLFFMJTMBTBBPR

(END) Dow Jones Newswires

June 16, 2017 09:37 ET (13:37 GMT)

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