Sportech PLC Holding(s) in Company (1941C)

TIDMSPO

RNS Number : 1941C

Sportech PLC

11 April 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                        Sportech 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)                                    Highvern Trustees Limited 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  --------------------------- 
 4. Full name of shareholder(s)                                     Sulby Limited 
  (if different from 3.):(iv) 
-----------------------------------------------------------  --------------------------- 
 5. Date of the transaction                                           10/04/2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------- 
 6. Date on which issuer                                              11/4/20717 
  notified: 
-----------------------------------------------------------  --------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                    15.64% 
-----------------------------------------------------------  --------------------------- 
 
 
 
 
   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 
                 of               of                of shares      rights                        rights (x) 
                 Shares           Voting 
                                  Rights 
-------------  ---------------  ----------------  -------------  ----------------------------  ----------------------- 
                                                   Direct         Direct       Indirect         Direct     Indirect 
                                                                   (xi)         (xii) 
-------------      -----------    ------------    -------------  -----------  ---------------  ---------  ------------ 
 Ord GBP 
  0.50          29,276,274       0                                             29,026,274                  15.64% 
               ---------------  ----------------  -------------  -----------  ---------------  ---------  ------------ 
 GB00B28ZPV64 
-------------      -----------    ------------    -----------    -----------      -----------    -------  ------------ 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration     Exercise/                      Number of        % of voting 
 financial           date           Conversion                    voting            rights 
 instrument          (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 rights 
  financial        price         date            Conversion     voting            (xix, xx) 
  instrument                     (xvii)          period         rights 
                                                 (xviii)        instrument 
                                                                refers to 
---------------  -------------  --------------  -------------  ---------------  -------------------------------------- 
                                                                                 Nominal          Delta 
---------------  -------------  --------------  -------------  ---------------  ---------------  --------------------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ------------------------------------------------------- 
 29,026,274                                                     15.64% 
-------------------------------------------------------------  ------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------------------------- 
 
   Highvern Trustees Limited (15.64%) 
   Sulby Limited (15.64%) 
 
 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: 
-------------------------------------------------------------  ------------------------------------ 
 
                                                                Highvern Trustees Limited, 
  13. Additional information:                                   (formerly Coutts & Co Trustees 
                                                                (Jersey) Limited), owned 
                                                                by MNM Holdings Limited, 
                                                                in its capacity as trustee 
                                                                of a settlement, indirectly 
                                                                held 29,276,274 ordinary 
                                                                shares in Sportech Plc which 
                                                                are held directly by Sulby 
                                                                Limited, an undertaking controlled 
                                                                by Highvern. Newby Manor 
                                                                Ltd (a company ultimately 
                                                                owned by the family interests 
                                                                of Mr Trevor Hemmings) continues 
                                                                to have a notifiable interest 
                                                                in these shares under DTR 
                                                                5.3(1) (b) (holdings of financial 
                                                                instruments with similar 
                                                                economic effecty to Qualifying 
                                                                Financial Instruments). This 

                                                                holding has decreased due 
                                                                to a sale of 250,000 shares. 
 
                                                                This Notification is based 
                                                                upon the Voting Rights figure 
                                                                of 185,614,244 obtained from 
                                                                your regulatory announcement 
                                                                dated 31(st) March 2017 following 
                                                                the Tender Offer. 
-------------------------------------------------------------  ------------------------------------ 
 14. Contact name:                                              Fiona Whitehead 
-------------------------------------------------------------  ------------------------------------ 
 15. Contact telephone number:                                  01534 282523 
-------------------------------------------------------------  ------------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 11, 2017 05:26 ET (09:26 GMT)