Vela Technologies PLC Holding(s) in Company (5296S)

TIDMVELA

RNS Number : 5296S

Vela Technologies PLC

21 December 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
---------------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                                                    Vela Technologies Plc 
  the underlying issuer 
  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                                                                         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                                                                     Change in Ownership of            X 
  specify):                                                                        Shareholder 
------------------------------------------------------  ---------------------------------------------------------- 
 3. Full name of person(s)                                                Arthur Leonard Robert Morton 
  subject to the                                                          (ALRM), Susan Margaret Howard 
  notification obligation:                                                  Morton (SMHM), Morton PTC 
                                                                            Limited as Trustee of the 
                                                                            Morton Family Trust (MFT) 
                                                                          and Groundlinks Limited (GL). 
--------------------------------------------------------  ------------------------------------------------------------ 
 4. Full name of shareholder(s)                                         Hawk Investment Holdings Limited 
  (if different from 3.): 
--------------------------------------------------------  ------------------------------------------------------------ 
 5. Date of the transaction                                               1(st) - 14(th) December 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
--------------------------------------------------------  ------------------------------------------------------------ 
 6. Date on which issuer                                                      21(st) December 2016 
  notified: 
--------------------------------------------------------  ------------------------------------------------------------ 
 7. Threshold(s) that is/are                                                    3% for ALRM only 
  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         Number of                 % of voting 
                   of                  of                   of shares      voting                    rights 
                   Shares              Voting                              rights 
                                       Rights 
---------------  ------------------  -------------------  -------------  ------------------------  --------------------------- 
                                                           Direct         Direct         Indirect   Direct          Indirect 
---------------  ----  ---  -------  -------  ----  ----  -------------  -------------  ---------  --------------  ----------- 
                  22,734,382          22,734,382                          18,734,700 
                                                                           (MFT) 
 
                                                                           3,999,682 
  GB00BYZ9XC29                                                              (GL) 
                 ------------------  -------------------  -------        -------------  ---------  --------------  ----------- 
                                                           18,734,700 
                                                            (MFT) 
 
                                                            3,999,682 
                                                             (GL) 
---------------  ----  ---  -------  -------  ----  ----  -------------  -----  ------  ---------  ---  ---  ----  ---  ------ 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------ 
 Type of financial           Expiration        Exercise/                         Number of voting             % of voting 
  instrument                  date              Conversion                        rights that                  rights 
                                                Period                            may be 
                                                                                  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 financial      Exercise      Expiration     Exercise/            Number of voting               % of voting 
  instrument             price         date           Conversion           rights instrument              rights 
                                                      period               refers to 
---------------------  ------------  -------------  -------------------  -----------------------------  ---------------------- 
                                                                                                         Nominal         Delta 
---------------------  ------------  -------------  -------------------  -----------------------------  --------------  ------ 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                            Percentage of voting rights 
-----------------------------------------------------------------  ----------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
------------------------------------------------------------------------------------------------ 
 Hawk Investment Holdings Limited (HIHL) continues to 
  hold 18,734,700 Vela Technologies Plc shares representing 
  2.6% of the voting rights. HIHL's ownership has transferred 
  from ALRM & SMHM to Morton PTC Limited as Trustee of 
  the MFT. The Board of Directors of the Morton PTC is 
  Albany Directors Limited, Mr Robert Walter Morton and 
  Mrs Susan Margaret Howard Morton. The beneficiaries 
  of the Morton Family Trust are Susan Margaret Howard 
  Morton, Andrew Robert Morton, Edward George Morton, 
  Charles Nicholas Morton and Robert Walter Morton. 
 
  Groundlinks Limited continues to hold 3,999,682 shares 
  representing 0.6% of the voting rights. The ultimate 
  beneficiary of GL is Andrew Robert 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:                                     Albany Trustee Company Limited 
--------------------------------------------------------------  -------------------------------- 
 14. Contact name:                                                                 Emma McIntosh 
--------------------------------------------------------------  -------------------------------- 
 15. Contact telephone number:                                                      01481 724136 
--------------------------------------------------------------  -------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 21, 2016 11:27 ET (16:27 GMT)