Xeros Technology Group plc Holding(s) in Company (4814F)

TIDMXSG TIDMIPO

RNS Number : 4814F

Xeros Technology Group plc

18 May 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
--------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                         XEROS TECHNOLOGY GROUP 
  the underlying 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                                      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)                                                IP Group plc 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  -------------------------------------- 
 4. Full name of shareholder(s)                                           See section 9 
  (if different from 3.):(iv) 
-----------------------------------------------------------  -------------------------------------- 
 5. Date of the transaction                                                15 May 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  -------------------------------------- 
 6. Date on which issuer                                                   16 May 2017 
  notified: 
-----------------------------------------------------------  -------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or                                                        Direct interests: unchanged 
  reached: (vi, vii)                                              Indirect interests: 7% crossed 
                                                                   Combined direct and indirect 
                                                                      interests: 19% crossed 
-----------------------------------------------------------  -------------------------------------- 
 
 
 
 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 
                                                                                (xi)          (xii) 
-------------      ---------  -----------      ------------      -----------  ------------  --------------  ---------  --------- 
 Ordinary 
 0.15p Shares   16,363,058                  16,363,058        15,849,106       9,874,240     5,974,866       11.23%     6.80% 
               --------------------------  ----------------  ---------------  ------------  --------------  ---------  --------- 
 GB00BJFLLV84 
-------------      ---------  -----------      ------------      -----------    ----------      ----------    -------  --------- 
 
 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 
-------------------------------------------------------------  ----------------------------------------------------------------- 
 
   15,849,106                                                   18.03% 
-------------------------------------------------------------  ----------------------------------------------------------------- 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------------------------------------------------------------------- 
 
   Direct interests: 
 
   IP Assist Services Limited: 5,928,000 
   IP2IPO Limited: 3,946,240 
 
   IP Assist Services Limited, formerly known as Techtran 
   Group Limited, is a 100% owned subsidiary of IP Group 
   plc. IP2IPO Limited is a 100% owned subsidiary of IP 
   Group plc. 
 
   Indirect interests: 
 
   IP Venture Fund: 4,327,564 
   Share Nominees Limited: 1,555,303 
   Reyker Nominees Limited: 91,999 
 
   IP Venture Fund is a limited partnership fund that is 
   managed by Top Technology Ventures Limited, a 100% subsidiary 
   of IP Group plc. 
 
   Share Nominees Limited and Reyker Nominees Limited (the 
   "Nominees") are the legal nominees for shares owned 
   by investors in certain Parkwalk Advisors Limited ("Parkwalk") 
   EIS funds. Parkwalk has the discretion to instruct the 
   Nominees to exercise the voting and other rights attaching 
   to such shares. Parkwalk is a 100%-owned subsidiary 
   of IP Group plc following its acquisition on February 
   1 February 2017. 
 
 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:                                    Based on 87,902,127 Ordinary 
                                                                 Shares in issue 
 
                                                                 9 February 2017 notification 
                                                                 based on 86,021,911 Ordinary 
                                                                 Shares in issue 
-------------------------------------------------------------  ----------------------------------------------------------------- 
 14. Contact name:                                                                         Greg Smith 
-------------------------------------------------------------  ----------------------------------------------------------------- 
 15. Contact telephone number:                                                           020 7444 0050 
-------------------------------------------------------------  ----------------------------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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May 18, 2017 02:30 ET (06:30 GMT)