Holding in Company (7821D)

TIDMBRST

RNS Number : 7821D

Burst Media Corporation

29 March 2011

 
 TR-1: Notifications of Major Interests in Shares 
------------------------------------------------- 
 
 
 1. Identity of the issuer or the              Burst Media Corp 
  underlying issuer of existing shares 
  to which voting rights are attached: 
--------------------------------------------  ---------------------------- 
 2. Reason for notification (yes/no) 
-------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                      Yes 
---------------------------------------------------------------  --------- 
 An acquisition or disposal of financial instruments              No 
  which may result in the acquisition of shares already 
  issued to which voting rights are attached 
---------------------------------------------------------------  --------- 
 An event changing the breakdown of voting rights                 No 
---------------------------------------------------------------  --------- 
 Other (please specify):______________                            N/A 
---------------------------------------------------------------  --------- 
 3. Full name of person(s) subject        Dalton Strategic Partnership 
  to notification obligation:              LLP 
---------------------------------------  --------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3): 
---------------------------------------  --------------------------------- 
 5. Date of transaction (and date         17(th) March 2011 
  on which the threshold is crossed 
  or reached if different): 
---------------------------------------  --------------------------------- 
 6. Date on which issuer notified:        18(th) March 2011 
---------------------------------------  --------------------------------- 
 7. Threshold(s) that is/are crossed      Decreased to below 3% (EEA 
  or reached:                              Regulated Manager) 
---------------------------------------  --------------------------------- 
 
 
 
 8: Notified Details 
---------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------- 
 Class/type   Situation previous       Resulting situation after the triggering 
 of shares     to the triggering        transaction 
 If            transaction 
 possible 
 use ISIN 
 code BRST 
 LN 
-----------  -----------------------  -------------------------------------------------- 
              Number of   Number       Number   Number of voting    Percentage of 
              shares       of voting   of        rights              voting rights 
              4,148,013    Rights      shares 
                           Greater     0 
                           than 
                           5% 
-----------  ----------  -----------  -------  ------------------  --------------------- 
                                                Direct   Indirect   Direct   Indirect 
                                                          0                   0% 
-----------  ----------  -----------  -------  -------  ---------  -------  ------------ 
 
 
 
 
 B: Financial Instruments 
------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------ 
 Type of         Expiration   Exercise/      No. of voting rights   Percentage 
 financial        date         conversion    that may be acquired    of voting 
 instrument                    period/date   (if the instrument      rights 
                                             exercised/converted) 
--------------  -----------  -------------  ---------------------  ----------- 
 
 
 
 Total (A+B) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
 0                         0% 
------------------------  ---------------------------- 
 
 
 9. Chain of controlled undertakings through which the voting 
  rights and /or the financial instruments are effectively held, 
  if applicable: 
---------------------------------------------------------------- 
 Shares were held on behalf of Melchior UK Opportunities Fund 
  and the MST UK Fund. 
---------------------------------------------------------------- 
 
 
 Proxy Voting: 
----------------------------------- 
 10. Name of 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:               Katy Mann 
-----------------------------  -------------- 
 15. Contact telephone name:    0207 367 5400 
-----------------------------  -------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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