Eckoh PLC Holding(s) in Company (6454I)

TIDMECK

RNS Number : 6454I

Eckoh PLC

20 June 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                                               Eckoh 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 
----------------------------------------------------------------  ----------------------------------- 
 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                                 Yes 
----------------------------------------------------------------  ----------------------------------- 
 Other (please 
  specify): 
-------------------------------------------------------  -------  ----------------------------------- 
 3. Full name of person(s)                                                       Kestrel Partners LLP 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s)                             Kestrel Opportunities, a cell 
  (if different from 3.):(iv)                                of Guernsey Portfolios PCC 
                                                             Ltd (through BNY Mellon Nominees 
                                                             Limited) and various other 
                                                             clients of Kestrel Partners 
                                                             LLP (through JIM Nominees 
                                                             Ltd and Bank of New York Nominees 
                                                             Ltd) 
---------------------------------------------------------  ------------------------------------------ 
 5. Date of the transaction                                                              20 June 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ------------------------------------------ 
 6. Date on which issuer                                                                 20 June 2017 
  notified: 
---------------------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are                                                         Down through 15% 
  crossed or 
  reached: (vi, vii) 
---------------------------------------------------------  ------------------------------------------ 
 
 
 
 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           voting                  rights (x) 
                 Shares                      Voting           shares       rights 
                                             Rights 
-------------  --------------------------  ----------------  ----------  ----------------------  ------------------------- 
                                                              Direct      Direct     Indirect     Direct        Indirect 
                                                                          (xi)        (xii) 
-------------      ---------  -----------      ------------  ----------  ---------  -----------  ------------  ----------- 
 Ordinary 
 Shares of 
 0.25p each 
 ISIN 
 GB0033359141   37,369,995                  37,369,995        n/a         n/a        37,369,995   n/a           14.90% 
               --------------------------  ----------------  ----------  ---------  -----------  ------------  ----------- 
 
 
 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. 
-----------------  ------------------------  ----------------------------  ------------------------  --------------------- 
 n/a                n/a                       n/a                           n/a                       n/a 
-----------------  ------------------------  ----------------------------  ------------------------  --------------------- 
 
 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) 
---------------  -----------  ---------------  --------------  ----------------------------------  ----------------------- 
 n/a              n/a          n/a              n/a             n/a                                 Nominal       Delta 
---------------  -----------  ---------------  --------------  ----------------------------------  ------------  --------- 
                                                                                                    n/a           n/a 
-------------      ---------  -----------      ------------    --------    -------  -----------    ------------  --------- 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ----------------------------------------------------------- 
 37,369,995                                                     14.90% 
-------------------------------------------------------------  ----------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------------------------- 
                                                Indirect - BNY Mellon Nominees Limited - 30,297,050 
                                                                    Shares. 12.08% of voting rights 
                                                Indirect - JIM Nominees Limited - 2,498,905 Shares. 
                                                                             1.00% of voting rights 
                                           Indirect - Bank of New York Nominees Limited - 4,574,040 
                                                                     Shares. 1.82% of voting rights 
 
 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: 

-------------------------------------------------------------  ------------------------------------ 
 
                                                                Disclosure based on Total 
  13. Additional information:                                   voting rights of 250,723,520 
 
                                                                The indirect voting rights 
                                                                held under (9) relate to 
                                                                shares held in client portfolios 
                                                                managed by Kestrel Partners 
                                                                LLP under discretionary investment 
                                                                management agreements 
-------------------------------------------------------------  ------------------------------------ 
 14. Contact name:                                                                      Ian Forrest 
-------------------------------------------------------------  ------------------------------------ 
 15. Contact telephone number:                                                        0203 371 6100 
-------------------------------------------------------------  ------------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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June 20, 2017 11:35 ET (15:35 GMT)