Frontier Smart Technologies Grp Ltd TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (4802J)

TIDMFST

RNS Number : 4802J

Frontier Smart Technologies Grp Ltd

28 June 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
-------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                     Frontier Smart Technologies 
  the underlying issuer                                                     Group Ltd 
  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                                    P 
------------------------------------------------------------  ------------------------------------ 
 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)                                        Herald Investment Management 
  subject to the                                                             Limited 
  notification obligation: 
-----------------------------------------------------------  ------------------------------------- 
 4. Full name of shareholder(s)                               Discretionary investment management 
  (if different from 3.):                                         clients of Herald Investment 
                                                                       Management Limited 
-----------------------------------------------------------  ------------------------------------- 
 5. Date of the transaction                                               26 Jun 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
-----------------------------------------------------------  ------------------------------------- 
 6. Date on which issuer                                                  28 Jun 2017 
  notified: 
-----------------------------------------------------------  ------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached:                                                                    13% 
-----------------------------------------------------------  ------------------------------------- 
 
 
 
 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 voting         % of voting 
                  of                of                of shares       rights                   rights 
                  Shares            Voting 
                                    Rights 
--------------  ----------------  ----------------  --------------  -----------------------  ------------------------- 
                                                     Indirect        Direct     Indirect      Direct        Indirect 
--------------      ------------    ------------    --------------  ---------  ------------  ------------  ----------- 
 
  KYG6390E1070 
                                                                    ---------  ------------  ------------ 
                 5,376,947         5,376,947         4,891,211                  4,891,211                   12.07% 
--------------  ----------------  ----------------  --------------    -------  ------------      --------  ----------- 
 
 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. 
------------------  --------------  --------------------------------  -------------------------  --------------------- 
 None                                                                                             Nil 
------------------  --------------  --------------------------------  -------------------------  --------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instrument 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of           Exercise        Expiration      Exercise/         Number of voting           % of voting 
 financial          price          date            Conversion         rights instrument          rights 
 instrument                                        period             refers to 
----------------  --------------  --------------  ----------------  -------------------------  ----------------------- 
 None                                                                                           Nominal       Delta 
----------------  --------------  --------------  ----------------  -------------------------  ------------  --------- 
                                                                                                Nil 
--------------      ------------    ------------      ------------    -------  ------------    ------------  --------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                               Percentage of voting rights 
----------------------------------------------------  ---------------------------------------------------------------- 
 
     4,891,211                                              12.07% 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
--------------------------------------------------------------------------- 
 
                                                                        N/A 
 
 Proxy Voting: 
--------------------------------------------------------------------------- 
 10. Name of the proxy holder:                            N/A 
---------------------------------------------------  ---------------------- 
 11. Number of voting rights proxy                        N/A 
  holder will cease to hold: 
---------------------------------------------------  ---------------------- 
 12. Date on which proxy holder will                      N/A 
  cease to hold voting rights: 
---------------------------------------------------  ---------------------- 
 
 
  13. Additional information: 
---------------------------------------------------  ---------------------- 
 14. Contact name:                                        Andrew Miller CFO 
---------------------------------------------------  ---------------------- 
 15. Contact telephone number:                            020 7553 6308 
---------------------------------------------------  ---------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 28, 2017 11:40 ET (15:40 GMT)