Hardide PLC Holding(s) in Company (0551D)

TIDMHDD

RNS Number : 0551D

Hardide PLC

24 April 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying                                   HARDIDE PLC 
  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                                        ü 
-------------------------------------------------------------------------  ----------------------- 
 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) subject                                        HARGREAVE HALE LIMITED 
  to the 
  notification obligation: (iii) 
---------------------------------------------------------------------  --------------------------- 
 4. Full name of shareholder(s)                                           DISCRETIONARY CLIENTS 
  (if different from 3.):(iv) 
---------------------------------------------------------------------  --------------------------- 
 5. Date of the transaction and date                                          20 APRIL 2017 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
---------------------------------------------------------------------  --------------------------- 
 6. Date on which issuer notified:                                            21 APRIL 2017 
---------------------------------------------------------------------  --------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                               13% 
---------------------------------------------------------------------  --------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                  Resulting situation after the triggering 
  of             to the triggering                   transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  ----------------------------------  ------------------------------------------------------------------------------- 
                Number            Number            Number                           Number of voting          % of voting 
                 of                of                of shares                        rights                    rights (x) 
                 Shares            Voting 
                                   Rights 
-------------  ----------------  ----------------  -------------------------------  ------------------------  -------------------- 
                                                    Direct         Indirect          Direct    Indirect        Direct     Indirect 
                                                                                      (xi)      (xii) 
-------------      ------------      ------------  -------------  ----------------  --------  --------------  ---------  --------- 
 GB00B069T034   199,078,500       199,078,500                      200,078,500                 200,078,500                13.0352% 
               ----------------  ----------------  -------------  ----------------  --------  --------------  ---------  --------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration        Exercise/                        Number of voting                        % of voting 
 financial           date (xiii)       Conversion Period                rights that may                         rights 
 instrument                            (xiv)                            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 rights 
 financial         price             date (xvii)       Conversion     rights instrument           (xix, xx) 
 instrument                                            period         refers to 
                                                       (xviii) 
---------------  ----------------  ----------------  -------------  --------------------------  ---------------------------------- 
                                                                                                 Nominal                  Delta 
---------------  ----------------  ----------------  -------------  --------------------------  -----------------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                             Percentage of voting rights 
------------------------------------------------------------------  -------------------------------------------------------------- 
 
   200,078,500                                                       13.0352% 
------------------------------------------------------------------  -------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------------------------------- 
 50,000,000 of of these shares are held for a unit trust operated by Marlborough 
  Fund Managers Ltd, for whom Hargreave Hale Ltd manages the investments 
  on a discretionary basis. The remaining balance is held for other discretionary 
  clients. 
 
 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: 
----------------------------------------------------------------------------------  -------------------- 
 14. Contact name:                                                                   David Clueit, 
                                                                                     Hargreave Hale Ltd 
----------------------------------------------------------------------------------  -------------------- 
 15. Contact telephone number:                                                       01253 754739 
----------------------------------------------------------------------------------  -------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 24, 2017 02:01 ET (06:01 GMT)