Herald Investment Trust PLC Holding(s) in Company

RNS Number : 3201P

Herald Investment Trust PLC

09 December 2024

 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB0004228648

Issuer Name

HERALD INVESTMENT TRUST PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of financial instruments; An event changing the breakdown of voting rights

3. Details of person subject to the notification obligation

Name

Saba Capital Management, L.P.

City of registered office (if applicable)

New York

Country of registered office (if applicable)

United States

4. Details of the shareholder

Name	City of registered office	Country of registered office
Saba Capital Arcadia Master Fund, Ltd.		Cayman Islands
Saba Capital Bluebird Fund, Ltd.		Cayman Islands
Saba Capital Income & Opportunities Fund		United States
Saba Capital CEF Opportunities 1, Ltd.		Cayman Islands
Saba Capital CEF Opportunities 2, Ltd.		Cayman Islands
Saba Capital CEF Special Opportunities Master Fund 2, Ltd.		Cayman Islands
Saba Capital Income & Opportunities Fund II		United States
Saba Capital R Fund, Ltd.		Cayman Islands
Stone Ridge Archimedes Sub-Master (Red) LP		United States
Saba Capital Master Fund, Ltd.		Cayman Islands

5. Date on which the threshold was crossed or reached

05-Dec-2024

6. Date on which Issuer notified

06-Dec-2024

7. Total positions of person(s) subject to the notification obligation

	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	0.756441	16.277209	17.033650	8574886
Position of previous notification (if applicable)	0.730943	15.306831	16.037774

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
GB0004228648	380799	0	0.756441	0.000000
Sub Total 8.A	380799		0.756441%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Total Return Swap	11/28/2025		Cash	8194087	16.277209
Sub Total 8.B2				8194087	16.277209%

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Boaz Weinstein	Saba Capital Management GP, LLC
Saba Capital Management GP, LLC	Saba Capital Management, LP			17.033650%

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

 

12. Date of Completion

06-Dec-2024

13. Place Of Completion

New York

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