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PTCM Porta Communications Plc

0.449
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Porta Communications Plc LSE:PTCM London Ordinary Share GB00B71C7K21 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.449 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Porta Communications PLC Holding(s) in Company (9776F)

26/02/2018 5:26pm

UK Regulatory


TIDMPTCM

RNS Number : 9776F

Porta Communications PLC

26 February 2018

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS 
---------------------------------------------------------------------------------------------------- 
 
 1a. Identity of the issuer                                     Porta Communications Plc 
  or the underlying issuer 
  of existing shares to which 
  voting rights are attached(ii) 
  : 
-------------------------------------------------  ------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer 
  (please mark with an "X" if appropriate) 
---------------------------------------------------------------------------------------------------- 
 Non-UK issuer 
-------------------------------------------------------------------------------------  ------------- 
 2. Reason for the notification (please mark the appropriate 
  box or boxes with an "X") 
---------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights 
-------------------------------------------------------------------------------------  ------------- 
 An acquisition or disposal of financial instruments 
-------------------------------------------------------------------------------------  ------------- 
 An event changing the breakdown of voting rights 
-------------------------------------------------------------------------------------  ------------- 
 Other (please specify)(iii) : Change in ownership                                           x 
  of shareholder 
-------------------------------------------------------------------------------------  ------------- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                               Morton PTC Limited as Trustee 
                                                     of The Morton Family Trust 
                                                     (MFT), Hawk Investment Holdings 
                                                     Limited (HIHL), Morton PTC 
                                                     Limited as Trustee of The 
                                                     Edward Trust (TET), Morton 
                                                     PTC Limited as Trustee of 
                                                     The Edward Morton Family 
                                                     Trust (TEMFT), Retro Grand 
                                                     Limited, Morton PTC Limited 
                                                     as Trustee of The Andrew 
                                                     Trust (TAT) and Morton PTC 
                                                     Limited as Trustee of The 
                                                     Andrew Morton Family Trust 
                                                     (TAMFT), Groundlinks Limited 
                                                     (GL), Morton PTC Limited 
                                                     as Trustee of The Charles 
                                                     Trust (TCT), Morton PTC Limited 
                                                     as Trustee of The Charles 
                                                     Morton Family Trust (TCMFT), 
                                                     Seraffina Holdings Limited 
                                                     (SHL), Hawk Pension Fund 
                                                     Limited (HPFL) 
 City and country of registered                     HIHL - St Peter Port, Guernsey 
  office (if applicable)                             RGL - Tortola, British Virgin 
                                                     Islands 
                                                     SHL - Tortola British Virgin 
                                                     Islands 
                                                     GL - Tortola British Virgin 
                                                     Islands 
                                                     HPFL - St Helier, Jersey 
 4. Full name of shareholder(s) (if different from 3.)(v) 
---------------------------------------------------------------------------------------------------- 
 Name                                               Hawk Investment Holdings 
                                                     Limited 
                                                     Retro Grand Limited 
                                                     Seraffina Holdings Limited 
                                                     Groundlinks Limited 
                                                     Hawk Pension Fund Limited 
-------------------------------------------------  ------------------------------------------------- 
 City and country of registered                     HIHL - St Peter Port, Guernsey 
  office (if applicable)                             RGL - Tortola, British Virgin 
                                                     Islands 
                                                     SHL - Tortola British Virgin 
                                                     Islands 
                                                     GL - Tortola British Virgin 
                                                     Islands 
                                                     HPFL - St Helier, Jersey 
-------------------------------------------------  ------------------------------------------------- 
 5. Date on which the threshold                     20 February 2018 
  was crossed or reached(vi) 
  : 
-------------------------------------------------  ------------------------------------------------- 
 6. Date on which issuer notified                   23 February 2018 
  (DD/MM/YYYY): 
-------------------------------------------------  ------------------------------------------------- 
 7. Total positions of person(s) subject to the notification 
  obligation 
---------------------------------------------------------------------------------------------------- 
                               % of voting            % of voting        Total of       Total number 
                              rights attached       rights through       both in %       of voting 
                                 to shares             financial        (8.A + 8.B)      rights of 
                                 (total of            instruments                        issuer(vii) 
                                   8. A)               (total of 
                                                      8.B 1 + 8.B 
                                                          2) 
----------------------  -------------------------  ----------------  ----------------  ------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached             24.78%                                       24.78%            456,936,050 
----------------------  -------------------------  ----------------  ----------------  ------------- 
 Position 
  of previous 
  notification 
  (if 
  applicable)            24.78%                                       24.78% 
----------------------  -------------------------  ----------------  ----------------  ------------- 
 
 
 
 8. Notified details of the resulting situation on the 
  date on which the threshold was crossed or reached(viii) 
-------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
-------------------------------------------------------------------------------------------------------------- 
 Class/type              Number of voting rights(ix)            % of voting rights 
  of 
  shares 
  ISIN code 
  (if possible) 
---------------------- 
                                Direct            Indirect                 Direct                  Indirect 
                               (Art 9 of          (Art 10 of              (Art 9 of               (Art 10 of 
                               Directive          Directive               Directive                Directive 
                             2004/109/EC)        2004/109/EC)            2004/109/EC)            2004/109/EC) 
                               (DTR5.1)           (DTR5.2.1)               (DTR5.1)               (DTR5.2.1) 
---------------------   ---------------------  --------------  ------------------------------  --------------- 
 GB00B71C7K21                 74,929,077                                   16.40% 
                                (HIHL) 
 
                              30,262,931                                    6.62% 
                                 (RGL) 
 
                                450,000                                     0.10% 
                                 (SHL) 
 
                               6,750,000                                    1.48% 
                                 (GL) 
 
                                850,000                                     0.19% 
                                (HPFL) 
----------------------  ---------------------  --------------  ------------------------------  --------------- 
 
 
 SUBTOTAL 
  8. A                               113,242,008                                    24.78% 
----------------------  -------------------------------------  ----------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) 
  of Directive 2004/109/EC (DTR5.3.1.1 (a)) 
-------------------------------------------------------------------------------------------------------------- 
 Type of financial       Expiration             Exercise/       Number of voting                % of voting 
  instrument              date(x)                Conversion      rights that                     rights 
                                                 Period(xi)      may be acquired 
                                                                 if the instrument 
                                                                 is 
                                                                 exercised/converted. 
----------------------  ---------------------  --------------  ------------------------------  --------------- 
 
 
 
                                                SUBTOTAL 8. 
                                                 B 1 
                                               --------------  ------------------------------  --------------- 
 
 B 2: Financial Instruments with similar economic effect 
  according to Art. 13(1)(b) of Directive 2004/109/EC 
  (DTR5.3.1.1 (b)) 
-------------------------------------------------------------------------------------------------------------- 
 Type of                Expiration              Exercise/       Physical           Number       % of voting 
  financial              date(x)                Conversion      or cash             of voting    rights 
  instrument                                    Period          settlement(xii)     rights 
                                                (xi) 
---------------------  ----------------------  --------------  -----------------  -----------  --------------- 
 
 
 
                                                                SUBTOTAL 
                                                                 8.B.2 
                                                               -----------------  -----------  --------------- 
 
 
 
 
 9. Information in relation to the person subject to 
  the notification obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is 
  not controlled by any natural person or legal entity 
  and does not control any other undertaking(s) holding 
  directly or indirectly an interest in the (underlying) 
  issuer(xiii) 
 Full chain of controlled undertakings through which                             x 
  the voting rights and/or the 
  financial instruments are effectively held starting 
  with the ultimate controlling natural person or 
  legal entity(xiv) (please add additional rows as 
  necessary) 
---------------------------------------------------------------------  --------------------- 
         Name(xv)              % of voting          % of voting            Total of both 
                               rights if it        rights through           if it equals 
                               equals or is     financial instruments       or is higher 
                               higher than          if it equals         than the notifiable 
                              the notifiable        or is higher              threshold 
                                threshold        than the notifiable 
                                                      threshold 
--------------------------  ----------------  -----------------------  --------------------- 
 MFT as sole 
  shareholder 
  of HIHL. The 
  Board of Directors 
  of the Morton 
  PTC are Albany 
  Directors Limited, 
  Mr Anthony David 
  Holt, Robert 
  Walter Morton 
  (RWM) and Susan 
  Margaret Howard 
  Morton (SMHM). 
  The adult beneficiaries 
  of MFT are SMHM, 
  RWM, Charles 
  Morton (CNM), 
  Edward Morton 
  (EGM) and Andrew 
  Morton (ARM).              0                 0                        0 
--------------------------  ----------------  -----------------------  --------------------- 
 HIHL                        16.40%            0                        16.40% 
--------------------------  ----------------  -----------------------  --------------------- 
 
 
   TET as former 
   sole shareholder 
   of RGL. The 
   ultimate beneficiary 
   of TET is EGM             0                 0                        0 
--------------------------  ----------------  -----------------------  --------------------- 
 TEMFT as sole 
  shareholder 
  of RGL. The 
  ultimate beneficiary 
  of TEMFT is 
  EGM                        0                 0                        0 
--------------------------  ----------------  -----------------------  --------------------- 
 RGL                         6.62%             0                        6.62% 
--------------------------  ----------------  -----------------------  --------------------- 
 
 TCT as former 
  sole shareholder 
  of SHL. The 
  ultimate beneficiary 
  of TCT is CNM.             0                 0                        0 
--------------------------  ----------------  -----------------------  --------------------- 
 TCMFT as sole 
  shareholder 
  of SHL. The 
  ultimate beneficiary 
  of TCMFT is 
  CNM.                       0                 0                        0 
--------------------------  ----------------  -----------------------  --------------------- 
 SHL                         0.10%             0                        0.10% 
--------------------------  ----------------  -----------------------  --------------------- 
 
 TAT as former 
  sole shareholder 
  of GL. The ultimate 
  beneficiary 
  of TAT is ARM.             0                 0                        0 
--------------------------  ----------------  -----------------------  --------------------- 
 TAMFT as sole 
  shareholder 
  of GL. The ultimate 
  beneficiary 
  of TAMFT is 
  ARM.                       0                 0                        0 
--------------------------  ----------------  -----------------------  --------------------- 
 GL                          1.48%             0                        1.48% 
--------------------------  ----------------  -----------------------  --------------------- 
 
 HPFL - The ultimate 
  beneficiary 
  of HPFL is SMHM            0.19%             0                        0.19% 
--------------------------  ----------------  -----------------------  --------------------- 
 
 10. In case of proxy voting, please identify: 
-------------------------------------------------------------------------------------------- 
 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(xvi) 
-------------------------------------------------------------------------------------------- 
 Filing to confirm that the shareholder of Retro Grand 
  Limited, as shareholder of more than 3% each of the 
  issued share capital of Porta Communications Plc, has 
  changed. 
 
  No changes to shareholders percentage holdings. 
-------------------------------------------------------------------------------------------- 
 
 
 
 Place of completion   Guernsey, Channel Islands 
--------------------  -------------------------- 
 Date of completion    23 February 2018 
--------------------  -------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLUNUBRWSAUUAR

(END) Dow Jones Newswires

February 26, 2018 12:26 ET (17:26 GMT)

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