SysGroup PLC Holding(s) in Company (7426Z)

TIDMSYS

RNS Number : 7426Z

SysGroup PLC

16 March 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
 
 
 
 1. Identity of the issuer or                               SysGroup 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                              No 
----------------------------------------------------------  ----------------------------- 
 An acquisition or disposal of qualifying financial                       No 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
----------------------------------------------------------  ----------------------------- 
 An acquisition or disposal of instruments with                           No 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------  ----------------------------- 
 An event changing the breakdown of voting rights                        Yes 
----------------------------------------------------------  ----------------------------- 
 Other (please                                                           N/A 
  specify): 
--------------------------------------------------------    ----------------------------- 
 3. Full name of person(s)                                  Livingbridge VC LLP 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ------------------------------ 
 4. Full name of shareholder(s)                             Baronsmead Venture Trust plc 
  (if different from 3.):(iv)                                - 8.97% 
                                                             Baronsmead Second Venture 
                                                             Trust plc - 10.96% 
---------------------------------------------------------  ------------------------------ 
 5. Date of the transaction                                 10/03/2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ------------------------------ 
 6. Date on which issuer                                    16/03/2017 
  notified: 
---------------------------------------------------------  ------------------------------ 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                        20% 
---------------------------------------------------------  ------------------------------ 
 
 
 
 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 shares       voting                   rights (x) 
                  Shares            Voting                            rights 
                                    Rights 
--------------  ----------------  ----------------  --------------  -----------------------  ------------------------- 
                                                     Direct          Direct     Indirect      Direct        Indirect 
                                                                     (xi)        (xii) 
--------------      ------------    ------------    --------------  ---------  ------------  ------------  ----------- 
 
  Ord GBP0.01 
  GB00BYT18182   4,603,700         20.47%                                       4,603,700                   19.93% 
                ----------------  ----------------  --------------  ---------  ------------  ------------  ----------- 
 
 
 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 
                      (xiii)          Period (xiv)                      may 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 
 financial          price          date            Conversion         rights instrument          rights (xix, 
 instrument                        (xvii)          period             refers to                  xx) 
                                                   (xviii) 
----------------  --------------  --------------  ----------------  -------------------------  ----------------------- 
                                                                                                Nominal       Delta 
----------------  --------------  --------------  ----------------  -------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                               Percentage of voting rights 
----------------------------------------------------  ---------------------------------------------------------------- 
 4,603,700                                             19.93% 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------------------- 
 Livingbridge VC LLP 
  Baronsmead Venture Trust plc 
  Baronsmead Second Venture Trust plc 
  Registered in the name of JP Morgan Chase Nominees 
 
 Proxy Voting: 
-------------------------------------------------------------------------------- 
 10. Name of the proxy holder:             Livingbridge VC LLP 
----------------------------------------  -------------------------------------- 
 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:                The change in the percentage 
                                             of shares held is due entirely 
                                             to the shares issued by SysGroup 
                                             Plc, admitted to AIM on 10/03/2017. 
----------------------------------------  -------------------------------------- 
 14. Contact name:                         Karen Huxley 
----------------------------------------  -------------------------------------- 
 15. Contact telephone number:             020 7506 5643 
----------------------------------------  -------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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March 16, 2017 13:00 ET (17:00 GMT)