Tax Systems PLC Holding(s) in Company (0428C)

TIDMTAX

RNS Number : 0428C

Tax Systems PLC

10 April 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                      Tax Systems 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 
------------------------------------------------------------  ------------------------- 
 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                         P 
------------------------------------------------------------  ------------------------- 
 Other (please 
  specify): 
----------------------------------------------------------    ------------------------- 
 3. Full name of person(s)                                       MXC CAPITAL LIMITED 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  -------------------------- 
 4. Full name of shareholder(s)                               JM FINN NOMINEES LIMITED 
  (if different from 3.):(iv) 
-----------------------------------------------------------  -------------------------- 
 5. Date of the transaction                                         7 April 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  -------------------------- 
 6. Date on which issuer                                            10 April 2017 
  notified: 
-----------------------------------------------------------  -------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                   19%,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) 
--------------      -----------    -----------    -------------  -------------  -----------  ------------  ----------- 
 
    Ordinary 
   Shares of 
    1 penny 
      each 
 
  GB00BDHLGB97 
                                                                                -----------                ----------- 
                 15,200,418       15,200,418       15,200,418     15,200,418     -            18.8% 
--------------  ---------------  ---------------  -------------  -------------  -----------  ------------    --------- 
 
 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) 
----------------  -------------  -------------  ---------------  ----------------------------  ----------------------- 
 Warrants                                                                                       Nominal       Delta 
----------------                                                                               ------------  --------- 
                                    26 July       12 December 
                   61 pence           2023            2018                  441,885             0.5% 
--------------    -------------  -------------  ---------------  ----------------------------  ------------  --------- 
 
 
                                     26 July         26 July 
 Warrants            67 pence          2023            2019                 4,409,299           5.2% 
----------------  -------------  -------------  ---------------  ----------------------------  ------------  --------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                             Percentage of voting rights 
--------------------------------------------------  ------------------------------------------------------------------ 
 
   15,200,418                                          18.8% 
--------------------------------------------------  ------------------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------- 
 
 
 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:                              Figures are based on total 
                                                           number of voting rights of 
                                                                   80,703,381 
-------------------------------------------------------  ---------------------------- 
 14. Contact name:                                            Charlotte Stranner 
-------------------------------------------------------  ---------------------------- 
 15. Contact telephone number:                                   020 7965 8149 
-------------------------------------------------------  ---------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 10, 2017 04:45 ET (08:45 GMT)