TT Electronics PLC Holding(s) in Company (5710X)

TIDMTTG

RNS Number : 5710X

TT Electronics PLC

22 February 2017

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
----------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                               TT Electronics 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                          YES 
----------------------------------------------------------  ----------------------- 
 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)                                  Aberforth Partners LLP 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ------------------------ 
 4. Full name of shareholder(s)                             Nortrust Nominees Ltd 
  (if different from 3.):(iv) 
---------------------------------------------------------  ------------------------ 
 5. Date of the transaction                                 21/02/2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ------------------------ 
 6. Date on which issuer                                    22/02/2017 
  notified: 
---------------------------------------------------------  ------------------------ 
 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 
  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     Indirect      Direct        Indirect 
                                                                     (xi)        (xii) 
-------------      ------------    -------------    --------------  ---------  ------------  ------------  ----------- 
 Ordinary 
 GB0008711763   19,737,263        19,737,263         21,156,791      N/A        21,156,791    N/A           13.03 
               ----------------  -----------------  --------------  ---------  ------------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration      Exercise/                          Number of voting           % of voting 
 financial           date            Conversion                         rights that                rights 
 instrument          (xiii)          Period (xiv)                       may be 
                                                                        acquired if 
                                                                        the 
                                                                        instrument 
                                                                        is 
                                                                        exercised/ 
                                                                        converted. 
-----------------  --------------  ---------------------------------  -------------------------  --------------------- 
 N/A                N/A             N/A                                N/A                        N/A 
-----------------  --------------  ---------------------------------  -------------------------  --------------------- 
 
 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) 
---------------  --------------  ---------------  --------------  ---------------------------  ----------------------- 
 N/A              N/A             N/A              N/A                                          Nominal       Delta 
---------------  --------------  ---------------  --------------                               ------------  --------- 
                                                                   N/A                          N/A           N/A 
-------------      ------------    -------------    ------------  ---------------------------  ------------  --------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  ---------------------------------------------------- 
 21,156,791                                                        13.03 
----------------------------------------------------------------  ---------------------------------------------------- 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------- 
 
   Held by Aberforth Partners LLP 
 
 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: 
-------------------------------------------------------  ---------------------------- 
 14. Contact name: 
                                                            Pauline Robson, Aberforth 
                                                            Partners LLP 
-------------------------------------------------------  ---------------------------- 
 
 15. Contact telephone number:                              0131 220 0733 
-------------------------------------------------------  ---------------------------- 
 
 

Name of authorised official of the issuer responsible for making this notification:

Lynton Boardman

Group General Counsel & Company Secretary

TT Electronics plc

Date of Notification: 22 February 2017

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 22, 2017 07:29 ET (12:29 GMT)