BTP Bns Telecom

    RNS Number : 4692G
  BNS Telecom Group plc
  22 October 2008
   


    TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

    1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):

    BNS Telecom Group PLC

    2. Reason for the notification (please state Yes/No): ( )

    An acquisition or disposal of voting rights: (YES)

    An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights
are attached: ( )

    An event changing the breakdown of voting rights: ( )

    Other (please specify): ( )

    3. Full name of person(s) subject to the notification obligation (iii):
    Kaupthing Singer & Friedlander Ltd

    4. Full name of shareholder(s) (if different from 3.) (iv):
    Kaupthing Singer & Friedlander Ltd

    5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v):
    03.10.2008

    6. Date on which issuer notified:
    21.10.2008

    7. Threshold(s) that is/are crossed or reached:
    5.49%

    8. Notified details:
    2,750,000

    A: Voting rights attached to shares

 Class/type of shares if               Situation previous to the Triggering transaction (vi)
 possible using the ISIN CODE
                                 Number of shares      Number of voting Rights (viii)



 GB00B0MV3J01                    Below 3%              Below 3%


    Resulting situation after the triggering transaction (vii)

 Class/type of shares if         Number of shares   Number of voting rights (ix)  % of voting rights
 possible using the ISIN CODE
                                 Direct             Direct (x)   Indirect (xi)    Direct   Indirect

                                 2,750,000          2,750,000                     5.49%

    B: Financial Instruments
    Resulting situation after the triggering transaction (xii)

 Type of financial instrument  Expiration Date       Exercise/Conversion   Number of voting      % of voting rights
                               (xiii)                Period/ Date (xiv)    rights that may be
                                                                           acquired if the
                                                                           instrument is
                                                                           exercised/
                                                                           converted.
                                                                


    Total (A+B)
 Number of voting rights  % of voting rights

 2,750,000                5.49%

    9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable
(xv):
    The shares are held in KSF ltd Crest account through Kaupthing, Singer & Friedlander Ltd.
    Kaupthing, Singer & Friedlander Limited is in administration. Kaupthing Singer & Friedlander Limited (the Company) was placed into
administration pursuant to a court order made on 8 October 2008. Margaret Elizabeth Mills, Patrick Joseph Brazzill, Thomas Merchant Burton
and Alan Robert Bloom were appointed joint administrators of the Company.

    Proxy Voting:

    10. Name of the proxy holder:

    11. Number of voting rights proxy holder will cease to hold:

    12. Date on which proxy holder will cease to hold voting rights:

    13. Additional information:

    Based on Issued Share Capital of 50,123,000

    14. Contact name:

    Andrew Goldwater

    15. Contact telephone number:

    01661 839 670

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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