TIDMCNS

RNS Number : 2363O

Corero Network Security PLC

30 September 2019

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
 
 1. Identity of the issuer or the underlying                                         Corero Network Security plc 
  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                                                x 
  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                                             Dilution due to the issuance of new shares under 
  specify):                                                a placing, subscription and open offer 
--------------------------------------------------------  -------------------------------------------------- 
 3. Full name of person(s) subject                                                  Sabvest Capital Holdings Ltd 
  to the 
  notification obligation: (iii) 
                                                           ----------------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
                                                           ----------------------------------------------------- 
 5. Date of the transaction and date                                                           24 September 2019 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
                                                           ----------------------------------------------------- 
 6. Date on which issuer notified:                                                             30 September 2019 
                                                           ----------------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                                          7% 
                                                           ----------------------------------------------------- 
 
 
 
 8. Notified details: 
 A: Voting rights attached to shares (viii, ix) 
 Class/type      Situation previous                Resulting situation after the triggering 
 of               to the triggering                 transaction 
 shares           transaction 
 
 if possible 
 using 
 the ISIN CODE 
                --------------------------------  ---------------------------------------------------------------------- 
                 Number           Number           Number         Number of voting            % of voting rights 
                  of               of               of shares      rights                      (x) 
                  Shares           Voting 
                                   Rights 
                ---------------  ---------------  -------------  --------------------------  --------------------------- 
                                                   Direct         Direct         Indirect     Direct        Indirect 
                                                                   (xi)           (xii) 
                    -----------    -----------    -------------  -------------  -----------  ------------  ------------- 
 
 
  GB00B54X0432   28,000,000       28,000,000       28,500,000     28,500,000     N/a          7.09%         N/a 
                ---------------  ---------------  -------------  -------------  -----------  ------------  ------------- 
 
 
 B: Qualifying Financial Instruments 
 Resulting situation after the triggering transaction 
 Type of financial   Expiration     Exercise/                       Number of voting              % of voting 
  instrument          date (xiii)    Conversion Period               rights that may               rights 
                                     (xiv)                           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 rights 
 financial          price         date (xvii)    Conversion        rights instrument             (xix, xx) 
 instrument                                      period            refers to 
                                                 (xviii) 
                  -------------  -------------  ---------------  ----------------------------  ------------------------- 
                                                                                                Nominal       Delta 
                  -------------  -------------  ---------------  ----------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
 Number of voting rights                             Percentage of voting rights 
                                                    -------------------------------------------------------------------- 
 28,500,000                                          7.09% 
                                                    -------------------------------------------------------------------- 
 
 
 
 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: 
                                                                              ---------------- 
 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: 
 14. Contact name:                                                             Leon Rood 
                                                                              ---------------- 
 15. Contact telephone number:                                                 +27 11 268 2400 
                                                                              ---------------- 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

HOLLMMRTMBMJBBL

(END) Dow Jones Newswires

September 30, 2019 13:06 ET (17:06 GMT)

Corero Network Security (LSE:CNS)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Corero Network Security Charts.
Corero Network Security (LSE:CNS)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Corero Network Security Charts.