Gresham Computing PLC Holding(s) in Company (0484O)
02 November 2016 - 4:56AM
UK Regulatory
TIDMGHT
RNS Number : 0484O
Gresham Computing PLC
01 November 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or Gresham Computing 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) Kestrel Partners LLP
subject to the
notification obligation:
(iii)
--------------------------------------------------------- ------------------------------------------
4. Full name of shareholder(s) Kestrel Opportunities, a cell
(if different from 3.):(iv) of Guernsey Portfolios PCC
Ltd (through BNY Mellon Nominees
Limited) and various other
clients of Kestrel Partners
LLP (through JIM Nominees
Ltd and Bank of New York Nominees
Ltd)
--------------------------------------------------------- ------------------------------------------
5. Date of the transaction 28 October 2016
and date on
which the threshold is
crossed or
reached: (v)
--------------------------------------------------------- ------------------------------------------
6. Date on which issuer 01 November 2016
notified:
--------------------------------------------------------- ------------------------------------------
7. Threshold(s) that is/are through 14%
crossed or
reached: (vi, vii)
--------------------------------------------------------- ------------------------------------------
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 voting rights (x)
Shares Voting shares rights
Rights
------------- -------------------------- ---------------- ---------- --------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- --------- ----------- ------------ ---------- --------- ---------- ------------ -----------
Ordinary
Shares of
5p each
ISIN
GB0008808825 9,276,137 9,276,137 n/a n/a 9,351,137 n/a 14.02%
-------------------------- ---------------- ---------- --------- ---------- ------------ -----------
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 n/a Nominal Delta
--------------- ----------- --------------- -------------- --------------------------------- ------------ ---------
n/a n/a
------------- --------- ----------- ------------ -------- ------- ---------- ------------ ---------
Total (A+B+C)
-------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------------------- ----------------------------------------------------------
9,351,137 14.02%
------------------------------------------------------------- ----------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
---------------------------------------------------------------------------------------------------
Indirect - Bank of New York Nominees Limited - 8,134,482
Shares. 12.20% of voting rights
Indirect - JIM Nominees Limited - 392,783 Shares. 0.59%
of voting rights
Indirect - Bank of New York Nominees Limited - 823,872
Shares. 1.24% of voting rights
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:
------------------------------------------------------------- ------------------------------------
Disclosure based on Total
13. Additional information: voting rights of 66,684,518.
The indirect voting rights
held under (9) relate to
shares held in client portfolios
managed by Kestrel Partners
LLP under discretionary investment
management agreements
------------------------------------------------------------- ------------------------------------
14. Contact name: Ian Forrest
------------------------------------------------------------- ------------------------------------
15. Contact telephone number: 0203 371 6100
------------------------------------------------------------- ------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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