ITEL IT&E

    RNS Number : 6508D
  IT&e Limited
  17 September 2008
   

    IT & E Limited    

    17 September 2008       

    Change of Interest of Substantial Holder

    IT & E Limited (ASX code: ITE ; AIM: ITEL) ("the Company") was notified on 16 September 2008 that Hunter Hall Investment Management Ltd
has reduced its relevant interest in the Company from 18,687,941 Ordinary Shares or 6.89% to 9,248,266 Ordinary Shares or 3.41% as at 16
September 2008, as a result of the following transactions: 

 Date of Change  Nature of Change             No. of Shares   Consideration Given in Relation  Cumulative
                                                   Affected                     to Change AUD
                 SELL                              -176,885                          7,404.65  18,511,056
 24/07/2008
                 SELL                              -160,863                          6,733.95  18,350,193
 25/07/2008
                 Issue of 50,000                                                               18,350,193
 30/07/2008      Ordinary Shares
                 SELL                                -7,143                            299.02  18,343,050
 31/07/2008
                 SELL                              -501,084                         15,732.06  17,841,966
 02/09/2008
                 SELL                              -200,000                          6,020.07  17,641,966
 04/09/2008
                 SELL                            -1,003,700                         30,211.71  16,638,266
 04/09/2008
                 SELL                              -400,000                         11,960.40  16,238,266
 12/09/2008
                 SELL                            -6,990,000                        209,007.99   9,248,266
 12/09/2008

    The holders of the relevant interests in those Ordinary Shares and the nature of those relevant interests are set out below.

 Holder of Relevant              Person registered     Nature of relevant    Class and Number of
 Interest                        and entitled to be    Interest              Shares
                                 Registered as Holder
 Hunter Hall Investment              BNP Paribas Fund  Hunter Hall                  9,248,266 ORD
 Management Ltd                  Services Australasia  Investment
                                       Pty Ltd as the  Management Limited
                                     custodian of the  has the power to
                                    Hunter Hall Value  control the exercise
                                     Growth Trust and  of the right to vote
                                          Hunter Hall  attached to the
                                     Australian Value  shares, and the
                                               Trust.  power to exercise
                                                       control over the
                                                       disposal of shares
                                                       as Responsible
                                                       Entity of the Hunter
                                                       Hall Value Growth
                                                       Trust (1,068,773 Ord
                                                       Shares) and Hunter
                                                       Hall Australian
                                                       Value Trust
                                                       (8,179,493 Ord
                                                       Shares).
 Hunter Hall International       As above              Hunter Hall           As above
                                                       International Ltd
                                                       has a relevant
                                                       interest in the said
                                                       shares, as it wholly
                                                       owns Hunter Hall
                                                       Investment
                                                       Management Limited.
 Hampshire Assets And Services   As above              Hampshire Assets And  As above
 Pty Ltd                                               Services Pty Ltd has
                                                       a relevant interest
                                                       in the said shares
                                                       as it owns 45.53% of
                                                       Hunter Hall
                                                       International Ltd.
 Peter James Hall                As above              Peter Hall owns 100%  As above
                                                       of Hampshire Assets
                                                       And Services Pty
                                                       Ltd.

    A full version of the Notice of change of interests of substantial holder is available on the ASX website at www.asx.com.au.

    Enquiries/Additional Information:

    IT&e Limited
    Andrew Wood, CEO: +61 2 9236 9427
    Oliver Carton, Company Secretary: +61 412 149 118

    Grant Thornton UK LLP
    Fiona Owen: +44 (0)20 7383 5100

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