Sportech PLC Holding(s) in Company (1990Z)
11 March 2017 - 3:51AM
UK Regulatory
TIDMSPO
RNS Number : 1990Z
Sportech PLC
10 March 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or Sportech 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 X
------------------------------------------------------------ --------------------------
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) Highvern Trustees Limited
subject to the
notification obligation:
(iii)
----------------------------------------------------------- ---------------------------
4. Full name of shareholder(s) Sulby Limited
(if different from 3.):(iv)
----------------------------------------------------------- ---------------------------
5. Date of the transaction 09/03/2017
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- ---------------------------
6. Date on which issuer 09/03/2017
notified:
----------------------------------------------------------- ---------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 16.8%
----------------------------------------------------------- ---------------------------
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
of of of shares rights rights (x)
Shares Voting
Rights
------------- --------------- ---------------- ------------- ---------------------------- -----------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ----------- ------------ ------------- ----------- --------------- --------- ------------
Ord GBP
0.50 34,861,010 0 34,611,010 16.8%
--------------- ---------------- ------------- ----------- --------------- --------- ------------
GB00B28ZPV64
------------- ----------- ------------ ----------- ----------- ----------- ------- ------------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of % of voting
financial date Conversion voting rights
instrument (xiii) Period (xiv) rights that
may 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 % of voting rights
financial price date Conversion voting (xix, xx)
instrument (xvii) period rights
(xviii) instrument
refers to
--------------- ------------- -------------- ------------- --------------- --------------------------------------
Nominal Delta
--------------- ------------- -------------- ------------- --------------- --------------- ---------------------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------------------- -------------------------------------------------------
34,611,010 16.8%
------------------------------------------------------------- -------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
---------------------------------------------------------------------------------------------------
Highvern Trustees Limited (16.8%)
Sulby Limited (16.8%)
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:
------------------------------------------------------------- ------------------------------------
Highvern Trustees Limited,
13. Additional information: (formerly Coutts & Co Trustees
(Jersey) Limited), owned
by MNM Holdings Limited,
in its capacity as trustee
of a settlement, indirectly
holds 34,611,010 ordinary
shares in Sportech Plc which
are held directly by Sulby
Limited, an undertaking controlled
by Highvern. Newby Manor
Ltd (a company ultimately
owned by the family interests
of Mr Trevor Hemmings) continues
to have a notifiable interest
in these shares under DTR
5.3(1) (b) (holdings of financial
instruments with similar
economic effecty to Qualifying
Financial Instruments).
This Notification is based
upon the Voting Rights figure
of 206,238,048 obtained from
your regulatory announcement
dated 19(th) March 2015.
------------------------------------------------------------- ------------------------------------
14. Contact name: Fiona Whitehead
------------------------------------------------------------- ------------------------------------
15. Contact telephone number: 01534 282523
------------------------------------------------------------- ------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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