TIDMSTT

RNS Number : 6338B

Straight PLC

22 February 2011

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------- 
 
 
 1. Identity of the issuer or the        Straight Plc 
  underlying issuer of existing shares 
  to which voting rights are attached: 
--------------------------------------  ------------- 
 
 
 2 Reason for the notification (please tick the appropriate box 
  or boxes): 
------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                         No 
-----------------------------------------------------------------  ------ 
 An acquisition or disposal of qualifying financial instruments      No 
  which may result in the acquisition of shares already 
  issued to which voting rights are attached 
-----------------------------------------------------------------  ------ 
 An acquisition or disposal of instruments with similar              No 
  economic effect to qualifying financial instruments 
-----------------------------------------------------------------  ------ 
 An event changing the breakdown of voting rights                    No 
-----------------------------------------------------------------  ------ 
 Other (please      Loss of voting rights for Bluehone AiM           Yes 
  specify):          VCT2 plc 
-----------------  ----------------------------------------------  ------ 
 
 
 
 3. Full name of person(s) subject 
  to the notification obligation:       Bluehone Investors LLP 
-------------------------------------  ----------------------- 
 4. Full name of shareholder(s) (if 
  different from 3.):                   See box 9 below 
-------------------------------------  ----------------------- 
 5. Date of the transaction and date 
  on which the threshold is crossed 
  or reached:                           11 February 2011 
-------------------------------------  ----------------------- 
 6. Date on which issuer notified:      17 February 2011 
-------------------------------------  ----------------------- 
 7. Threshold(s) that is/are crossed 
  or reached:                           4%, 3% 
-------------------------------------  ----------------------- 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
----------------------------------------------------------------------------------- 
 Class/type 
 of shares if 
 possible       Situation previous 
 using the       to the triggering   Resulting situation after the triggering 
 ISIN CODE       transaction          transaction 
-------------  -------------------  ----------------------------------------------- 
                          Number 
                Number     of        Number 
                 of        Voting    of       Number of voting    % of voting 
                 Shares    Rights    shares    rights             rights 
-------------  --------  ---------  -------  ------------------  ------------------ 
                                     Direct   Direct   Indirect   Direct   Indirect 
-------------  --------  ---------  -------  -------  ---------  -------  --------- 
 GB003369548 
  GBP0.01       500,000   500,000    0        -        0          -        0.00% 
               --------  ---------  -------  -------  ---------  -------  --------- 
 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------ 
 Type of financial   Expiration   Exercise/     Number of voting   % of voting 
  instrument          date         Conversion   rights that may     rights 
                                   Period       be acquired if 
                                                the instrument 
                                                is exercised/ 
                                                converted. 
------------------  -----------  ------------  -----------------  ------------ 
 
 
 
 C: Financial Instruments with similar economic effect to Qualifying 
  Financial Instruments 
------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------- 
 Type of      Exercise   Expiration   Exercise/    Number of    % of voting 
 financial     price      date        Conversion   voting        rights 
 instrument                           period       rights 
                                                   instrument 
                                                   refers to 
-----------  ---------  -----------  -----------  -----------  ---------------- 
                                                                Nominal   Delta 
-----------  ---------  -----------  -----------  -----------  --------  ------ 
 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
 0                         0.00% 
------------------------  ---------------------------- 
 
 
 9. Chain of controlled undertakings through which the voting 
  rights and /or the financial instruments are effectively held, 
  if applicable: 
---------------------------------------------------------------- 
  Bluehone 
   Investors 
   LLP:- 
                           % of 
                No. of     total 
                voting     voting     Registration 
   Client       rights     rights     name 
   -            0          0.00       n/a 
---------------------------------------------------------------- 
 
 
 Proxy Voting: 
------------------------------------------------------------ 
 10. Name of proxy holder:            Bluehone Investors LLP 
-----------------------------------  ----------------------- 
 11. Number of voting rights proxy 
  holder will cease to hold: 
-----------------------------------  ----------------------- 
 12. Date on which proxy holder 
  will cease to hold voting rights: 
-----------------------------------  ----------------------- 
 
 
                                Based on Total Voting Rights 
                                 of 11,899,294. 
                                 Bluehone AiM VCT2 plc continues 
                                 to hold 500,000 shares, 4.20%. 
                                 Transfer of investment manager 
                                 from Bluehone Investors LLP to 
 13. Additional information:     Maven Capital Partners UK LLP 
-----------------------------  -------------------------------------- 
                                Mike Bassi, F&C Asset Management 
                                 plc, on behalf of Bluehone Investors 
 14 Contact name:                LLP 
-----------------------------  -------------------------------------- 
 15. Contact telephone name:    0131 718 1093 
-----------------------------  --------------------------------------

For notes on how to complete form TR-1 please see the FSA website.

Note: Annex should only be submitted to the FSA not the issuer

 
 Annex: Notification of major interests in shares 
------------------------------------------------- 
 
 
 A: Identity of the persons or legal entity subject to the notification 
  obligation 
------------------------------------------------------------------------- 
 Full name                               Straight Plc 
  (including legal form of legal 
  entities) 
--------------------------------------  --------------------------------- 
 Contact address                         No 1 Whitehall Riverside, 
  (registered office for legal            Leeds LS1 4BN 
  entities) 
--------------------------------------  --------------------------------- 
 Phone number & email                    Phone 0113 245 2244 
                                          Fax 0113 245 2255 
                                          Email : info@straight.co.uk 
--------------------------------------  --------------------------------- 
 Other useful information 
  (at least legal representative 
  for legal persons) 
--------------------------------------  --------------------------------- 
 
 
 
 B: Identity of the notifier, if applicable 
------------------------------------------------------------------------------ 
 Full name                               Mike Bassi, F&C Asset Management 
                                          plc, on behalf of Bluehone Investors 
                                          LLP 
--------------------------------------  -------------------------------------- 
 Contact address                         80 George Street, Edinburgh EH2 
                                          3BU 
--------------------------------------  -------------------------------------- 
 Phone number & email                    0131 718 1093 
                                          Michael.bassi@fandc.com 
--------------------------------------  -------------------------------------- 
 Other useful information (e.g. 
 functional relationship with the 
 person or legal entity subject to the 
 notification obligation) 
--------------------------------------  -------------------------------------- 
 
 
 C: Additional information 
--------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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