Tax Systems PLC Holding(s) in Company (0428C)
10 April 2017 - 6:45PM
UK Regulatory
TIDMTAX
RNS Number : 0428C
Tax Systems PLC
10 April 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or Tax Systems 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
------------------------------------------------------------ -------------------------
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 P
------------------------------------------------------------ -------------------------
Other (please
specify):
---------------------------------------------------------- -------------------------
3. Full name of person(s) MXC CAPITAL LIMITED
subject to the
notification obligation:
(iii)
----------------------------------------------------------- --------------------------
4. Full name of shareholder(s) JM FINN NOMINEES LIMITED
(if different from 3.):(iv)
----------------------------------------------------------- --------------------------
5. Date of the transaction 7 April 2017
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- --------------------------
6. Date on which issuer 10 April 2017
notified:
----------------------------------------------------------- --------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 19%,20%
----------------------------------------------------------- --------------------------
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 shares voting rights (x)
Shares Voting rights
Rights
-------------- --------------- --------------- ------------- -------------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
-------------- ----------- ----------- ------------- ------------- ----------- ------------ -----------
Ordinary
Shares of
1 penny
each
GB00BDHLGB97
----------- -----------
15,200,418 15,200,418 15,200,418 15,200,418 - 18.8%
-------------- --------------- --------------- ------------- ------------- ----------- ------------ ---------
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 rights
(xiii) Period (xiv) 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 voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
---------------- ------------- ------------- --------------- ---------------------------- -----------------------
Warrants Nominal Delta
---------------- ------------ ---------
26 July 12 December
61 pence 2023 2018 441,885 0.5%
-------------- ------------- ------------- --------------- ---------------------------- ------------ ---------
26 July 26 July
Warrants 67 pence 2023 2019 4,409,299 5.2%
---------------- ------------- ------------- --------------- ---------------------------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
-------------------------------------------------- ------------------------------------------------------------------
15,200,418 18.8%
-------------------------------------------------- ------------------------------------------------------------------
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: N/A
------------------------------------------------------- ----------------------------
11. Number of voting rights proxy N/A
holder will cease to hold:
------------------------------------------------------- ----------------------------
12. Date on which proxy holder will N/A
cease to hold voting rights:
------------------------------------------------------- ----------------------------
13. Additional information: Figures are based on total
number of voting rights of
80,703,381
------------------------------------------------------- ----------------------------
14. Contact name: Charlotte Stranner
------------------------------------------------------- ----------------------------
15. Contact telephone number: 020 7965 8149
------------------------------------------------------- ----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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