RNS2 Apr 2013 11:32
("Sarantel" or the "Company")
Holding(s) in Company
Sarantel was notified on 28 March 2013 that Ali Mortazavi is beneficially interested directly in 13,187,422 ordinary shares and indirectly (through a qualifying instrument) in a further 17,500,000 ordinary shares, in aggregate representing approximately 3.70 per cent of the Company's current issued ordinary share capital.
In addition, Ali Mortazavi has subscribed for 92,650,328 ordinary shares pursuant to the placing announced on 26 March 2013. On completion of the placing Ali Mortazavi will be beneficially interested directly in 105,837,750 ordinary shares and indirectly (through a qualifying instrument) in a further 17,500,000 ordinary shares, in aggregate representing approximately 11.14 per cent of the Company's enlarged issued ordinary share capital.