26 Jan 2010 11:57
TR-1: notification of major interests in shares
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | Avesco Group Plc | ||
| 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 financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | |||
| An event changing the breakdown of voting rights | |||
| Other (please specify):___________________________________________ | |||
| 3. Full name of person(s) subject to the notification obligation: | Herald Investment Management Limited | ||
| 4. Full name of shareholder(s) (if different from 3.): | Bank of New York (OCS) Nominees Ltd on behalf of Herald Investment Trust Plc | ||
| 5. Date of the transaction (and date on which the threshold is crossed or reached if different): | 20th January 2010 | ||
| 6. Date on which issuer notified: | 25th January 2010 | ||
| 7. Threshold(s) that is/are crossed or reached: | 12%,13% | ||
| 8. Notified details: | |||
| A: Voting rights attached to shares | |||||||
| Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction | Resulting situation after the triggering transaction | |||||
| Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights | |||
| Indirect | Direct | Indirect | Direct | Indirect | |||
| GB0000653229 |
2,775,000 (11.09%) | 2,775,000 |
3,332,018 (13.32%) |
|
3,332,018 |
| 13.32% |
| B: Financial Instruments | ||||
| Resulting situation after the triggering transaction | ||||
| Type of financial instrument | Expiration date | Exercise/ Conversion Period/ Date | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
| None |
|
|
|
Nil |
| Total (A+B) | |
| Number of voting rights | % of voting rights |
| 3,332,018 |
13.32% |
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: | ||||||
| Herald Investment Management Limited, a discretionary investment manager, is the parent undertaking of an investment management business.
|
| Proxy Voting: | |
| 10. Name of the proxy holder: | N/A |
| 11. Number of voting rights proxy holder will cease to hold: | N/A |
| 12. Date on which proxy holder will cease to hold voting rights: | N/A |
| 13. Additional information: |
|
| 14. Contact name: | Andrew Miller |
| 15. Contact telephone number: | 020 7553 6308 |
Annex Notification Of Major Interests In Shares
| A: Identity of the person or legal entity subject to the notification obligation | |
| Full name (including legal form for legal entities) | Herald Investment Management Limited |
| Contact address (registered office for legal entities) | 10/11 Charterhouse Square London EC1M 6EE |
| Phone number | 020 7553 6308 |
| Other useful information (at least legal representative for legal persons) | Andrew Miller |
| B: Identity of the notifier, if applicable | |
| Full name | See Above |
| Contact address |
|
| Phone number |
|
| Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) |
|
| C: Additional information |
| In accordance with the FSA's LIST Issue 14 Paragraph 3.13 we have used the figure for of the total number of voting rights in issue (25,023,399) disclosed by the company on 31 Jan 08 via RNS to calculate the percentage of voting rights after the triggering transaction. |