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Holding(s) in Company

6 Jan 2017 07:00

RNS Number : 4910T
Satellite Solutions Wldwide Grp PLC
06 January 2017
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Β 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached:

Β 

Satellite Solutions Worldwide Group Plc

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes

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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached.

Β 

Β 

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

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An event changing the breakdown of voting rights

Other (please specify):

Β 

3. Full name of person(s) subject to thenotification obligation:

Legal & General Group Plc (L&G)

4. Full name of shareholder(s) Β (if different from 3.):

Β 

Legal & General Assurance Society Limited (LGAS & LGPL)

Β 

Β 

Β 

Β 

5. Date of the transaction and date onwhich the threshold is crossed orreached:

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04 January 2017

6. Date on which issuer notified:

05 January 2017

7. Threshold(s) that is/are crossed orreached:

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L&G (From 4% to 3%)

Β 

8. Notified details:

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A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Β 

Numberof shares

Number of votingrights

% of voting rights

Direct

Indirect

Direct

Indirect

GBP 0.01

Β 

Β 

Β 22,000,000

Β 

Β 

Β 21,000,000

Β 21,000,000

-

3.91%

-

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

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Type of financialinstrument

Β 

Expirationdate

Β 

Exercise/Conversion Period

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

Β 

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Β 

Type of financialinstrument

Β 

Β 

Exercise price

Β 

Expiration date

Β 

Exercise/Conversion period

Β 

Number of voting rights instrument refers to

Β 

Β 

% of voting rights

Β 

Β 

Β 

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

Β 

Β 21,000,000

Β 

3.91%

Β 

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

Β 

Legal & General Group Plc (Direct and Indirect) (Group) (Below 5% = Total Position)

Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect) (Below 5% = Total Position)

Legal & General Investment Management Limited (Indirect) (LGIM) (Below 5% = Total Position)

Legal & General (Unit Trust Managers) Limited

Legal & General Group Plc (Direct) (L&G) ( 21,000,000 - 3.91%=LGAS, LGPL & PMC)

Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD) (PMC)

Legal & General Insurance Holdings Limited (Direct) (LGIH) (LGAS & LGPL)

Legal & General Assurance (Pensions Management) Limited (PMC) (PMC)

Legal & General Assurance Society Limited (LGAS & LGPL) (LGAS & LGPL)

Legal & General Pensions Limited (Direct) (LGPL)

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

Β 

Β 

Β 

Β 

Β 

13. Additional information:

Notification using the total voting rights figure of 536,175,719

14. Contact name:

Victoria Davies (LGIM)

15. Contact telephone number:

029 2035 4147

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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