Last checked at 21 Sep 2009 16:59
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | Clarity Commerce Solutions plc |
| 2 Reason for the notification (please tick the appropriate box or boxes): | ||
| An acquisition or disposal of voting rights | Yes | |
| An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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| 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 |
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| Other (please specify): |
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| 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 on behalf of Herald Investment Trust Plc |
| 5. Date of the transaction and date on which the threshold is crossed or reached: | 18 September 2009 |
| 6. Date on which issuer notified: | 21 September 2009 |
| 7. Threshold(s) that is/are crossed or reached: | 5% |
| 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 | |||
| Direct | Direct | Indirect | Direct | Indirect | |||
| GB0009274449 | 1,165,956 (3.64%) | 1,165,956 | 1,815,956 (5.67%) | 1,815,956 | (5.67%) | ||
| B: Qualifying Financial Instruments | ||||
| Resulting situation after the triggering transaction | ||||
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
| None |
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| Nil |
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||
| Resulting situation after the triggering transaction | ||||||
| Type of financial instrument | Exercise price | Expiration date | Exercise/ Conversion period | Number of voting rights instrument refers to | % of voting rights | |
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| Nominal | Delta | |
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| Total (A+B+C) | |
| Number of voting rights | Percentage of voting rights |
| 1,815,956 | 5.67% |
| 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 management, is the parent undertaking of an investment management business. | ||
| Shareholder: Herald Investment Trust (in the name of Bank of New York (OCS Nominees Limited)) | 1,815,956 | 5.67% |
| Total for funds under management of Herald Investment Management Limited | 1,815,956 | 5.67% |
| 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: |
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| 14. Contact name: | Andrew Miller |
| 15. Contact telephone number: | 020 7553 6308 |