17 Jun 2008 16:15
TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):
IS Solutions plc
2. Reason for the notification (please place an X inside the appropriate bracket/s):
An acquisition or disposal of voting rights: ( )
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) : ( X )
Correction of % of voting rights
3. Full name of person(s) subject to the notification obligation (iii):
Bluehone Investors LLP
4. Full name of shareholder(s) (if different from 3.) (iv):
Active Capital Trust plc
5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v):
16 June 2008
6. Date on which issuer notified:
17 June 2008
7. Threshold(s) that is/are crossed or reached:
18%
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 (vi) | |
|
| Number of shares | Number of voting Rights (viii) |
| GB0001351955 | 4,262,370 | 4,262,370 |
Resulting situation after the triggering transaction (vii)
| Class/type of shares if possible using the ISIN CODE | Number of shares | Number of voting rights (ix) | % of voting rights | ||
|
| Direct | Direct (x) | Indirect (xi) | Direct | Indirect |
| GB0001351955 | 4,262,370 | 4,262,370 | 17.19% | ||
B: Financial Instruments
Resulting situation after the triggering transaction (xii)
| Type of financial instrument | Expiration Date (xiii) | Exercise/Conversion Period/ Date (xiv) | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
Total (A+B)
| Number of voting rights | % of voting rights |
| 4,262,370 | 17.19 |
9. Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable (xv):
| Bluehone Investors LLP | |||
| Client | No. of Voting Rights | % of Total Voting Rights | Registration Name |
| Active Capital Trust plc | 4,262,370 | 17.19 | Chase Nominees Limited |
Proxy Voting:
10. Name of the proxy holder:
Bluehone Investors LLP
11. Number of voting rights proxy holder will cease to hold:
……………..
12. Date on which proxy holder will cease to hold voting rights:
……………..
13. Additional information:
……………..
14. Contact name:
John Lythall
15. Contact telephone number:
01932 893333