27 Nov 2009 12:44
| 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: ii | Electric Word 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 | No | ||||
| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | No | ||||
| An event changing the breakdown of voting rights | No | ||||
| Other (please specify): | No | ||||
| 3. Full name of person(s) subject to the notification obligation: iii | ISIS EP LLP | ||||
| 4. Full name of shareholder(s) (if different from 3.):iv | Baronsmead AIM VCT Plc holds 9.89% * All other clients hold less than 3% | ||||
| 5. Date of the transaction and date on which the threshold is crossed or reached: v | 24/11/2009 | ||||
| 6. Date on which issuer notified: | 26/11/2009 | ||||
| 7. Threshold(s) that is/are crossed or reached: vi, vii | 20% and 21% | ||||
*Baronsmead AIM VCT plc and other clients are interested in The Wood Street Microcap Investment Fund which holds a 0.75% interest in Electric Word plc.
| 8. Notified details: | ||||||||||||||||
| A: Voting rights attached to shares viii, ix | ||||||||||||||||
| 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 x | ||||||||||||
| Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
| Ord 1p GB0003083622 | 44,423,932 (19.42%) | 44,423,932 (19.42%) | 48,173,932 | 21.06% | ||||||||||||
| B: Qualifying Financial Instruments | ||||||||||||||||
| Resulting situation after the triggering transaction | ||||||||||||||||
| Type of financial instrument | Expiration date xiii | Exercise/ Conversion Period xiv | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights | ||||||||||||
| Nil | ||||||||||||||||
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
| Resulting situation after the triggering transaction | ||||||||||||||||
| Type of financial instrument | Exercise price | Expiration date xvii | Exercise/ Conversion period xviii | Number of voting rights instrument refers to | % of voting rights xix, xx | |||||||||||
| Nominal | Delta | |||||||||||||||
| Total (A+B+C) | ||||||||||||||||
| Number of voting rights | Percentage of voting rights | |||||||||||||||
| 48,173,932 | 21.06% | |||||||||||||||
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi | ||
| ISIS EP LLP Baronsmead AIM VCT Plc holds 9.89% All other Clients hold less than 3% Registered name: Chase Nominees Limited | ||
| Proxy Voting: | ||
| 10. Name of the proxy holder: | ISIS EP LLP | |
| 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: | Karen Huxley | |
| 15. Contact telephone number: | 020 7506 5643 | |