Hansard Regulatory News (HSD)

30 Oct 2007 12:01

Hansard Global plc30 October 2007 Hansard Global PLC ("Hansard" or the "Company") Company Announcement Hansard Global plc, the specialist long-term savings provider based in the Isle of Man, received notice on Tuesday 30 October 2007 from Polar Cap Limited ("Polar Cap"), a significant shareholder in Hansard that, in accordance with the planned reorganisation of Polar Cap, a further stage in the solvent liquidation of Polar Cap had been completed. As set out in the Company's prospectus dated 13 December 2006, the directors ofPolar Cap adopted a plan of liquidation with a view to making a series of liquidating distributions and effecting a members' voluntary solvent liquidation. Pursuant to this plan Polar Cap would distribute its assets including its remaining holding in the Company, in-specie to its shareholders, including Dr Leonard Polonsky, Hansard's Executive Chairman. An interim stage of this process took place on 11 May 2007 and as a result 39,502,509 ordinary shares of 50p each in Hansard were distributed to the shareholders of Polar Cap. This notification relates to the remaining 39,506,668 shares in Hansard owned byPolar Cap. There has been no change in the underlying beneficial ownership in Hansard's shares as a result of the distribution of shares held by Polar Cap to Polar Cap shareholders. The table below sets out the holdings of Polar Cap, Dr Polonsky, The Polonsky Foundation and Others following this distribution (inclusive of the distribution made on 11 May 2007): +------------+-----------------------+---------------------+-------------------+------------------------+|Name | Number of shares |Number of shares |Aggregate holding |Percentage of Hansard's || | (1) held prior to |being distributed |as at 30 October |share capital || | this distribution| |on 30 October 2007 |2007 | |+------------+-----------------------+---------------------+-------------------+------------------------+|Polar Cap | 39,506,668 |(39,503,243) |3,425 |0.0% | Limited (2) | | | | |+------------+-----------------------+---------------------+-------------------+------------------------+|Dr Polonsky | 29,637,748 |29,638,325 |59,276,073 |43.2% | (3) | | | | |+------------+-----------------------+---------------------+-------------------+------------------------+|The Polonsky| 6,790,878 |6,791,010 |13,581,888 |9.9% | Foundation | | | | |+------------+-----------------------+---------------------+-------------------+------------------------+|Others (4) | 3,073,883 |3,073,908 |6,147,791 |4.5% |+------------+-----------------------+---------------------+-------------------+------------------------+|Total | 79,009,177 |- |79,009,177 |57.6% |+------------+-----------------------+---------------------+-------------------+------------------------+ (1) All ordinary shares in Hansard carry one vote per share (2) The 3,425 ordinary shares relate to (i) 3,391 shares in relation to one untraced shareholder in Polar Cap and (ii) 34 shares being fractional shares arising from this distribution (3) Notification in accordance with DTR 3.1.4R (1) (a) and DTR 3.1.4R (1) (b) (4) Others relate to all remaining holders in Polar Cap. (5) With the exception of Dr Polonsky none of the remaining Hansard Directors' holdings are impacted by the reorganization of Polar Cap (6) Percentage holdings shown with reference to the issued share capital of137,281,202 ordinary shares; total does not reflect the sum of the holdings by each party due to rounding At the time of the IPO, Polar Cap, the Directors of the Company, and thePolonsky Foundation signed lock-in agreements, which remain in place until 17December 2007; each of the Directors of the Company including Dr Polonsky also entered into orderly marketing arrangements from 18 December 2007 until 17 December 2008. Additionally, shares in Hansard numbering 3,090,868 included within "Other" in the table above are subject to similar orderly marketing agreements, which remain in place until 17 December 2007. For further information, please contact Hansard Global PlcGordon Marr 01624 688000 Bell Pottinger Corporate & FinancialBen Woodford / Dan de Belder 020 7861 3232 This information is provided by RNS The company news service from the London Stock Exchange