27 Apr 2010 16:46
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):
Insetco Plc
2. Reason for the notification (please state Yes/No): ( )
An acquisition or disposal of voting rights: (Yes)
An acquisition or disposal of 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):
William Anthony Batty
4. Full name of shareholder(s) (if different from 3.) (iv):
N/A
5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v):
23 April 2010 & 26 April 2010
6. Date on which issuer notified:
27 April 2010
7. Threshold(s) that is/are crossed or reached:
9%
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) |
| GB00B5KNBL14 Ordinary shares | 182,585 | - |
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 |
| GB00B5KNBL14 Ordinary shares | 77,585 | 77,585 |
| 3.7% |
|
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 |
| Warrant | None | N/A | 365,170 (excluding other warrants) | 17.4% |
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 | % of voting rights |
| 442,755 | 21.1% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):
N/A
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:
Note: The above calculations do not take into account 60,435,779 unexercised warrants
14. Contact name:
Antony Batty
15. Contact telephone number:
020 7831 1234