30 Jan 2012 08:00
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:
Nasstar plc
2 Reason for the notification:
An acquisition or disposal of voting rights
3. Full name of person(s) subject to the notification obligation:
Hargreave Hale Limited
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:
26 January 2012
6. Date on which issuer notified:
27 January 2012
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 | |
Number of Shares | Number of Voting Rights | |
GB00B0T1S097 | 19,781 | 19,781 |
Class/type of shares if possible using the ISIN CODE | Resulting situation after the triggering transaction | |||||
Number of shares | Number of voting rights | % of voting rights | ||||
Direct | Indirect | Direct | Indirect | Direct | Indirect | |
GB00B0T1S097 | - | 2,946,610 | - | 2,946,610 | - | 5.4913% |
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction | ||||
Type of financialinstrument | Expirationdate | Exercise/ConversionPeriod | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights |
- | - | - | - | - |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction | ||||||
Type of financialinstrument | Exerciseprice | Expirationdate | Exercise/Conversionperiod | Number of votingrights instrumentrefers to | % of voting rights | |
Nominal | Delta | |||||
- | - | - | - | - | - | - |
Total (A+B+C)
Number of voting rights | Percentage of voting rights |
2,946,610 | 5.4913% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
2,926,829 of these shares are held in unit trusts operated by Marlborough Fund Managers Ltd for whom Hargreave Hale Ltd manages the portfolio of investments on a discretionary basis. The remaining shares are held on behalf of other discretionary clients.
Proxy Voting:
10. Name of the proxy holder:
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:
The Discretionary holdings increase was as a result of a purchase made as part of the placing of Nasstar Plc's shares, which were admitted to AIM on 26/01/2012.
14. Contact name:
David Clueit
15. Contact telephone number:
01253 754739