25 Jul 2014 14:00
Nasstar plc
("Nasstar" or the "Company")
Holdings in Company
Nasstar plc (AIM: NASA), the hosted desktop cloud service provider, has received notification from Hargreave Hale Limited that it has a total direct and indirect interest in 43,116,829 ordinary shares of 1p each in the Company, equivalent to 11.77% of Nasstar's total issued share capital. The full notification is provided below.
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | ||||
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | NASSTAR PLC | |||
2 Reason for the notification (please tick the appropriate box or boxes): | ||||
An acquisition or disposal of voting rights | ||||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | ||||
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | ||||
An event changing the breakdown of voting rights | ü | |||
Other (please specify): | ||||
3. Full name of person(s) subject to thenotification obligation: iii | HARGREAVE HALE LIMITED | |||
4. Full name of shareholder(s) (if different from 3.):iv | DISCRETIONARY CLIENTS | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 24 JULY 2014 | |||
6. Date on which issuer notified: | 25 JULY 2014 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | 12% | |||
8. Notified details: | ||||||||||||||||
A: Voting rights attached to shares viii, ix | ||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | ||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | ||||||||||||
Direct | Indirect | Direct xi | Indirect xii | Direct | Indirect | |||||||||||
GB00B0T1S097 | 43,116,829 | 43,116,829 | 43,116,829 | 43,116,829 | 11.7663% | |||||||||||
B: Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | ||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | 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 | |||||||||||||||
43,116,829 | 11.7663% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
All 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. | ||
Proxy Voting: | ||
10. Name of the proxy holder: | ||
11. Number of voting rights proxy holder will ceaseto hold: | ||
12. Date on which proxy holder will cease to holdvoting rights: | ||
13. Additional information: | The change in the percentage of shares held is entirely due to the recent issue of shares by Nasstar Plc, which were admitted to AIM on 24/07/2014. | |
14. Contact name: | David Clueit | |
15. Contact telephone number: | 01253 754739 | |