9 Oct 2015 16:40
Nasstar plc ("Nasstar" or the "Company")
Holdings in Company
Nasstar plc (AIM: NASA), a provider of hosted managed and cloud computing services, has received notification from Kestrel Partners LLP that it has a total direct and indirect interest in 91,964,829 ordinary shares of 1p each in the Company, equivalent to 23.89% of Nasstar's total issued share capital. The full notification is provided below.
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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 | Yes | |||
Other (please specify): | ||||
3. Full name of person(s) subject to thenotification obligation: iii | Kestrel Partners LLP | |||
4. Full name of shareholder(s) (if different from 3.):iv | Kestrel Opportunities, a cell of Guernsey Portfolios PCC Ltd (through BNY Mellon Nominees Limited) and various other clients of Kestrel Partners LLP (through JIM Nominees Ltd and Bank of New York Nominees Limited) | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 08 October 2015 | |||
6. Date on which issuer notified: | 09 October 2015 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | Down through 24% | |||
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 | Direct xi | Indirect xii | Direct | Indirect | |||||||||||||
Ordinary Shares of 1p each ISIN GB00B0T1S097 | 91,964,829 | 91,964,829 | n/a | n/a | 91,964,829 | n/a | 23.89% | ||||||||||
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 | |||||||||||||
n/a | n/a | n/a | n/a | n/a | |||||||||||||
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
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n/a | n/a | n/a | n/a | n/a | Nominal | Delta | |||||||||||
n/a | n/a | ||||||||||||||||
Total (A+B+C) | |||||||||||||||||
Number of voting rights | Percentage of voting rights | ||||||||||||||||
91,964,829 | 23.89% | ||||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
Indirect - BNY Mellon Nominees Limited - 66,496,548 Shares. 17.28% of voting rights Indirect - JIM Nominees Limited - 18,501,069 Shares. 4.81% of voting rights Indirect - Bank of New York Nominees Limited - 6,967,212 Shares. 1.81% of voting rights
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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: | Disclosure based on Total voting rights of 384,875,619. Following Nasstar's acquisition of VESK Group and issue of 18,431,172 new shares, this has decreased Kestrel Partners LLP's holding to under 24%.The indirect voting rights held under (9) relate to shares held in client portfolios managed by Kestrel Partners LLP under discretionary investment management agreements | |
14. Contact name: | Ian Forrest | |
15. Contact telephone number: | 0203 371 6100 | |