Last checked at 23 Apr 2013 09:53
For immediate release
23 April 2013
Sarantel Group plc
("Sarantel" or the "Company")
Holding(s) in Company
Sarantel was informed on 22 April 2013 that Foresight Group no longer has a notifiable interest in the issued share capital of Sarantel.
As at today's date the Company has 183,902 B Ordinary Shares in issue.
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 | Sarantel Group plc | |||
2 Reason for the notification (please tick the appropriate box or boxes): | ||||
An acquisition or disposal of voting rights | P | |||
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 | ||||
Other (please specify): | ||||
3. Full name of person(s) subject to thenotification obligation: iii | Foresight Group CI Limited (acting as Manager of Foresight VCT PLC, Foresight 2 VCT PLC, Foresight 3 VCT PLC) | |||
4. Full name of shareholder(s) (if different from 3.):iv | Foresight VCT PLC, Foresight 2 VCT PLC, Foresight 3 VCT PLC | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 27 March 2013 | |||
6. Date on which issuer notified: | 10 April 2013 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | 3.0% | |||
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 A shares and Ordinary B shares | 33,225,445 | 33,225,445 | 0 | 0 | 0 | 0% | 0% | |||||||||
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 | |||||||||||||||
0 | 0% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
All shares are held through Ferlim Nominee Limited.
| ||
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: | ||
14. Contact name: | Matt Smith | |
15. Contact telephone number: | +44 1732 471 828 | |
Enquiries
Sarantel Group PLC | 01933 670 560 |
David Wither, Chief Executive Officer Nicola Malyon, Chief Financial Officer | |
Beaumont Cornish (Nominated Adviser) | 020 7628 3396 |
Roland Cornish/Michael Cornish
| |
XCAP Securities PLC (Corporate Broker ) | 020 7101 7070 |
David Lawman/Halimah Hussain |
ENDS