Last checked at 28 Mar 2013 15:40
For immediate release
28 March 2013
Sarantel Group plc
("Sarantel" or the "Company")
Holding(s) in Company
Sarantel was today notified that Ali Mortazavi is beneficially interested directly in 15,687,422 ordinary shares and indirectly (through a qualifying instrument) in a further 15,000,000 ordinary shares, in aggregate representing approximately 3.70 per cent of the Company's current issued ordinary share capital.
In addition, Ali Mortazavi has subscribed for 92,650,328 ordinary shares pursuant to the placing announced on 26 March 2013. On completion of the placing Ali Mortazavi will be beneficially interested directly in 108,337,750 ordinary shares and indirectly (through a qualifying instrument) in a further 15,000,000 ordinary shares, in aggregate representing approximately 11.14 per cent of the Company's enlarged issued ordinary share capital.
Sarantel was also notified today that Michael Hennigan is beneficially interested in 44,587,422 ordinary shares representing approximately 5.37 per cent of the Company's current issued ordinary share capital.
In addition, Michael Hennigan has subscribed for 92,650,328 ordinary shares pursuant to the placing announced on 26 March 2013. On completion of the placing Michael Hennigan will be beneficially interested in 137,237,750 ordinary shares, representing approximately 12.39 per cent of the Company's enlarged issued ordinary share capital.
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 |
Jon Belliss/Halimah Hussain | |
About Sarantel
Sarantel is a leader in the design of high-performance miniature antennas for portable wireless applications. Sarantel's revolutionary ceramic filtering antennas offer dramatically improved performance over existing antenna designs, resulting in a clearer signal, better range and a 90 per cent reduction in the amount of signal radiation absorbed by the body. Because of their smaller size and higher capabilities, Sarantel's antennas enable manufacturers to create innovative wireless products for the GPS, WiMax, Satellite Radio and Satellite phone markets. www.sarantel.com