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Holding(s) in Company

2 Apr 2013 13:04

RNS Number : 3413B
Sarantel Group PLC
02 April 2013
 



For immediate release

2 April 2013

Sarantel Group plc

("Sarantel" or the "Company")

Amendment to Holding in Company

Sarantel was today notified of an amendment to the announced holding of Ali Mortazavi who 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 123,337,750 ordinary shares and indirectly (through a qualifying instrument) in a further 17,500,000 ordinary shares, in aggregate representing approximately 12.72 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

This information is provided by RNS
The company news service from the London Stock Exchange
 
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