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.
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
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1. Identity of the issuer or the underlying issuer |
Sarantel Group plc |
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2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
P |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to the |
Foresight Group CI Limited (acting as Manager of Foresight VCT PLC, Foresight 2 VCT PLC, Foresight 3 VCT PLC) |
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4. Full name of shareholder(s) |
Foresight VCT PLC, Foresight 2 VCT PLC, Foresight 3 VCT PLC |
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5. Date of the transaction and date on |
27 March 2013 |
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6. Date on which issuer notified: |
10 April 2013 |
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7. Threshold(s) that is/are crossed or |
3.0% |
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8. Notified details: |
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A: Voting rights attached to shares viii, ix |
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Class/type of
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights x |
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Direct |
Direct xi |
Indirect xii |
Direct |
Indirect |
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Ordinary A shares and Ordinary B shares |
33,225,445 |
33,225,445 |
0 |
0 |
0 |
0% |
0% |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial |
Expiration |
Exercise/ |
Number of voting |
% of voting |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi |
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Resulting situation after the triggering transaction |
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Type of financial |
Exercise price |
Expiration date xvii |
Exercise/ |
Number of voting rights instrument refers to
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% of voting rights xix, xx
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Nominal |
Delta |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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0 |
0% |
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9. Chain of controlled undertakings through which the voting rights and/or the |
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All shares are held through Ferlim Nominee Limited.
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Proxy Voting: |
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10. Name of the proxy holder: |
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11. Number of voting rights proxy holder will cease |
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12. Date on which proxy holder will cease to hold |
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14. Contact name: |
Matt Smith |
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15. Contact telephone number: |
+44 1732 471 828 |
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Enquiries
Sarantel Group PLC |
01933 670 560 |
David Wither, Chief Executive Officer Nicola Malyon, Chief Financial Officer |
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Beaumont Cornish (Nominated Adviser) |
020 7628 3396 |
Roland Cornish/Michael Cornish
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XCAP Securities PLC (Corporate Broker ) |
020 7101 7070 |
David Lawman/Halimah Hussain |
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ENDS