3 September 2009
Sarantel Group PLC
("Sarantel" or the "Company")
Holdings in Company
The Company received notification today that on 2 September 2009 the MTI3 & MTI3'B' Limited Partnerships (in Liquidation), in furtherance of its liquidation, sold its entire holding of 243,769 ordinary shares in the issued share capital of Sarantel (the "Ordinary Shares"), equivalent to 0.13 per cent. of the voting share capital of the Company. The shares were sold at a price of 2.3p per share and were held in the name of its custodian, MTIP Nominees Limited.
MTIP Nominees Limited is a wholly-owned subsidiary of MTI Partners Limited. MTI Partners Limited is a venture capital firm, of which Ernie Richardson is a director and a Managing Partner. Mr Richardson is also a Non-Executive Director of the Company.
Following the disposal, MTIP Nominees Limited, as custodian for the MTI4 & MTI4'B' Limited Partnerships, holds a total of 30,307,313 Ordinary Shares, equivalent to 15.87 per cent. of the voting share capital of the Company.
Enquiries:
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Sarantel Group PLC |
01933 670 560 |
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David Wither, Chief Executive Officer |
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Sitkow Yeung, Finance Director |
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John East & Partners Limited, a subsidiary of Merchant Securities PLC |
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John East/Simon Clements |
020 7628 2200 |
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College Hill |
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Carl Franklin/Adrian Duffield |
020 7457 2020 |
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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.