RNS Number : 3061B
Sarantel Group PLC
02 April 2013
 



For immediate release

2 April 2013

Sarantel Group plc

("Sarantel" or the "Company")

Holding(s) in Company

Sarantel was notified on 28 March 2013 that Ali Mortazavi is beneficially interested directly in 13,187,422 ordinary shares and indirectly (through a qualifying instrument) in a further 17,500,000 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 105,837,750 ordinary shares and indirectly (through a qualifying instrument) in a further 17,500,000 ordinary shares, in aggregate representing approximately 11.14 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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