Major Interest in Shares

RNS Number : 0361D

AssetCo PLC

09 September 2008

 



For immedaite Release

9 September 2008

AssetCo plc

Regulatory News

TR-1: Notifications of Major Interests in Shares - 9th September 2008

1.    Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ASSETCO PLC

2.    Reason for notification: An acquisition of voting rights: 

3.    Full name of person(s) subject to notification obligation: NORTH ATLANTIC VALUE LLP (AS INVESTMENT MANAGER/ADVISOR) 

4.    Full name of shareholder(s): (i) North Atlantic Value LLP (as investment manager/adviser to fund management clients (ii) Oryx International Growth Fund Limited

5.    Date of transaction (and date on which the threshold is crossed or reached if different): 29th August 2008

6.    Date on which issuer notified: 8th September 2008

7.    Threshold(s) that is/are crossed or reached: Total Holding Above 5% 

8.    Notified Details: A: Voting rights attached to shares: Class/type of shares Ordinary Shares of 25p

Situation previous to the triggering transaction:

Holder	Number of Shares	Number of Voting Rights
North Atlantic Value LLP	1,328,500	1,328,500
Oryx International Growth Fund Limited	2,250,000	2,250,000

Resulting situation after the triggering transaction:

Holder	Number of Shares	Number of Voting Rights	Percentage of Voting Rights
North Atlantic Value LLP	1,798,500	1,798,500	2.49%
Oryx International Growth Fund Limited	2,250,000	2,250,000	3.12%
Total	4,048,500	4,048,500	5.61%

9.    Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Proxy Voting: Not applicable

10.    Name of proxy holder: Not applicable

11.    Number of voting rights proxy holder will cease to hold: Not applicable

12.    Date on which proxy holder will cease to hold voting rights: Not applicable

13.    Additional information: North Atlantic Value LLP is the investment manager/adviser in respect of the full holding of 5.61% as it is investment manager/adviser to holders 1 and 2.

14.    Contact name and Telephone Number: Bonita Guntrip (North Atlantic Value LLP) 020 7747 5681 Michael Lavender (AssetCo plc) 020 8515 3801

 

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