TR-1: Notification of Major Interest in Shares |
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
Filtronic plc |
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2. Reason for notification (yes/no): |
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An acquisition or disposal of voting rights |
YES |
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An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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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 the person(s) subject to notification obligation: |
ABERFORTH PARTNERS LLP |
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4. Full name of shareholder(s) (if different from 3): |
Nortrust Nominees Ltd |
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5. Date of transaction (and date on which the threshold is crossed or reached if different): |
19/01/2017 |
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6. Date on which issuer notified: |
20/01/2017 |
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7. Threshold(s) that is/are crossed or reached: |
12% |
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8. Notified details |
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A: Voting rights attached to shares |
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Class/type of shares |
Situation previous to the triggering transaction |
Resulting situation after the triggering transaction |
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Number of shares |
Number of voting rights |
Number of shares |
Number of voting rights |
Percentage of voting rights |
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Direct |
Indirect |
Direct |
Indirect |
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Ordinary |
26,733,715 |
26,733,715
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24,581,915 |
N/A |
24,581,915 |
N/A |
11.88% |
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B: Financial instruments |
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Resulting situation after the triggering transaction |
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Type of financial instrument |
Expiration date |
Exercise/ conversion period/date |
No of voting rights that may be acquired (if the instrument exercised/ converted |
Percentage of voting rights |
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N/A |
N/A |
N/A |
N/A |
N/A |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial instrument |
Expiration Price |
Expiration Date |
Exercise/ conversion period/date |
No of voting rights instrument refers to |
Percentage of voting rights |
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N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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24,581,915 |
11.88 |
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9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
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Held by Aberforth Partners LLP |
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Proxy Voting: |
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10. Name of proxy holder: |
N/A |
11. Number of voting rights proxy holder will cease to hold: |
N/A |
12. Date on which proxy holder will cease to hold voting rights: |
N/A |
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13. Additional information: |
In addition, Aberforth Partners LLP is interested in a further 2,623,093 shares in the Company although Aberforth does not have access to the voting rights of these shares. Aberforth Partners LLP is, therefore, interested in a total of 27,205,008 shares in the Company. |
14. Contact name: |
Pauline Robson, Aberforth Partners LLP |
15. Contact telephone number: |
0131 220 0733 |