Holding(s) in Company (Hargreave Hale)

RNS Number : 9441H

Flowtech Fluidpower PLC

23 May 2014

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			FLOWTECH FLUIDPOWER PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				ü
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights				ü
Other
3. Full name of person(s) subject to the notification obligation: iii	HARGREAVE HALE LIMITED
4. Full name of shareholder(s)  (if different from 3.):iv	DISCRETIONARY CLIENTS
5. Date of the transaction and date on which the threshold is crossed or reached: v	21 MAY 2014
6. Date on which issuer notified:	22 MAY 2014
7. Threshold(s) that is/are crossed or reached: vi, vii	5%, 10%, 11%, 12%, 13% and 14%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Indirect

Direct xi

Indirect xii

Direct

Indirect

GB00BM4NR742

0

0

5,614,066

5,614,066

14.0352%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

5,614,066

14.0352%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
4,501,587 of these shares are held for unit trusts operated by Marlborough Fund Managers Ltd, for whom Hargreave Hale Ltd manages the portfolio of investments on a discretionary basis. The remaining balance is held on behalf of other discretionary clients.
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:	The change in the percentage of shares held is mostly due to participation in the placing/IPO by Flowtech Fluidpower Plc, the shares from which were admitted to AIM on 21/05/2014.
14. Contact name:	David Clueit
15. Contact telephone number:	01253 754739

 

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