Holding(s) in Company

Herald Investment Trust PLC

19 February 2024

 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB0004228648

Issuer Name

HERALD INVESTMENT TRUST PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of financial instruments; An event changing the breakdown of voting rights

3. Details of person subject to the notification obligation

Name

Saba Capital Management, L.P.

City of registered office (if applicable)

New York

Country of registered office (if applicable)

United States

4. Details of the shareholder

Name	City of registered office	Country of registered office
Saba Capital Master Fund, Ltd		Cayman Islands
Saba Capital R Fund, Ltd		Cayman Islands
Saba Capital Income & Opportunities Fund II		United States
Saba Capital CEF Special Opportunities Master Fund 2, Ltd		Cayman Islands
Saba Capital Income & Opportunities Fund		United States
Saba Capital Bluebird Fund, Ltd		Cayman Islands
Saba Capital Arcadia Master Fund, Ltd.		Cayman Islands

5. Date on which the threshold was crossed or reached

15-Feb-2024

6. Date on which Issuer notified

16-Feb-2024

7. Total positions of person(s) subject to the notification obligation

	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	0.683500	11.325943	12.009443	6664564
Position of previous notification (if applicable)	0.674100	10.358000	11.032100

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
GB0004228648	379309	0	0.683500	0.000000
Sub Total 8.A	379309		0.683500%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Total Return Swap	08/17/2024		Cash	6285255	11.325943
Sub Total 8.B2				6285255	11.325943%

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Boaz Weinstein	Saba Capital Management GP, LLC
Saba Capital Management GP, LLC	Saba Capital Management, LP			12.009443%

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

16-Feb-2024

13. Place Of Completion

New York, NY

 

END