Holding(s) in Company

RNS Number : 4315A

ITE Group PLC

07 June 2016

 

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				ITE Group plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					X
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
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		Mason Hill Advisors, LLC
4. Full name of shareholder(s)  (if different from 3.):iv		Nortrust Nominees Limited is a nominee shareholder in respect of 12,675,441 of the shares in ITE Group PLC described above.
5. Date of the transaction and date on which the threshold is crossed or reached: v		2 June 2016
6. Date on which issuer notified:		6 June 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		Below 5%

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

Direct xi

Indirect xii

Direct

Indirect

ORDINARY SHARES ISIN: GB0002520509

13,930,526

13,930,526

12,675,441

4.84%

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

12,675,441

4.84%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder:		Mason Hill Advisors, LLC
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:	Mason Hill Advisors, LLC acts as an investment manager for Equinox Partners, LP, Kurato Fund, L.P. and Mason Hill Partners, LP. Equinox Partners, LP beneficially holds 5,663,817 (or 2.16%) of the shares in ITE Group PLC described above, Mason Hill Partners, LP beneficially holds 1,790,308 (or 0.68%) of the shares in ITE Group PLC described above and Kuroto Fund, L.P. beneficially holds 5,221,316 (or 2.00%) of the shares in ITE Group PLC described above.
14. Contact name:	Massimo Devellis
15. Contact telephone number:	+001 [phone]

For further information, please contact:
Full name:	Anneka Milham
Contact Address:	ITE Group plc 105 Salusbury Road, London. NW6 6RG
Phone Number:	020 7596 5139

 

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