Intec Telecom Systems PLC
3 December 2001
DEALINGS BY SUBSTANTIAL SHAREHOLDERS
1) NAME OF COMPANY
INTEC TELECOM SYSTEMS PLC
2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST
MICAN LIMITED
3) Please state whether notification indicates that it is in respect of
holding of the Shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18
SHAREHOLDER NAMED IN 2.
4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them.
MICAN LIMITED
5) Number of shares/amount of stock acquired.
-
6) ( - %) of issued Class
7) Number of shares/amount of stock disposed
6,600,000
8) (3.59%) of issued Class
9) Class of security
1 PENCE ORDINARY SHARES
10) Date of transaction
30/11/01
11) Date company informed
3/12/01
12) Total holding following this notification
87,452,524
13) Total percentage holding of issued class following this notification
47.6%
14) Any additional information
SEE BELOW
15) Name of contact and telephone number for queries
JEAN B. EXELBY - 01483 745868/07718 780565
16) Name and signature of authorised company official responsible for
making this notification
Date of Notification .... 3 DEC 2001
LETTER TO: INTEC TELECOM SYSTEMS PLC
Notification of Change in Substantial Interest
On 30 November 2001, Mican Limited ('Mican'), a company registered in the
British Virgin Islands, sold 6,600,000 ordinary shares of 1p each in Intec,
representing 3.6 per cent of the current issued share capital, at a price of
68.6 pence per share, net of commission.
Following the transaction, Mican retains an interest in 87,452,524 Intec
ordinary shares, representing 47.6 per cent of the current issued share capital.
A Jersey based trust, of which the family of Intec Telecom Systems chairman Mike
Frayne are beneficiaries, is a material shareholder in Mican. Through Mican, the
Jersey based trust is interested in an aggregate 28,353,519 Intec shares,
representing 15.4 per cent of the current issued share capital. The transaction
by Mican does not give rise to any change in the holding of the Jersey based
trust, the beneficial holdings of Mr Frayne or his family, nor any other
director of Intec.
LETTER FROM: MICAN LIMITED
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Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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