Holding(s) in Company

RNS Number : 8756K

K3 Business Technology Group PLC

30 June 2014

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:			K3 Business Technologies Group plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				Yes
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:		Kestrel Partners LLP
4. Full name of shareholder(s)  (if different from 3.):		Kestrel Opportunities, a cell of Guernsey Portfolios PCC Ltd (through Rose Nominees Ltd) and various other clients of Kestrel Partners LLP (through JIM Nominees Ltd)
5. Date of the transaction and date on which the threshold is crossed or reached:		24 June 2014
6. Date on which issuer notified:		27 June 2014
7. Threshold(s) that is/are crossed or reached:		14%

8. Notified details:

A: Voting rights attached to shares

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

Direct

Direct

Indirect

Direct

Indirect

Ordinary Shares of 25p  each ISIN  GB00B00P6061

4,428,858

4,428,858

n/a

n/a

4,443,858

n/a

14.01%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

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

n/a

n/a

n/a

n/a

n/a

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

n/a

n/a

n/a

n/a

n/a

Nominal

Delta

n/a

n/a

Total (A+B+C)

Number of voting rights

Percentage of voting rights

4,443,858

14.01%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Indirect - Rose Nominees Limited - 3,859,651 Shares.  12.17% of voting rights Indirect - JIM Nominees Limited - 584,207 Shares.  1.84% of voting rights
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:	Disclosure based on Total voting rights of 31,721,482 The indirect voting rights held under (9) relate to shares held in client portfolios managed by Kestrel Partners LLP under discretionary investment management agreements
14. Contact name:	Ian Forrest
15. Contact telephone number:	0203 371 6100

 

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