Holding(s) in Company

RNS Number : 9799J

Sportech PLC

03 July 2017

 

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			Sportech Plc
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						x
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			Highvern Trustees Limited
City and country of registered office (if applicable)			Jersey, Channel Islands
4. Full name of shareholder(s) (if different from 3.)v
Name			Sulby Limited
City and country of registered office (if applicable)			Jersey, Channel Islands
5. Date on which the threshold was crossed or reachedvi:			30/06/2017
6. Date on which issuer notified (DD/MM/YYYY):			03/07/2017
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 of issuervii
Resulting situation on the date on which threshold was crossed or reached	2.69%			2.69%	185,614,244
Position of previous notification (if applicable)	5.54%			5.54%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Ord GBP0.50				5,000,000					2.69%
GB00B28ZPV64
SUBTOTAL 8. A		5,000,000					2.69%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
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 entityxiv (please add additional rows as necessary)				x
Namexv	% 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
Highvern Trustees Limited	2.69%
Sulby Limited	2.69%
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi
Highvern Trustees Limited, (formerly Coutts & Co Trustees (Jersey) Limited),  owned by MNM Holdings Limited, in its capacity as trustee of a settlement, indirectly held 10,276,274 ordinary shares in Sportech Plc which are held directly by Sulby Limited, an undertaking controlled by Highvern.  Newby Manor Ltd (a company ultimately owned by the family interests of Mr Trevor Hemmings) continues to have a notifiable interest in these shares under DTR 5.3(1) (b) (holdings of financial instruments with similar economic effecty to Qualifying Financial Instruments). This holding has decreased due to a sale of 5,276,274 shares. This Notification is based upon the Voting Rights figure of 185,614,244 obtained from a regulatory announcement dated 31st March 2017 following the Tender Offer.

Place of completion	Jersey, Channel Islands
Date of completion	03/07/2017

 

END

 

 

HOLSSWFIDFWSEEW