Holding(s) in Company

RNS Number : 5296S

Vela Technologies PLC

21 December 2016

 

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:			Vela Technologies 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):	Change in Ownership of Shareholder			X
3. Full name of person(s) subject to the notification obligation:		Arthur Leonard Robert Morton (ALRM), Susan Margaret Howard Morton (SMHM), Morton PTC Limited as Trustee of the Morton Family Trust (MFT) and Groundlinks Limited (GL).
4. Full name of shareholder(s)  (if different from 3.):		Hawk Investment Holdings Limited
5. Date of the transaction and date on which the threshold is crossed or reached:		1st - 14th December 2016
6. Date on which issuer notified:		21st December 2016
7. Threshold(s) that is/are crossed or reached:		3% for ALRM only

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

GB00BYZ9XC29

22,734,382

22,734,382

18,734,700 (MFT) 3,999,682 (GL)

18,734,700 (MFT) 3,999,682 (GL)

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

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Hawk Investment Holdings Limited (HIHL) continues to hold 18,734,700 Vela Technologies Plc shares representing 2.6% of the voting rights. HIHL's ownership has transferred from ALRM & SMHM to Morton PTC Limited as Trustee of the MFT.  The Board of Directors of the Morton PTC is Albany Directors Limited, Mr Robert Walter Morton and Mrs Susan Margaret Howard Morton. The beneficiaries of the Morton Family Trust are Susan Margaret Howard Morton, Andrew Robert Morton, Edward George Morton, Charles Nicholas Morton and Robert Walter Morton. Groundlinks Limited continues to hold 3,999,682 shares representing 0.6% of the voting rights. The ultimate beneficiary of GL is Andrew Robert Morton.
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:	Albany Trustee Company Limited
14. Contact name:	Emma McIntosh
15. Contact telephone number:	01481 724136

 

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