Holding(s) in Company

RNS Number : 4927X

Northgate PLC

14 August 2009

 



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:

NORTHGATE PLC ISIN CODE GB0003775441

2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
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		X
An event changing the breakdown of voting rights
Other (please specify):	RIGHTS ISSUE BECOMING EFFECTIVE 12 AUGUST 09.	X

3. Full name of person(s) subject to the notification obligation:	SARK MASTER FUND BOUSSARD & GAVAUDAN LONG TERM VALUE (BGLTV) BOUSSARD & GAVAUDAN LONG TERM ALTERNATIVE (BGLTA)
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:	12 AUGUST 2009
6. Date on which issuer notified:	13 AUGUST 2009/14 AUGUST 2009
7. Threshold(s) that is/are crossed or reached:	37%

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

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
CFD				45,008,156	Nominal	Delta
					£0.1625	£7,313,825

Total (A+B+C)
Number of voting rights	Percentage of voting rights
45,008,156	37.34%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

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:	THE PERCENTAGES ABOVE ARE CALCULATED ON THE CURRENT TVR FIGURE OF 20,548,045 AND DO NOT TAKE INTO CONSIDERATION THE ISSUE OF THE FULLY PAID RIGHTS OF 1,205,480,450
14. Contact name:	DAVID HENDERSON
15. Contact telephone number:	01325 467558

 

END

 

 

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