Notification of Major Interes

RNS Number : 3031Z
Spark Ventures PLC
12 January 2011
 



 

SPARK Ventures plc ("SPARK" or the Company)

 

12 January 2011

 

Notification of major interests in shares

 

The Company was notified on 10 January 2011 that St James's Place UK Growth Unit Trust (one of the funds managed by RWC Partners Ltd) bought 2,500,000 ordinary shares on 15 December 2010 taking the total ownership of this trust to 29,394,424 ordinary shares, which represents 7.2% of the voting rights and issued share capital (after excluding shares held in Treasury) in the Company.

 

Additionally the Company was informed yesterday that RWC partners have set up and manage a new fund called the RWC UK Focus Fund. This new fund bought 6,000,000 ordinary shares in SPARK in the period 14 - 16 December 2010.

 

Therefore in aggregate RWC Partners Ltd now manage 49,854,977 ordinary shares in SPARK which represents 12.1% of the voting rights and issued share capital (after excluding shares held in Treasury) in the Company.

 

The shares are held as follows:

 

Shareholder

Ordinary shares held

 

 

RWC Pilgrim Fund

5,816,453

DBX European Long/Short Equity 1 Fund

164,100

St James Place UK Growth Fund

29,394,424

Rhodia Pension Fund

8,480,000

RWC UK Focus Fund

6,000,000

Total

49,854,977

 

For further information:

 

SPARK Ventures plc 020 7851 7777

Andrew Betton, Company Secretary

 

Collins Stewart Europe Limited

Stewart Wallace 020 7523 8350

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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