Holding(s) in Company

RNS Number : 4860Y
Sarantel Group PLC
03 September 2009
 

3 September 2009



Sarantel Group PLC

('Sarantel' or the 'Company')


Holdings in Company


The Company received notification today that on 2 September 2009 the MTI3 & MTI3'B' Limited Partnerships (in Liquidation), in furtherance of its liquidation, sold its entire holding of 243,769 ordinary shares in the issued share capital of Sarantel (the 'Ordinary Shares'), equivalent to 0.13 per cent. of the voting share capital of the Company. The shares were sold at a price of 2.3p per share and were held in the name of its custodian, MTIP Nominees Limited


MTIP Nominees Limited is a wholly-owned subsidiary of MTI Partners Limited. MTI Partners Limited is a venture capital firm, of which Ernie Richardson is a director and a Managing Partner. Mr Richardson is also a Non-Executive Director of the Company.


Following the disposalMTIP Nominees Limited, as custodian for the MTI4 & MTI4'B' Limited Partnerships, holds a total of 30,307,313 Ordinary Shares, equivalent to 15.87 per cent. of the voting share capital of the Company.  



Enquiries:


Sarantel Group PLC

01933 670 560

David Wither, Chief Executive Officer 


Sitkow Yeung, Finance Director




John East & Partners Limited, a subsidiary of Merchant Securities PLC

John East/Simon Clements

020 7628 2200



College Hill 


Carl Franklin/Adrian Duffield 

020 7457 2020




About Sarantel

Sarantel is a leader in the design of high-performance miniature antennas for portable wireless applications. Sarantel's revolutionary ceramic filtering antennas offer dramatically improved performance over existing antenna designs, resulting in a clearer signal, better range and a 90 per cent reduction in the amount of signal radiation absorbed by the body. Because of their smaller size and higher capabilities, Sarantel's antennas enable manufacturers to create innovative wireless products for the GPS, WiMax, Satellite Radio and Satellite phone markets. 

www.sarantel.com






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