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Company Announcements

Holding(s) in Company

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By LSE RNS

RNS Number : 1982N
Porta Communications PLC
04 August 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:

Porta Communications 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


An acquisition or disposal of financial instruments


An event changing the breakdown of voting rights


Other (please specify)iii:                             allotment of new shares and a debt for equity swap

x

3. Details of person subject to the notification obligationiv

Name

Morton PTC Limited as Trustee of the Morton Family Trust (MFT), Hawk Investment Holdings Limited (HIHL), Morton PTC Limited as Trustee of The Edward Trust (ET), Retro Grand Limited (RGL), Seraffina Holdings Limited (SHL), Groundlinks Limited (GL) Hawk Pension Fund Limited (HPFL) 

City and country of registered office (if applicable)

 HIHL - St Peter Port, Guernsey

RGL - Tortola, British Virgin Islands

SHL - Tortola, British Virgin Islands

GL - Tortola, British Virgin Islands

HPFL - St Helier, Jersey

4. Full name of shareholder(s) (if different from 3.)v

Name

Hawk Investment Holdings Limited

City and country of registered office (if applicable)

St Peter Port, Guernsey

5. Date on which the threshold was crossed or reachedvi:

3 August 2017

6. Date on which issuer notified (DD/MM/YYYY):

4 August 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

15.58


15.58

443,341,441

Position of previous notification (if

applicable)

17.86


17.86


 

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)

GB00B71C7K21

69,054,007

(HIHL)

 

30,262,931

(RGL)

 

450,000

(SHL)

 

6,750,000

(GL)

 

850,000

(HPFL)


15.58

 

 

6.83

 

 

0.10

 

 

1.52

 

 

0.19












SUBTOTAL 8. A

107,367,008

24.22

 

 

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
date
x

Exercise/
Conversion Period
xi

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
date
x

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 entity
xiv (please add additional rows as necessary)


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

MFT as sole shareholder of HIHL.  The Board of Directors of the Morton PTC are Albany Directors Limited, Mr Anthony David Holt, Robert Walter Morton (RWM) and Susan Margaret Howard Morton (SMHM).  The adult beneficiaries of The Morton Family Trust are SMHM, RWM, Charles Morton (CNM), Edward Morton (EM) and Andrew Morton (ARM)

0

0

0

HIHL

15.58

0

15.58





ET as sole shareholder of RGL .  The ultimate beneficiary of ET is EGM

0

0

0

RGL

6.83

0

6.83





SHL - the ultimate beneficiary of SHL is CNM

0.10

0

0.10





GL - the ultimate beneficiary of GL is ARM

1.52

0

1.52





HPFL - the ultimate beneficiary of HPFL is SMHM

0.19

0

0.19


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


 

Place of completion

St Peter Port, Guernsey

Date of completion

4 August 2017

 


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