Notification of Major Interest in Shares
November 02 2010 - 12:57PM
UK Regulatory
TIDMITL
+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
+----------------------------------------------+-------------------------------+
|
+----------------------------------------------+-------------------------------+
|1. Identity of the issuer or the underlying | |
|issuer | Intec Telecom Systems Plc |
|of existing shares to which voting rights are | |
|attached:(ii) | |
+----------------------------------------------+-------------------------------+
|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 | Yes |
|effect to qualifying financial instruments | |
+---------------------------------------------------------------------+--------+
|An event changing the breakdown of voting rights | |
+-----------------------+---------------------------------------------+--------+
|Other (please specify):| | |
+-----------------------+--------------+------------------------------+--------+
|3. Full name of person(s) subject to | |
|the | Cheyne Capital Management (UK) LLP |
|notification obligation:(iii) | |
+--------------------------------------+---------------------------------------+
| | |
|4. Full name of shareholder(s) | |
| (if different from 3.):(iv) | Fund managed by Cheyne Capital |
| | Management (UK) LLP |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on| |
|which the threshold is crossed or | 1(st) November 2010 |
|reached:(v) | |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified: | 2(nd) November 2010 |
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or| 3% |
|reached:(vi, vii) | |
+--------------------------------------+---------------------------------------+
|8. Notified details: | |
+-----------------------+--------------+-------+----------------------+--------+
+------------------------------------------------------------------------------+
|A: Voting rights attached to shares (viii, ix) |
+-----------+--------------+---------------------------------------------------+
|Class/type |Situation |Resulting situation after the triggering |
|of |previous |transaction |
|shares |to the | |
| |triggering | |
|if possible|transaction | |
|using +------+-------+-------+------------------+------------------------+
|the ISIN |Number|Number |Number |Number of voting |% of voting rights (x) |
|CODE |of |of |of |rights | |
| |Shares|Voting |shares | | |
| | |Righ s +-------+--------+---------+------+-----------------+
| | | | |Direct |Indirect |Direct|Indirect |
| | | | |(xi) |(xii) | | |
+-----------+------+-------+-------+--------+---------+------+-----------------+
| | | | | | | | |
|N/A | | | | | | | |
| | | | | | | | |
| | | | | | | | |
+-----------+------+-------+-------+--------+---------+------+-----------------+
+------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction |
+------------+----------+--------------+---------------+-----------------------+
|Type of |Expiration|Exercise/ |Number of |% of voting |
|financial |date(xiii)|Conversion |voting |rights |
|instrument | |Period(xiv) |rights that may| |
| | | |be | |
| | | |acquired if the| |
| | | |instrument is | |
| | | |exercised/ | |
| | | |converted. | |
+------------+----------+--------------+---------------+-----------------------+
|N/A | | | | |
+------------+----------+--------------+---------------+-----------------------+
+----------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying |
|Financial Instruments (xv, xvi) |
+----------------------------------------------------------------------------+
|Resulting situation after the triggering transaction |
+------------+---------+-----------+--------------+-----------+--------------+
|Type of |Exercise |Expiration |Exercise/ |Number of |% of voting |
|financial |price |date (xvii)|Conversion |voting |rights (xix, |
|instrument | | |period(xviii) |rights |xx) |
| | | | |instrument | |
| | | | |refers to | |
| | | | | | |
+------------+---------+-----------+--------------+-----------+-------+------+
| | | | | |Nominal|Delta |
+------------+---------+-----------+--------------+-----------+-------+------+
|CFD | |N/A |N/A |9,718,763 |3.08% |3.08% |
+------------+---------+-----------+--------------+-----------+-------+------+
+------------------------------------------------------------------------------+
|Total (A+B+C) |
+---------------------------+--------------------------------------------------+
|Number of voting rights |Percentage of voting rights - delta adjusted |
+---------------------------+--------------------------------------------------+
| | |
|9,718,763 |3.08% |
| | |
+-----------++-----+----+--++------+---+----+---------++-----+-----------------+
+--------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or|
|the |
|financial instruments are effectively held, if applicable:(xxi) |
+--------------------------------------------------------------------------+
| |
|None |
+--------------------------------------------------------------------------+
+--------------------------------------------------------------------------+
|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: |None |
+-----------------------------+--------------------------------------------+
|14. Contact name: |Aurelie Lauduique |
+-----------------------------+--------------------------------------------+
|15. Contact telephone number:|020 7698 7351 |
+-----------------------------+-------------------+------------------------+
[HUG#1458254]
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(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.
Source: Intec Telecom Systems Plc via Thomson Reuters ONE
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