TIDMMMC

RNS Number : 2891T

Management Consulting Group PLC

02 December 2011

The Company has received notification of the following increase in voting rights:

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
 
 1. Identity of the issuer or the underlying         MANAGEMENT CONSULTING GROUP PLC 
  issuer 
  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                                      X 
-----------------------------------------------------------------------------  ------- 
 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 
-----------------------------------------------------------------------------  ------- 
 An event changing the breakdown of voting rights 
-----------------------------------------------------------------------------  ------- 
 Other (please 
  specify): 
-------------------  --------------------------------------------------------  ------- 
 3. Full name of person(s) subject                                        BLUEGEM L.P. 
  to the 
  notification obligation: (iii) 
                                              ---------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
                                              ---------------------------------------- 
 5. Date of the transaction and date                                   1 December 2011 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
                                              ---------------------------------------- 
 6. Date on which issuer notified:                                     1 December 2011 
                                              ---------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                             25.5% 
                                              ---------------------------------------- 
 
 
 
 8. Notified details: 
 A: Voting rights attached to shares (viii, ix) 
 Class/type   Situation previous                    Resulting situation after the triggering 
 of            to the triggering                     transaction 
 shares        transaction 
 
 if 
 possible 
 using 
 the ISIN 
 CODE 
             ------------------------------------  ------------------------------------------------------------------------ 
              Number            Number              Number          Number of voting          % of voting rights 
               of                of                  of shares       rights                    (x) 
               Shares            Voting 
                                 Rights 
             ----------------  ------------------  --------------  ------------------------  ------------------------------ 
                                                    Direct          Direct      Indirect      Direct           Indirect 
                                                                     (xi)        (xii) 
               -----  -------  ------  -----  ---  --------------  ----------  ------------  ---------------  ------------- 
 ORDINARY     75,685,000        75,685,000          124,629,895     NIL         124,629,895   NIL              25.5% 
             ----------------  ------------------  --------------  ----------  ------------  ---------------  ------------- 
 
 
 B: Qualifying Financial Instruments 
 Resulting situation after the triggering transaction 
 Type of financial     Expiration       Exercise/                        Number of voting                % of voting 
  instrument            date (xiii)      Conversion Period                rights that may                 rights 
                                         (xiv)                            be 
                                                                          acquired if the 
                                                                          instrument is 
                                                                          exercised/ converted. 
                      ---------------  -------------------------------  ------------------------------  ------------------- 
 
 
 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 voting               % of voting rights 
 financial       price           date (xvii)    Conversion           rights instrument              (xix, xx) 
 instrument                                     period               refers to 
                                                (xviii) 
               --------------  -------------  -------------------  -----------------------------  ------------------------- 
                                                                                                   Nominal        Delta 
               --------------  -------------  -------------------  -----------------------------  -------------  ---------- 
 
 
 Total (A+B+C) 
 Number of voting rights                                          Percentage of voting rights 
                                                                 ---------------------------------------------------------- 
 124,629,895                                                      25.5% 
                                                                 ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
 
  BLUEGEM L.P., A FUND MANAGED BY BLUEGEM CAPITAL PARTNERS LLP, IS THE 
  OWNER OF THE ENTIRE ISSUED SHARE CAPITAL OF BLUEGEM BETA LIMITED. 
 
  BLUEGEM BETA LIMITED IS THE REGISTERED HOLDER OF 75,865,000 SHARES IN 
  THE CAPITAL OF THE ISSUER. BLUEGEM BETA LIMITED IS THE OWNER OF THE ENTIRE 
  ISSUED SHARE CAPITAL OF SHCO 30 S.a.r.l. 
 
  THE WARRANTS TO SUBSCRIBE FOR 35,344,895 ORDINARY SHARES PREVIOUSLY NOTIFIED 
  AS HELD BY BLUEGEM BETA LIMITED WERE TRANSFERRED BY BLUEGEM BETA LIMITED 
  TO SHCO 30 S.a.r.l ON 28 NOVEMBER 2011, AND SUBSEQUENTLY EXERCISED ON 
  1 DECEMBER 2011. A FURTHER 13,600,000 SHARES WERE ACQUIRED BY SHCO 30 
  S.a.r.l ON 1 DECEMBER 2011. 
 
  BLUEGEM L.P. ACCORDINGLY HAS A NOTIFIABLE INTEREST IN RESPECT OF 124,629,895 
  ORDINARY SHARES IN THE ISSUER. 
 
 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 percentage given at 7 and 8C 
                                              above is based on the total voting 
                                              rights of the issuer as disclosed 
                                              by the issuer on 30 November 2011, 
                                              together with the 35,344,895 ordinary 
                                              shares newly issued by the issuer 
                                              on 1 December 2011. 
 14. Contact name:                           SOPHIE GILCHRIEST 
                                            ----------------------------------------- 
 15. Contact telephone number:               020 7647 9716 
                                            ----------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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