TIDMMRX

RNS Number : 4488E

Metalrax Group PLC

06 April 2011

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the                   Metalrax Group plc 
 underlying issuer of existing shares to 
 which voting rights are attached: (ii) 
------------------------------------------  ---------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
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 An acquisition or disposal of voting rights                             Yes 
---------------------------------------------------------------------  ------- 
 An acquisition or disposal of qualifying financial instruments           No 
  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          No 
  effect to qualifying financial instruments 
---------------------------------------------------------------------  ------- 
 An event changing the breakdown of voting rights                         No 
---------------------------------------------------------------------  ------- 
 Other (please                                                            No 
  specify): 
--------------  -----------------------------------------------------  ------- 
 3. Full name of person(s) subject          Gartmore Investment Limited 
  to the 
  notification obligation: (iii) 
----------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s)                 Gartmore Fund Managers Limited 
  (if different from 3.):(iv)                      Gartmore Investment Limited 
----------------------------------  ------------------------------------------ 
 5. Date of the transaction and                  30(th) March 2011 
 date on which the threshold is 
 crossed or reached: (v) 
----------------------------------  ------------------------------------------ 
 6. Date on which issuer notified:               31(st) March 2011 
----------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are                         Below 5% 
 crossed or reached: (vi, vii) 
----------------------------------  ------------------------------------------ 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
----------------------------------------------------------------------------------------------------------------- 
 Class/type 
 of shares 
 if possible   Situation previous 
 using the      to the triggering                    Resulting situation after the triggering 
 ISIN CODE      transaction                           transaction 
------------  ------------------------------------  ------------------------------------------------------------- 
                               Number 
               Number           of 
                of              Voting               Number         Number of voting       % of voting 
                Shares          Rights                of shares      rights                 rights (x) 
------------  --------------  --------------------  -------------  ---------------------  ----------------------- 
                                                                    Direct   Indirect 
                                                     Direct          (xi)     (xii)        Direct     Indirect 
------------     ---  ------  ------  -----  -----  -------------  -------  ------------  ---------  ------------ 
 GB000583247   6,879,282       6,879,282             5,915,500               5,915,500                4.934% 
              --------------  --------------------  -------------  -------  ------------  ---------  ------------ 
 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------- 
                                                                    Number of voting 
                                                                     rights that may 
                                                                     be 
                                       Exercise/                     acquired if the 
 Type of financial     Expiration       Conversion Period            instrument is           % of voting 
  instrument            date (xiii)     (xiv)                        exercised/ converted.    rights 
--------------------  --------------  ---------------------------  -----------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
----------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------- 
                                              Exercise/ 
 Type of                                       Conversion    Number of voting 
 financial        Exercise     Expiration      period         rights instrument        % of voting rights 
 instrument        price        date (xvii)    (xviii)        refers to                 (xix, xx) 
---------------  -----------  -------------  -------------  ------------------------  --------------------------- 
                                                                                       Nominal          Delta 
---------------  -----------  -------------  -------------  ------------------------  ---------------  ---------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                     Percentage of voting rights 
----------------------------------------------------------  ----------------------------------------------------- 
 5,915,500                                                   4.934% 
----------------------------------------------------------  ----------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------ 
 
 
 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: 
-----------------------------------------------  ----------------------------- 
 
                                      All figures are based on the Company's 
                                       issued share capital of 119,897,298 
                                       as provided by Exshare 
 13. Additional information:           Email contact RDU@Gartmore.com 
-----------------------------------  ----------------------------------------- 
 14. Contact name:                    RDU 
-----------------------------------  ----------------------------------------- 
 15. Contact telephone number:        0207 782 2324 
-----------------------------------  ----------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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