NNG Newport Network

    RNS Number : 9899U
  Newport Networks Group PLC
  21 May 2008
   

    TR-l: NOTIFICATION OF MAJOR INTERESTS IN SHARES

    1.   Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):

         Newport Networks Group PLC ordinary shares of 0.1 pence each

    2.   Reason for the notification: (please state Yes/No):
    
      An acquisition or disposal of voting rights 

    3.   Full name of the person(s) subject to the notification obligation: 

          GAM International Management Limited   

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

          N/A

    5.   Date of the transaction and date on which the threshold is crossed or reached:

          09/05/2008

    6.   Date on which issuer notified:

          21/05/2008

    7.   Threshold(s) that is/are crossed or reached:

          5%  

    8.   Notified details:

          A: Voting rights attached to shares

 Class /type of shares           Situation Previous to the                   Resulting situation after the Triggering Transaction vii  
                                 TriggeringTransaction
 If possible using the ISIN      Number of Shares      Number of voting      Number of Shares        Number of voting Rights iv  % of voting
Rights 
 CODE                                                  Rightsviii
                                                                                 Direct  Indirect       Direct x    Indirect xi   Direct   
Indirect

 GB00B00ST620                    18,871,740            18,871,740            15,597,040           -   15,597,040              -      4.25%

         B:     Financial Instruments

                  Resulting situation after the triggering transactionxii

 Type of  Expiration Datexiii  Exercise          Number of voting  % of voting
 financi                       Conversio       Rights that may be  rights
 al                            n Period           Acquired if the
 instrum                       / Date               instrument is
 ent                           xiv           exercised/converted.

 n/a


 Total (A+B)

 Number of voting rights  % of voting rights
 15,597,040               4.25%



    9.   Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
          held, if applicable xv

          GAM International Management Limited is the discretionart investment manager for the following:

 Period of interest         08/04/2008 to 15/04/2008
 Security                   Newport Networks Group Ordinary GBP 0.001
 ISIN                       GB00800ST620
 SEDOL                      B00ST62
 Uptix Code                 B00ST62
 Number of shares in issue  366,582,833

 Fund Name                         Last Trade Date  Nominal        % of Issued
 GAM Star UK Dynamic Equity        09/05/2008       5,255,028.00   1.43
 Investments
 GAM UK Equity Hedge Investments   09/05/2008       10,342,012.00  2.82
 Inc.

    Proxy Voting:

    10.  Name of the proxy holder: 

           Institutional Shareholder Services

    11.  Number of voting rights proxy holder will cease to hold:

           N/A

    12.  Date on which proxy holder will cease to hold voting rights:

           Not applicable

    13.  Additional information

     N/A

    14.  Contact name:

           Kemi Thomas 

    15.  Contact telephone number:

           +44 (0)20 7917 2356

    END

    21 May 2008


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