Tangent Communications PLC Holding(s) in Company (8596H)

TIDMTNG TIDMOIG
RNS Number : 8596H
Tangent Communications PLC
22 May 2014
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
--------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                    TANGENT COMMUNICATIONS 
  the underlying issuer                                                             PLC 
  of existing shares to which 
  voting rights are 
  attached: 
----------------------------------------------------------  --------------------------- 
 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)                                    ORYX INTERNATIONAL GROWTH 
  subject to the                                                           FUND LIMITED 
  notification obligation: 
----------------------------------------------------------  --------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.): 
----------------------------------------------------------  --------------------------- 
 5. Date of the transaction                                                 21 May 2014 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
----------------------------------------------------------  --------------------------- 
 6. Date on which issuer                                                    22 May 2014 
  notified: 
----------------------------------------------------------  --------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached:                                                                           3% 
----------------------------------------------------------  --------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                 Resulting situation after the 
  of             to the triggering                  triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  ---------------------------------  -------------------------------------------------------------------- 
                Number           Number            Number          Number of voting           % of voting 
                 of               of                of shares       rights                     rights 
                 Shares           Voting 
                                  Rights 
-------------  ---------------  ----------------  --------------  -------------------------  ------------------------- 
                                                   Direct          Direct        Indirect     Direct        Indirect 
-------------      -----------    ------------    --------------  ------------  -----------  ------------  ----------- 
 GB0005405849   8,424,150        8,424,150                         8,500,000     8,500,000    3.03% 
               ---------------  ----------------  --------------  ------------  -----------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration     Exercise/                         Number of voting             % of voting 
 financial           date           Conversion                        rights that                  rights 
 instrument                         Period                            may be 
                                                                      acquired if 
                                                                      the 
                                                                      instrument 
                                                                      is 
                                                                      exercised/ 
                                                                      converted. 
-----------------  -------------  --------------------------------  ---------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise       Expiration      Exercise/         Number of voting             % of voting 
 financial         price         date            Conversion         rights instrument            rights 
 instrument                                      period             refers to 
---------------  -------------  --------------  ----------------  ---------------------------  ----------------------- 
                                                                                                Nominal       Delta 
---------------  -------------  --------------  ----------------  ---------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                             Percentage of voting rights 
--------------------------------------------------  ------------------------------------------------------------------ 
 8,500,000                                           3.03% 
--------------------------------------------------  ------------------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
------------------------------------------------------------------------------------------------ 
 
 
 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: 
-------------------------------------------------------------  --------------------------------- 
 14. Contact name:                                                                   SARA BOURNE 
                                                                 BNP PARIBAS SECURITIES SERVICES 
                                                                         S.C.A., GUERNSEY BRANCH 
                                                                            AS COMPANY SECRETARY 
-------------------------------------------------------------  --------------------------------- 
 15. Contact telephone number:                                                      01481 750858 
-------------------------------------------------------------  ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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