TIDMPNX 
 
RNS Number : 4833L 
Phoenix IT Group PLC 
06 May 2010 
 

 
+--------------------------------------+ 
|                                      | 
+--------------------------------------+ 
|                                      | 
+--------------------------------------+ 
 
 
+-----------------------------------------------------------------------------+ 
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                              | 
+-----------------------------------------------------------------------------+ 
 
+------------------------------------+------------------------------+ 
| 1. Identity of the issuer or the   | Phoenix IT Group PLC         | 
| underlying issuer of existing      |                              | 
| shares to which voting rights are  |                              | 
| attached:                          |                              | 
+------------------------------------+------------------------------+ 
 
+----------------+----------------------------------------+--------------+ 
| 2 Reason for the notification (please tick the appropriate box or      | 
| boxes):                                                                | 
+------------------------------------------------------------------------+ 
|                                                         | YES          | 
| 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 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 notification  | Aberforth Partners LLP             | 
| obligation:                  |                                    | 
|                              |                                    | 
+------------------------------+------------------------------------+ 
| 4. Full name of              |  Shareholders Shares               | 
| shareholder(s) (if different |                                    | 
| from 3.):                    | 1. Aberforth Smaller Companies     | 
|                              | Trust plc                          | 
|                              | 4,668,866                          | 
|                              | 2. Aberforth UK Small Companies    | 
|                              | Fund                               | 
|                              | 1,645,598                          | 
|                              | 3. Aberforth Geared Capital &      | 
|                              | Income Trust plc                   | 
|                              | 878,273                            | 
|                              | 4. Aberforth Geared Income Trust   | 
|                              | plc                                | 
|                              | 407,000                            | 
|                              |                                    | 
|                              | All shares are registered in the   | 
|                              | name of Nortrust Nominees Ltd a/c  | 
|                              | Aberforth                          | 
|                              |                                    | 
+------------------------------+------------------------------------+ 
| 5. Date of the transaction   |                                    | 
| and date on which the        | 05/05/2010                         | 
| threshold is crossed or      |                                    | 
| reached:                     |                                    | 
|                              |                                    | 
+------------------------------+------------------------------------+ 
| 6. Date on which issuer      |                                    | 
| notified:                    | 06/05/2010                         | 
|                              |                                    | 
+------------------------------+------------------------------------+ 
| 7. Threshold(s) that is/are  |                                    | 
| crossed or reached:          | 10%                                | 
|                              |                                    | 
+------------------------------+------------------------------------+ 
 
+--------------+-------------+-----------+-------------+--------+-----------+--------+----------+ 
| 8. Notified details:                                                                          | 
+-----------------------------------------------------------------------------------------------+ 
| A: Voting rights attached to shares                                                           | 
|                                                                                               | 
+-----------------------------------------------------------------------------------------------+ 
| Class/type   | Situation               | Resulting situation after the triggering             | 
| of           | previous                | transaction                                          | 
| shares       | to the                  |                                                      | 
| if possible  | triggering              |                                                      | 
| using        | transaction             |                                                      | 
| the ISIN     |                         |                                                      | 
| CODE         |                         |                                                      | 
+              +-------------------------+------------------------------------------------------+ 
|              | Number      | Number    | Number      | Number of          | % of  voting      | 
|              | of          | of        | of          | voting             | rights            | 
|              | Shares      | Voting    | shares      | rights             |                   | 
|              |             | Rights    |             |                    |                   | 
+              +             +           +-------------+--------------------+-------------------+ 
|              |             |           | Direct      | Direct | Indirect  | Direct | Indirect | 
+--------------+-------------+-----------+-------------+--------+-----------+--------+----------+ 
| GB00B0315W65 | 7,379,737   | 7,379,737 | 7,599,737   | N/A    | 7,599,737 | N/A    | 10.11    | 
|              |             |           |             |        |           |        |          | 
+--------------+             +           +             +        +           +        +          + 
|              |             |           |             |        |           |        |          | 
+--------------+-------------+-----------+-------------+--------+-----------+--------+----------+ 
 
+-----------------+------------+----------------+-----------------+-------------+ 
| B: Qualifying Financial Instruments                                           | 
+-------------------------------------------------------------------------------+ 
| Resulting situation after the triggering transaction                          | 
|                                                                               | 
+-------------------------------------------------------------------------------+ 
| Type of         | Expiration | Exercise/      | Number of       | % of voting | 
| financial       | date       | Conversion     | voting          | rights      | 
| instrument      |            | Period         | rights that may |             | 
|                 |            |                | be              |             | 
|                 |            |                | acquired if the |             | 
|                 |            |                | instrument is   |             | 
|                 |            |                | exercised/      |             | 
|                 |            |                | converted.      |             | 
|                 |            |                |                 |             | 
+-----------------+------------+----------------+-----------------+-------------+ 
|  N/A            | N/A        | N/A            | N/A             | N/A         | 
+-----------------+------------+----------------+-----------------+-------------+ 
 
+------------+----------+------------+------------+-------------+------------+-------+ 
| C: Financial Instruments with similar economic effect to                           | 
| Qualifying Financial Instruments                                                   | 
+------------------------------------------------------------------------------------+ 
| Resulting situation after the triggering transaction                               | 
|                                                                                    | 
+------------------------------------------------------------------------------------+ 
| Type of    | Exercise | Expiration | Exercise/  | Number of   | % of               | 
| financial  | price    | date       | Conversion | voting      | voting             | 
| instrument |          |            | period     | rights      | rights             | 
|            |          |            |            | instrument  |                    | 
|            |          |            |            | refers to   |                    | 
+------------+----------+------------+------------+-------------+--------------------+ 
|  N/A       | N/A      | N/A        | N/A        | N/A         |  Nominal   |Delta  | 
|            |          |            |            |             |            |       | 
+            +          +            +            +             +------------+-------+ 
|            |          |            |            |             |  N/A       | N/A   | 
+------------+----------+------------+------------+-------------+------------+-------+ 
 
+------------------------------------+------------------------------+ 
| Total (A+B+C)                                                     | 
|                                                                   | 
+-------------------------------------------------------------------+ 
| Number of voting rights            | Percentage of voting rights  | 
+------------------------------------+------------------------------+ 
|  7,599,737                         | 10.11                        | 
+------------------------------------+------------------------------+ 
 
+-----------------------------------------------------------------------------+ 
| 9. Chain of controlled undertakings through which the voting rights and/or  | 
| the                                                                         | 
| financial instruments are effectively held, if applicable:                  | 
+-----------------------------------------------------------------------------+ 
| Held by Aberforth Partners LLP                                              | 
+-----------------------------------------------------------------------------+ 
 
+--------------------------------------------------+----------------+ 
| Proxy Voting:                                                     | 
|                                                                   | 
+-------------------------------------------------------------------+ 
| 10. Name of the proxy holder:                    |                | 
|                                                  | N/A            | 
|                                                  |                | 
+--------------------------------------------------+----------------+ 
| 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:                              | N/A            | 
|                                                  |                | 
+--------------------------------------------------+----------------+ 
 
+----------------------------+--------------------------------------+ 
| 13. Additional             |                                      | 
| information:               |                                      | 
|                            |                                      | 
+----------------------------+--------------------------------------+ 
| 14. Contact name:          |                                      | 
|                            | Pauline Robson, Aberforth Partners   | 
|                            | LLP                                  | 
+----------------------------+--------------------------------------+ 
| 15. Contact telephone      |                                      | 
| number:                    | 0131 220 0733                        | 
|                            |                                      | 
+----------------------------+--------------------------------------+ 
 
+--------------------------------------------------------------------+ 
| Annex: Notification of major interests in shares                   | 
+--------------------------------------------------------------------+ 
 
+------------------------------+------------------------------------+ 
| A: Identity of the persons or legal entity subject to the         | 
| notification obligation                                           | 
|                                                                   | 
+-------------------------------------------------------------------+ 
| Full name                    |                                    | 
| (Including legal form of     | Aberforth Partners LLP             | 
| legal entities)              |                                    | 
|                              |                                    | 
+------------------------------+------------------------------------+ 
| Contact Address              | Contact:                           | 
| (registered office for legal | 14 Melville Street, Edinburgh, EH3 | 
| entities)                    | 7NS                                | 
|                              | Registered Office:                 | 
|                              | Royal London House, 22-25 Finsbury | 
|                              | Square, London, EC2A 1DX           | 
|                              |                                    | 
+------------------------------+------------------------------------+ 
| Phone number & email         | 0131 220 0733                      | 
|                              | david.holland@aberforth.co.uk      | 
+------------------------------+------------------------------------+ 
| Other useful information     | Contact: David Holland             | 
| (at least legal              |                                    | 
| representative for legal     |                                    | 
| persons)                     |                                    | 
+------------------------------+------------------------------------+ 
 
+------------------------------+------------------------------------+ 
| B: Identity of the notifier, if applicable                        | 
|                                                                   | 
+-------------------------------------------------------------------+ 
| Full name                    | As above                           | 
|                              |                                    | 
+------------------------------+------------------------------------+ 
| Contact Address              | As above                           | 
+------------------------------+------------------------------------+ 
| Phone number & email         | As above                           | 
+------------------------------+------------------------------------+ 
| Other useful information     | As above                           | 
| (eg. Functional relationship |                                    | 
| with the person or legal     |                                    | 
| entity subject to the        |                                    | 
| notification obligation).    |                                    | 
|                              |                                    | 
+------------------------------+------------------------------------+ 
 
+--------------------------------------------------------------------+ 
| C: Additional information                                          | 
+--------------------------------------------------------------------+ 
| None.                                                              | 
+--------------------------------------------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 HOLUNSSRRSAVRAR 
 

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