TIDMPNX

RNS Number : 5584H

Phoenix IT Group PLC

12 July 2012

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------- 
 
 
 1. Identity of the issuer or the 
  underlying issuer of existing shares    Phoenix IT Group PLC 
  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                YES 
----------------------------------------------------------  ------------ 
 
  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 obligation:        Aberforth Partners LLP 
-------------------------------------  ---------------------------------- 
 4. Full name of shareholder(s)         Shareholders Shares 
  (if different from 3.): 
                                         1.Aberforth Smaller Companies 
                                         Trust plc 8,125,111 
                                         2. Aberforth UK Small Companies 
                                         Fund 1,813,690 
                                         3. Aberforth Geared Income Trust 
                                         plc 2,143,673 
 
                                         All shares are registered in 
                                         the name of Nortrust Nominees 
                                         Ltd a/c Aberforth 
-------------------------------------  ---------------------------------- 
 5. Date of the transaction and 
  date on which the threshold is 
  crossed or reached:                    06/07/2012 
-------------------------------------  ---------------------------------- 
 
 6. Date on which issuer notified:       09/07/2012 
-------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are crossed 
  or reached:                            16% 
-------------------------------------  ---------------------------------- 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------- 
 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 
                    Shares       Voting 
                                 Rights 
----------------  -----------  -----------  -----------  --------------------  --------------------- 
                                             Direct       Direct   Indirect     Direct     Indirect 
----------------  -----------  -----------  -----------  -------  -----------  ---------  ---------- 
 Ordinary          11,511,396   11,511,396   12,082,474   N/A      12,082,474   N/A        16.03 
                  -----------  -----------  -----------  -------  -----------  ---------  ---------- 
 GB00B0315W65 
----------------  -----------  -----------  -----------  -------  -----------  ---------  ---------- 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------ 
 Type of financial   Expiration   Exercise/     Number of voting         % of voting 
  instrument          date         Conversion    rights that              rights 
                                   Period        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 financial   Exercise   Expiration   Exercise/     Number of voting     % of voting 
  instrument          price      date         Conversion    rights instrument    rights 
                                              period        refers to 
------------------  ---------  -----------  ------------  -------------------  ---------------- 
                                                                                Nominal   Delta 
------------------  ---------  -----------  ------------  -------------------  --------  ------ 
 N/A                 N/A        N/A          N/A           N/A                  N/A       N/A 
------------------  ---------  -----------  ------------  -------------------  --------  ------ 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
 12,082,474                16.03 
------------------------  ---------------------------- 
 
 
 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 
-------------------------------  ------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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