TIDMPNX

RNS Number : 7759C

Phoenix IT Group PLC

19 April 2013

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying          PHOENIX IT GROUP PLC 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
---------------------------------------------------  ------------------------------------ 
 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             Toscafund Asset Management LLP 
  to the 
  notification obligation: (iii) 
--------------------------------------------  ------------------------------------------- 
 4. Full name of shareholder(s)                Tosca Mid Cap 
  (if different from 3.):(iv)                   DB Platinum Tosca Mid Cap Equity Fund 
                                                Tosca Opportunity 
--------------------------------------------  ------------------------------------------- 
 5. Date of the transaction and date           16/04/2013 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  ------------------------------------------- 
 6. Date on which issuer notified:             18/04/2013 
--------------------------------------------  ------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                           16% 
--------------------------------------------  ------------------------------------------- 
 
 
 
 8. Notified details: 
-------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
-------------------------------------------------------------------------------------------------------------------------- 
 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                   (x) 
                 Shares            Voting 
                                   Rights 
-------------  ----------------  ------------------  -------------  -----------------------  ----------------------------- 
                                                      Direct         Direct      Indirect     Direct         Indirect 
                                                                      (xi)        (xii) 
-------------    -----  -------  ------  -----  ---  -------------  ----------  -----------  -------------  -------------- 
 
 GB00B0315W65   11,774,888        11,774,888          12,274,888     0           12,274,888   0              16.2839% 
               ----------------  ------------------  -------------  ----------  -----------  -------------  -------------- 
 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------- 
 Type of financial       Expiration       Exercise/                       Number of voting             % of voting 
  instrument              date (xiii)      Conversion Period               rights that may              rights 
                                           (xiv)                           be 
                                                                           acquired if the 
                                                                           instrument is 
                                                                           exercised/ converted. 
----------------------  ---------------  ------------------------------  ---------------------------  -------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
-------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise        Expiration     Exercise/           Number of voting             % of voting rights 
 financial         price           date (xvii)    Conversion          rights instrument            (xix, xx) 
 instrument                                       period              refers to 
                                                  (xviii) 
---------------  --------------  -------------  ------------------  ---------------------------  ------------------------- 
                                                                                                  Nominal       Delta 
---------------  --------------  -------------  ------------------  ---------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  -------------------------------------------------------- 
 12,274,888                                                        16.2839% 
----------------------------------------------------------------  -------------------------------------------------------- 
 
 
 
 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: 
---------------------------------------------------  --------------------------- 
 
 
  13. Additional information: 
----------------------------------------  -------------------------------------- 
 14. Contact name:                         Robert Lord 
----------------------------------------  -------------------------------------- 
 15. Contact telephone number:             020 7845 6100 
----------------------------------------  -------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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