TIDMPNX

RNS Number : 2804I

Phoenix IT Group PLC

01 July 2013

 
 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                         Aberforth Partners LLP 
  obligation: 
-------------------------------------------------  -------------------------------------------------- 
 4. Full name of shareholder(s)                      Shareholders Shares 
  (if different from 3.): 
                                                      1.Aberforth Smaller Companies Trust 
                                                      plc 8,982,934 
                                                      2. Aberforth UK Small Companies 
                                                      Fund 834,367 
                                                      3. Aberforth Geared Income Trust 
                                                      plc 2,369,073 
 
                                                      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:                              27/06/2013 
-------------------------------------------------  -------------------------------------------------- 
 
 6. Date on which issuer notified:                    28/06/2013 
-------------------------------------------------  -------------------------------------------------- 
 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   Indirect     Direct   Indirect 
---------------  -----------  -----------  ------  -----  -------  -----------  -------  ------------ 
  Ordinary        11,388,051   11,388,051   12,186,374     N/A      12,186,374   N/A      16.15 
                 -----------  -----------  -------------  -------  -----------  -------  ------------ 
  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 
------------------------------------  ---------------------------- 
 12,186,374                             16.15 
------------------------------------  ---------------------------- 
 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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