TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached: RENN UNIVERSAL GROWTH
INVESTMENT TRUST PLC
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) subject to the
notification obligation: Mr. Steven Robert Becker
4. Full name of shareholder(s)
if different from 3.): J.P. Morgan Clearing Corp.
5. Date of the transaction and date on which
the threshold is crossed or reached: 24 March 2014
6. Date on which issuer notified: 1 May 2014
7. Threshold(s) that is/are crossed or reached: Below 14%, 13%, 12% and 11%
8. Notified details:
A: Voting rights attached to shares
Class/type Situation previous Resulting situation after the triggering transaction
of shares to the triggering
transaction
if possible Number Number Number Number of voting % of voting
using of of of rights rights
the ISIN Shares Voting shares
CODE Rights
Direct Direct Indirect Direct Indirect
GB0007325185 1,908,000 1,908,000 1,404,618 10.74%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that may be rights
instrument Period 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
financial price date Conversion rights instrument voting rights
instrument period refers to
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
1,404,618 10.74%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
J.P. Morgan Clearing Corp. directly holds the 1,404,618 shares as custodian
for two funds, being Becker Drapkin Partners (QP) L.P.(as to 1,250,290 shares)
and Becker Drapkin Partners L.P. (as to 154,328 shares)(the "Funds").
The Funds are both controlled undertakings of Becker Drapkin Management L.P.
which is the general partner and the investment manager of the Funds.
Becker Drapkin Management L.P. is a controlled undertaking of BC Advisors LLC
which is the general partner of Becker Drapkin Management L.P. BC Advisors LLC
is a controlled undertaking of Mr. Steven Robert Becker.
Becker Drapkin Management L.P., BC Advisors LLC and Mr. Steven Robert Becker
each hold an indirect interest in 1,404,618 shares, Becker Drapkin Partners
(QP) L.P. holds an indirect interest in 1,250,290 shares and Becker Drapkin
Partners L.P. holds an indirect interest in 154,328 shares.
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:
15. Contact telephone number: