Tangent Communications PLC Holding(s) in Company (3462R)
November 16 2012 - 8:31AM
UK Regulatory
TIDMTNG
RNS Number : 3462R
Tangent Communications PLC
16 November 2012
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
-------------------------------------------------------------------------------------------------
1. Identity of the issuer or Tangent Communications
the underlying issuer PLC
of existing shares 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 P
----------------------------------------------------------- ------------------------------------
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 P
----------------------------------------------------------- ------------------------------------
Other (please
specify):
---------------------------------------------------------- ------------------------------------
3. Full name of person(s) Herald Investment Management
subject to the Limited
notification obligation:
---------------------------------------------------------- -------------------------------------
4. Full name of shareholder(s) Discretionary investment management
(if different from 3.): clients of Herald Investment
Management Limited
---------------------------------------------------------- -------------------------------------
5. Date of the transaction Admission of second tranche
and date on of a total of 100,000,000
which the threshold is shares to trading on AIM on
crossed or 13(th) November 2012
reached:
---------------------------------------------------------- -------------------------------------
6. Date on which issuer 16(th) November 2012
notified:
---------------------------------------------------------- -------------------------------------
7. Threshold(s) that is/are
crossed or
reached: 5%
---------------------------------------------------------- -------------------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
----------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- ---------------------------------- -------------------------------------------------------------------
Number Number Number Number of % of voting
of of of shares voting rights
Shares Voting rights
Rights
------------- ---------------- ---------------- -------------- ------------------------ -------------------------
Indirect Direct Indirect Direct Indirect
------------- ------------ ------------ -------------- --------- ------------- ------------ -----------
GB0005405849 15,546,154
-------------- --------- ------------- ------------
5,846,154 5,846,154 15,546,154 5.62%
------------- ---------------- ---------------- ------------ ------- ------------- -------- -----------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument Period may be
acquired if
the
instrument
is
exercised/
converted.
----------------- -------------- -------------------------------- -------------------------- ---------------------
None Nil
----------------- -------------- -------------------------------- -------------------------- ---------------------
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 voting
financial price date Conversion rights instrument rights
instrument period refers to
--------------- -------------- -------------- ---------------- -------------------------- -----------------------
None Nominal Delta
--------------- -------------- -------------- ---------------- -------------------------- ------------ ---------
Nil
------------- ------------ ------------ ------------ ------- ------------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------------- -----------------------------------------------------------------
15,546,154 5.62%
--------------------------------------------------- -----------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
---------------------------------------------------------------------------
N/A
Proxy Voting:
---------------------------------------------------------------------------
10. Name of the proxy holder: N/A
--------------------------------------------------- ----------------------
11. Number of voting rights proxy N/A
holder will cease
to hold:
--------------------------------------------------- ----------------------
12. Date on which proxy holder will N/A
cease to hold
voting rights:
--------------------------------------------------- ----------------------
13. Additional information:
--------------------------------------------------- ----------------------
14. Contact name: Andrew Miller CFO
--------------------------------------------------- ----------------------
15. Contact telephone number: 020 7553 6308
--------------------------------------------------- ----------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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