RNS Number : 4315A
ITE Group PLC
07 June 2016
 

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi



1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached: ii

ITE Group 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: iii

Mason Hill Advisors, LLC

4. Full name of shareholder(s)
 (if different from 3.):iv

Nortrust Nominees Limited is a nominee shareholder in respect of 12,675,441 of the shares in ITE Group PLC described above.

 

 

5. Date of the transaction and date on
which the threshold is crossed or
reached: v

2 June 2016

6. Date on which issuer notified:

6 June 2016

7. Threshold(s) that is/are crossed or
reached: vi, vii

Below 5%


 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

ORDINARY SHARES
ISIN: GB0002520509

         

 

          13,930,526

 

 

 

13,930,526

         

         

 

 


12,675,441


4.84%

 



B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date xiii

Exercise/
Conversion Period xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights







C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 





 

 

Nominal

Delta




Total (A+B+C)

Number of voting rights

Percentage of voting rights

12,675,441

 

4.84%

 


 

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:

Mason Hill Advisors, LLC

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:


Mason Hill Advisors, LLC acts as an investment manager for Equinox Partners, LP, Kurato Fund, L.P. and Mason Hill Partners, LP.

 

Equinox Partners, LP beneficially holds 5,663,817 (or 2.16%) of the shares in ITE Group PLC described above, Mason Hill Partners, LP beneficially holds 1,790,308 (or 0.68%) of the shares in ITE Group PLC described above and Kuroto Fund, L.P. beneficially holds 5,221,316 (or 2.00%) of the shares in ITE Group PLC described above. 

 

14. Contact name:

Massimo Devellis

15. Contact telephone number:

+001 (646) 833-2787

 

For further information, please contact:

 


Full name:

 

Anneka Milham

Contact Address:

ITE Group plc

105 Salusbury Road, London. NW6 6RG

 

Phone Number:

020 7596 5139

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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