TIDMNSCI

RNS Number : 2576Z

NetScientific PLC

16 September 2015

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying                         NetScientific 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                                      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                              Zahra Holdings Limited 
  to the 
  notification obligation: (iii) 
--------------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
--------------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date                                 08 September 2015 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:                                   10 September 2015 
--------------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                               30% 
--------------------------------------------  ---------------------------------------- 
 
 
 
 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 (xi)    Indirect   Direct        Indirect 
                                                                                      (xii) 
-------------    ----  -----  ---  ----  -----  ----  -------------  -------------  ---------  ------------  ------------- 
 Ordinary 
 shares 
 of 5p          10,952,020          30.5%              10,702,020     10,702,020                29.8% 
               ------------------  -----------------  -------------  -------------  ---------  ------------  ------------- 
 GB00B9F4MT28 
-------------    ----  -----  ---  ----  -----  ----  -------  ----  ---  --------  ---------    ----  ----    ----------- 
 
 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 
-------------------------------------------------------------  ----------------------------------------------------------- 
 10,702,020                                                     29.8% 
-------------------------------------------------------------  ----------------------------------------------------------- 
 
 
 
 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:        The total holding of 10,702,020 shares 
                                     representing 29.8% of the Company's issued 
                                     capital is made up of the following. 
 
                                     Zahra Holdings Limited 6,291,567 
                                     Cyrus Holdings Limited 1,230,453 
                                     White Mustard Investments Limited 3,180,000 
---------------------------------  ----------------------------------------------- 
 14. Contact name:                                       Steve Gully/ Suzanne Yapp 
---------------------------------  ----------------------------------------------- 
 15. Contact telephone number:                          01534 813183/ 01534 813047 
---------------------------------  ----------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLGGURABUPAGGQ

(END) Dow Jones Newswires

September 16, 2015 08:01 ET (12:01 GMT)

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