TIDMELE

RNS Number : 2750S

Electric Word PLC

16 March 2016

 
 For filings with the FCA include the 
  annex 
 
 
 For filings with issuer exclude the 
  annex 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                   Electric Word plc 
  the underlying 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                                    No 
----------------------------------------------------------------  ------------------------------ 
 An acquisition or disposal of qualifying financial                             No 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
----------------------------------------------------------------  ------------------------------ 
 An acquisition or disposal of instruments with                                 No 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------------  ------------------------------ 
 An event changing the breakdown of voting rights                               No 
----------------------------------------------------------------  ------------------------------ 
 Other (please                                                                  Yes 
  specify): 
  See box 13 
-------------------------------------------------------  -------  ------------------------------ 
 3. Full name of person(s)                                  Livingbridge VC LLP 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ------------------------------------- 
 4. Full name of shareholder(s)                             Baronsmead Venture Trust plc 
  (if different from 3.):(iv)                                - 10.27% 
                                                             Baronsmead Second Venture 
                                                             Trust plc - 10.34% 
                                                             Baronsmead VCT 5 plc - 7.05% 
---------------------------------------------------------  ------------------------------------- 
 5. Date of the transaction                                 11/03/2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ------------------------------------- 
 6. Date on which issuer                                    14/03/2016 
  notified: 
---------------------------------------------------------  ------------------------------------- 
 7. Threshold(s) that is/are                                6%, 7%, 8%, 9% & 10% 
  crossed or 
  reached: (vi, vii) 
---------------------------------------------------------  ------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 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 voting         % of voting 
                 of                 of                  of shares       rights                   rights (x) 
                 hares              Voting 
                                    Rights 
--------------  ----------------  ------------------  --------------  -----------------------  ----------------------- 
                                                       Direct          Direct     Indirect      Direct      Indirect 
                                                                       (xi)        (xii) 
--------------      ------------      ------------    --------------  ---------  ------------  ----------  ----------- 
 
  GB0003083622 
  GBP 1          112,657,540                                                      112,657,540               27.6% 
                ------------------                    --------------  ---------  ------------  ----------  ----------- 
                                     27.6% 
--------------      ------------    ----------------    ------------    -------  ------------    --------    --------- 
 
 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 
                      (xiii)            Period (xiv)                      may be 
                                                                          acquired if 
                                                                          the 
                                                                          instrument 
                                                                          is 
                                                                          exercised/ 
                                                                          converted. 
------------------  ----------------  --------------------------------  -----------------------  --------------------- 
                                                                                                  Nil 
------------------  ----------------  --------------------------------  -----------------------  --------------------- 
 
 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 
 financial          price          date              Conversion         rights instrument        rights (xix, 
 instrument                        (xvii)            period             refers to                xx) 
                                                     (xviii) 
----------------  --------------  ----------------  ----------------  -----------------------  ----------------------- 
                                                                                                Nominal       Delta 
----------------  --------------  ----------------  ----------------  -----------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                 Percentage of voting rights 
------------------------------------------------------  -------------------------------------------------------------- 
 
   112,657,540                                           27.6% 
------------------------------------------------------  -------------------------------------------------------------- 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------------------------------------------------- 
 
   Livingbridge VC LLP 
   Baronsmead Venture Trust plc - 10.27% 
   Baronsmead Second Venture Trust plc - 10.34% 
   Baronsmead VCT 5 plc - 7.05% 
 
   Registered in the name of Chase Nominees Ltd 
 
 Proxy Voting: 
---------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                                    Livingbridge VC LLP 
-------------------------------------------------------------------------------  ------------------------------------- 
 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:                             Electric Word plc shares 
                                                          formerly held by Baronsmead 
                                                          VCT plc have been transferred 
                                                          to Baronsmead Venture Trust 
                                                          plc as a result of a merger 
                                                          and shares held by Baronsmead 
                                                          VCT 4 plc have been transferred

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March 16, 2016 05:49 ET (09:49 GMT)

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