Holding(s) in Company
19 Dezember 2007 - 12:31PM
UK Regulatory
19 December 2007
TEP Exchange Group plc
("TEP" or "The Company")
Holdings in Company
The Company announces it has been notified that Surrenda-link Limited
(Surrenda-link) has sold 16,000,000 Ordinary Shares ("the Transaction") in the
Company (equivalent to 4 per cent of its ordinary share capital) to Close
Horizons Limited ("Close Horizons"). Under the Takeover Code, Surrenda-link and
Close Horizons, which ultimately have identical shareholders, are deemed to be
a Concert Party. The number of Ordinary Shares held by the members of the
Concert Party before and after the Transaction, together with their respective
percentages of the issued share capital of the Company are set-out in the table
below:
Number of Percentage
Ordinary
Shares
Before the transaction
Shareholder:
Surrenda-link 209,032,798 52.26
Close Horizons 8,833,333 2.21
217,866,131 54.47
After the transaction
Shareholder:
Surrenda-link 193,032,798 48.26
Close Horizons 24,833,333 6.21
217,866,131 54.47
For further information please contact:
TEP Exchange Group plc 01244 319 520
Paul Sands 020 7628 2200
John East & Partners Limited
John East / Simon Clements
END
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