Notification of Major Interest in Shares (1818E)
04 April 2011 - 8:01AM
UK Regulatory
TIDMIDA TIDM76EO
RNS Number : 1818E
IdaTech PLC
04 April 2011
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or the
underlying issuer of existing shares to
which voting rights are attached: (ii) IdaTech Plc
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2 Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights Yes
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An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached
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An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments
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An event changing the breakdown of voting rights
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Other (please
specify):
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3. Full name of person(s) subject
to the
notification obligation: (iii) Investec Bank plc
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4. Full name of shareholder(s)
(if different from 3.):(iv)
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5. Date of the transaction and date
on
which the threshold is crossed or
reached: (v) 31 March 2011
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6. Date on which issuer notified: 01 April 2011
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7. Threshold(s) that is/are crossed
or
reached: (vi, vii) 50%
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8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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Class/type
of shares if
possible Situation previous
using the to the triggering Resulting situation after the triggering
ISIN CODE transaction transaction
------------- ----------------------------------- --------------------------------------------------------------------
Number
Number of
of Voting Number Number of voting % of voting rights
Shares Rights of shares rights (x)
------------- --------------- ------------------ ------------- ------------------------ ---------------------------
Direct Indirect
Direct (xi) (xii) Direct Indirect
------------- ---- ------- ------ ----- --- ------------- ------------- --------- ------------- ------------
Ordinary
shares 36,169,887 36,169,887 25,704,887 25,704,887 0 49.13 0
--------------- ------------------ ------------- ------------- --------- ------------- ------------
GB00B1WTNQ84
------------- ---- ------- ------ ----- --- ----------- ---- ------- --------- --- ---- ---------
B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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Number of voting
rights that may
be
Exercise/ acquired if the
Type of financial Expiration Conversion Period instrument is % of voting
instrument date (xiii) (xiv) exercised/ converted. rights
--------------------- --------------- ------------------------------- --------------------------- ------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments (xv, xvi)
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Resulting situation after the triggering transaction
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Exercise/
Type of Conversion Number of voting
financial Exercise Expiration period rights instrument % of voting rights
instrument price date (xvii) (xviii) refers to (xix, xx)
--------------- ------------- ------------- ------------------ ---------------------------- -----------------------
Nominal Delta
--------------- ------------- ------------- ------------------ ---------------------------- ------------ ---------
Total (A+B+C)
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Number of voting rights Percentage of voting rights
--------------------------------------------------------------- -------------------------------------------------------
25,704,887 49.13
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9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
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Proxy Voting:
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10. Name of the proxy holder:
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11. Number of voting rights proxy holder will
cease
to hold:
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12. Date on which proxy holder will cease to
hold
voting rights:
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13. Additional information:
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14. Contact name: Gary Darch
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15. Contact telephone number: 020 7597 4549
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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