TIDMPNX

RNS Number : 5423S

Phoenix IT Group PLC

08 July 2015

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying                  PHOENIX IT GROUP PLC 
  issuer                                                         Sedol: B0315W6 
  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 
-----------------------------------------------------------------------------  ------------ 
 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                     ü 
  effect to qualifying financial instruments 
-----------------------------------------------------------------------------  ------------ 
 An event changing the breakdown of voting rights 
-----------------------------------------------------------------------------  ------------ 
 Other (please 
  specify): 
-------------------  --------------------------------------------------------  ------------ 
 3. Full name of person(s) subject                     PSQUARED ASSET MANAGEMENT AG 
  to the 
  notification obligation: (iii) 
--------------------------------------------  --------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
--------------------------------------------  --------------------------------------------- 
 5. Date of the transaction and date                           06 JULY 2015 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  --------------------------------------------- 
 6. Date on which issuer notified:                             07 JULY 2015 
--------------------------------------------  --------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                3% 
--------------------------------------------  --------------------------------------------- 
 
 
 
 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          rights                    (x) 
                   Shares          Voting                 shares 
                                   Rights 
---------------  --------------  ----------------------  ---------  ------------------------  ------------------------------ 
                                                          Direct     Direct        Indirect    Direct            Indirect 
                                                                      (xi)          (xii) 
---------------   ----  -------  -------  ------  -----  ---------  ------------  ----------  ----------------  ------------ 
 
 
 
 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) 
----------------  -------------  ---------------  ----------------  -----------------------------  ------------------------- 
 EQUITY SWAP       N/A            2 YRS            N/A                        3,000,000             Nominal       Delta 
  (CONTRACT FOR 
  DIFFERENCE) 
----------------  -------------  ---------------  ----------------  -----------------------------  ------------  ----------- 
                                                                                                    3,000,000 
            -------------------------------------------------------------------------------------  ------------  ----------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                            Percentage of voting rights 
-----------------------------------------------------------------  --------------------------------------------------------- 
                            3,000,000                                                        3.61% 
-----------------------------------------------------------------  --------------------------------------------------------- 
 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------- 
 
   We are the holders of the cfd instruments that do not have underlying 
   voting rights, however our swap counterparty who issued the cfds may 
   have an underlying hedge and access voting rights via that hedge. 
 
 Proxy Voting: 
-------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                   N/A 
---------------------------------------------------  --------------------------- 
 11. Number of voting rights proxy holder will                   N/A 
  cease 
  to hold: 
---------------------------------------------------  --------------------------- 
 12. Date on which proxy holder will cease to                    N/A 
  hold 
  voting rights: 
---------------------------------------------------  --------------------------- 
 
 
  13. Additional information:                 CFD COUNTERPARTY: MORGAN STANLEY 
----------------------------------------  -------------------------------------- 
 14. Contact name:                                     GARY PENNING 
----------------------------------------  -------------------------------------- 
 15. Contact telephone number:                      +41 (0) 43 508 3760 
----------------------------------------  -------------------------------------- 
 
 
 
 Note: Annex should only be submitted to the FCA not the issuer 
 Annex: Notification of major interests in share 
 
 A: Identity of the persons or legal entity subject to the notification 
  obligation 
--------------------------------------------------------------------------------------- 
 Full name                                          PSQUARED ASSET MANAGEMENT AG 
  (including legal form of legal entities) 
------------------------------------------  ------------------------------------------- 
 Contact address                             THEATERSTRASSE 8, 8001 ZURICH, SWITZERLAND 
  (registered office for legal entities) 
------------------------------------------  ------------------------------------------- 
 Phone number & email                              +41 (0) 43 508 3760 gpenning@p2am.ch 
------------------------------------------  ------------------------------------------- 
 Other useful information 
  (at least legal representative for 
  legal persons) 
------------------------------------------  ------------------------------------------- 
 
 B: Identity of the notifier, if applicable 
--------------------------------------------------------------------------------------- 
 Full name                                                  GARY PENNING 
------------------------------------------  ------------------------------------------- 
 Contact address                             THEATERSTRASSE 8, 8001 ZURICH, SWITZERLAND 
------------------------------------------  ------------------------------------------- 
 Phone number & email                              +41 (0) 43 508 3760 gpenning@p2am.ch 
------------------------------------------  ------------------------------------------- 
 Other useful information 
  (e.g. functional relationship with 
  the person or legal entity subject 
  to the notification obligation) 
------------------------------------------  ------------------------------------------- 
 
 C: Additional information 
--------------------------------------------------------------------------------------- 
 
 For notes on how to complete form TR-1 please see the FCA website.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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