TIDMADT TIDMBARC

RNS Number : 1280F

AdEPT Telecom plc

15 May 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                  ADEPT TELECOM 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                           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)                                          Barclays Plc 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------- 
 4. Full name of shareholder(s)                                Barclays Bank Plc 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ------------------- 
 5. Date of the transaction 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v)                                                       22 /03/2017 
-----------------------------------------------------------  ------------------- 
 6. Date on which issuer                                              11/05/2017 
  notified: 
-----------------------------------------------------------  ------------------- 
 7. Threshold(s) that is/are                                             3% & 5% 
  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                   % of voting 
                  of               of               of shares      voting                      rights (x) 
                  Shares           Voting                          rights 
                                   Rights 
--------------  ---------------  ---------------  -------------  --------------------------  ------------------------- 
                                                   Direct         Direct        Indirect      Direct        Indirect 
                                                                   (xi)          (xii) 
--------------      -----------    -----------    -------------  ------------  ------------  ------------  ----------- 
                     Below            Below 
  GB00B0WY3Y47     threshold         threshold      1,204,717      1,204,717        Nil          5.08          Nil 
                ---------------  ---------------  -------------  ------------  ------------  ------------  ----------- 
 
 
 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                 Nil            Nil                             Nil                           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 
--------------------------------------------------  ------------------------------------------------------------------ 
                     1,204,717                                                     5.08 
--------------------------------------------------  ------------------------------------------------------------------ 
 
 
 
 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:                                    Pursuant to the Warrant Instrument 
                                                                 dated 21 January 2009, Barclays 
                                                                 Bank plc has exercised its 
                                                                 right to subscribe for 1,204,717 
                                                                 ordinary shares. 
-------------------------------------------------------------  ------------------------------------- 
 14. Contact name: 
                                                                  James Gibson 
-------------------------------------------------------------  ------------------------------------- 
 
 15. Contact telephone number:                                    +44 (0) 20 3555 4619 
-------------------------------------------------------------  ------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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