ITE Group PLC Holding(s) in Company (2542Y)
March 01 2017 - 9:10AM
UK Regulatory
TIDMITE
RNS Number : 2542Y
ITE Group PLC
01 March 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or ITE Group 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 þ
------------------------------------------------------- -----------------------------
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) Brandes Investment Partners,
subject to the L.P.
notification obligation:
(iii)
------------------------------------------------------ ------------------------------
4. Full name of shareholder(s) Various clients of Brandes
(if different from 3.):(iv) Investment Partners, L.P.
------------------------------------------------------ ------------------------------
5. Date of the transaction 27 February, 2017
and date on
which the threshold is
crossed or
reached: (v)
------------------------------------------------------ ------------------------------
6. Date on which issuer 28 February, 2017
notified:
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7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 14.00%
------------------------------------------------------ ------------------------------
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 voting rights (x)
Shares Voting shares rights
Rights
-------------- -------------- ----------------------------- --------- ----------------------- ----------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
-------------- ------------ ------------ ------------- --------- --------- ------------ ----------- ---------
37,151,357 36,385,828
GB0002520509 ORDs None None ORDs None 13.73%
--------- --------- ----------- ---------
US4503641049 129,208 129,208
ADRs ADRs
------------------------------ ----------------------------- ------------------------- ----------- ---------
B: Qualifying Financial Instruments
-------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
-------------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may 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
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
-------------------------------------------------------------- ---------------------------------------------------------
36,385,828 ORDs and 129,208 13.73%
ADRs
-------------------------------------------------------------- ---------------------------------------------------------
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:
------------------------------------------------------------- ------------------------------
Please note that the ADR
13. Additional information: number indicated in section
8A of this notification is
the ORD equivalent number
and takes into account the
ADR conversion ratio of 1:4.
------------------------------------------------------------- ------------------------------
14. Contact name: Adam Stutz
------------------------------------------------------------- ------------------------------
15. Contact telephone number: +1 (858) 755-0239
------------------------------------------------------------- ------------------------------
For further information,
please contact:
Full name: Anneka Milham
Contact Address: ITE Group plc
105 Salusbury Road, London.
NW6 6RG
Phone Number: 020 7596 5139
This information is provided by RNS
The company news service from the London Stock Exchange
END
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