Nasstar PLC Holding(s) in Company (0733B)
March 30 2017 - 11:13AM
UK Regulatory
TIDMNASA
RNS Number : 0733B
Nasstar PLC
30 March 2017
Nasstar plc
("Nasstar" or the "Company")
Holdings in Company
Nasstar plc (AIM: NASA), a provider of hosted managed and cloud
computing services, has received notification from Kestrel Partners
LLP that it has a total direct and indirect interest in 129,815,196
ordinary shares of 1p each in the Company, equivalent to 22.40% of
Nasstar's total issued share capital. The full notification is
provided below.
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
---------------------------------------------------------------------------------------------------
1. Identity of the issuer or Nasstar 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 Yes
-------------------------------------------------------------- -----------------------------------
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) Kestrel Partners LLP
subject to the
notification obligation:
(iii)
--------------------------------------------------------- ----------------------------------------
4. Full name of shareholder(s) Kestrel Opportunities, a cell
(if different from 3.):(iv) of Guernsey Portfolios PCC
Ltd (through BNY Mellon Nominees
Limited) and various other
clients of Kestrel Partners
LLP (through JIM Nominees
Ltd and Bank of New York Nominees
Limited)
--------------------------------------------------------- ----------------------------------------
5. Date of the transaction 29 March 2017
and date on
which the threshold is
crossed or
reached: (v)
--------------------------------------------------------- ----------------------------------------
6. Date on which issuer 30 March 2017
notified:
--------------------------------------------------------- ----------------------------------------
7. Threshold(s) that is/are Down through 23%
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 voting % of voting
of of of rights rights (x)
Shares Voting shares
Rights
------------- -------------------------- ---------------- --------- ----------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- --------- ----------- ------------ --------- --------- ------------ ------------ -----------
Ordinary
Shares of
1p each
ISIN
GB00B0T1S097 136,153,133 136,153,133 n/a n/a 129,815,196 n/a 22.40%
-------------------------- ---------------- --------- --------- ------------ ------------ -----------
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.
----------------- ------------------------ --------------------------- ------------------------- ---------------------
n/a n/a n/a n/a n/a
----------------- ------------------------ --------------------------- ------------------------- ---------------------
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)
--------------- ----------- --------------- ----------------------- ------------------------- -----------------------
n/a n/a n/a n/a n/a Nominal Delta
--------------- ----------- --------------- ----------------------- ------------------------- ------------ ---------
n/a n/a
------------- --------- ----------- ------------ ------- ------- ------------ ------------ ---------
Total (A+B+C)
--------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------------------- -----------------------------------------------------------
129,815,196 22.40%
------------------------------------------------------------- -----------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
---------------------------------------------------------------------------------------------------
Indirect - BNY Mellon Nominees Limited - 89,537,559
Shares. 15.45% of voting rights
Indirect - JIM Nominees Limited - 22,896,866 Shares.
3.95% of voting rights
Indirect - Bank of New York Nominees Limited - 17,380,771
Shares. 3.00% of voting rights
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:
------------------------------------------------------------- ------------------------------------
Disclosure based on Total
13. Additional information: voting rights of 579,542,287.
The indirect voting rights
held under (9) relate to
shares held in client portfolios
managed by Kestrel Partners
LLP under discretionary investment
management agreements
------------------------------------------------------------- ------------------------------------
14. Contact name: Ian Forrest
------------------------------------------------------------- ------------------------------------
15. Contact telephone number: 0203 371 6100
------------------------------------------------------------- ------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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