Notification of Major Interest in Shares

RNS Number : 4404P

NetScientific PLC

05 June 2015


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ		NetScientific Plc
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) subject to the notification obligation: ⁱⁱⁱ	Zahra Holdings Limited
4. Full name of shareholder(s) (if different from 3.):^iv
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	4 June 2015
6. Date on which issuer notified:	4 June 2015
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	32% – 19% (inclusive)

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights ^x

Direct

Direct ^xi

Indirect ^xii

Direct

Indirect

Ordinary shares of 5p

11,795,000

32.9%

6,541,567

18.2%

GB00B9F4MT28

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date ^xiii

Exercise/
Conversion Period ^xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date ^xvii

Exercise/
Conversion period ^xviii

Number of voting rights instrument refers to

% of voting rights ^{xix, xx}

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

6,541,567

18.2%

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:		Zahra Holdings Limited
11. Number of voting rights proxy holder will cease to hold:		5,253,433
12. Date on which proxy holder will cease to hold voting rights:		18 June 2015

13. Additional information:	This form should be read together with the forms of White Mustard Investments Limited and Cyrus Holdings Limited, also completed on this date, which together with Zahra Holdings Limited in total held 17,152,020 shares representing 47.8 per cent of the Company’s issued share capital prior to this notification and now hold 10,952,000 shares representing 30.5% of the Company’s issued capital.
14. Contact name:	Steve Gully
15. Contact telephone number:	01534 813183

This information is provided by RNS

The company news service from the London Stock Exchange

END

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Notification of Major Interest in Shares

NetScientific plc