TIDMELE

RNS Number : 6170W

Electric Word PLC

22 November 2010

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
--------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying 
  issuer 
  of existing shares to which voting rights 
  are 
  attached:                                            ELECTRIC WORD PLC 
-------------------------------------------------  ------------------------ 
 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 effect to qualifying financial 
 instruments 
--------------------------------------------------  ----------------------- 
 An event changing the breakdown of voting rights              u 
--------------------------------------------------  ----------------------- 
 Other (please 
  specify): 
-------------------------------------------------   ----------------------- 
 3. Full name of person(s) subject 
  to the 
  notification obligation:                          HARGREAVE HALE LIMITED 
-------------------------------------------------  ------------------------ 
 4. Full name of shareholder(s) 
 (if different from 3.):                             DISCRETIONARY CLIENTS 
-------------------------------------------------  ------------------------ 
 5. Date of the transaction and date 
  on 
  which the threshold is crossed or 
  reached:                                             22 NOVEMBER 2010 
-------------------------------------------------  ------------------------ 
 6. Date on which issuer notified:                     22 NOVEMBER 2010 
-------------------------------------------------  ------------------------ 
 7. Threshold(s) that is/are crossed 
  or 
  reached:                                                    5% 
-------------------------------------------------  ------------------------ 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------------------------- 
 Class/type 
  of 
  shares 
  if possible 
  using         Situation previous 
  the ISIN       to the triggering                 Resulting situation after the triggering 
  CODE           transaction                        transaction 
-------------  ---------------------------------  -------------------------------------------------------------------------- 
                                 Number 
                Number            of 
                 of               Voting           Number                          Number of voting        % of voting 
                 Shares           Rights            of shares                       rights                  rights 
-------------  ---------------  ----------------  ------------------------------  ----------------------  ------------------ 
                                                   Direct         Indirect         Direct   Indirect       Direct   Indirect 
-------------      -----------      ------------  -------------  ---------------  -------  -------------  -------  --------- 
 GB0003083622   13,113,448       13,113,448                       13,113,448                13,113,448              4.4363% 
               ---------------  ----------------  -------------  ---------------  -------  -------------  -------  --------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------- 
                                                                      Number of voting 
                                                                       rights that may 
                                                                       be 
 Type of                                                               acquired if the 
 financial          Expiration       Exercise/                         instrument is                       % of voting 
 instrument          date             Conversion Period                exercised/ converted.                rights 
-----------------  ---------------  -------------------------------  -----------------------------------  ------------------ 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
---------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------- 
 Type of                                             Exercise/      Number of voting 
 financial        Exercise         Expiration         Conversion     rights instrument 
 instrument        price            date              period         refers to                % of voting rights 
---------------  ---------------  ----------------  -------------  ------------------------  ------------------------------- 
                                                                                              Nominal               Delta 
---------------  ---------------  ----------------  -------------  ------------------------  --------------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                            Percentage of voting rights 
-----------------------------------------------------------------  --------------------------------------------------------- 
 13,113,448                                                         4.4363% 
-----------------------------------------------------------------  --------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
---------------------------------------------------------------------------- 
      8,000,000 of these shares are for a unit trust operated by Marlborough 
       Fund Managers Ltd for who Hargreave Hale Ltd manages the portfolio of 
      investments on a discretionary basis. The remaining balance is held on 
                                      behalf of other discretionary clients. 
 
 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: 
--------------------------------------  ------------------------------------ 
 
                                         Holdings percentage based on TVR of 
 13. Additional information:             295,591,955 
--------------------------------------  ------------------------------------ 
 14. Contact name:                       David Clueit 
--------------------------------------  ------------------------------------ 
 15. Contact telephone number:           01253 754739 
--------------------------------------  ------------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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