Holding(s) in Company (7550W)

TIDMELE
RNS Number : 7550W
Electric Word PLC
24 November 2010
 
 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------- 
 
 
 1. Identity of the issuer or the        Electric Word plc 
  underlying issuer of existing shares 
  to which voting rights are attached: 
--------------------------------------  ------------------ 
 
 
 2 Reason for the notification (please tick the appropriate box 
  or boxes): 
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 An acquisition or disposal of voting rights 
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 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           Placing of ordinary shares                 X 
  specify): 
----------------------  ----------------------------------------- 
 
 
 
 3. Full name of person(s) subject 
  to the notification obligation:       STEWART WORTH NEWTON 
-------------------------------------  ------------------------------ 
                                        SUSSEX TRADING COMPANY LTD 
 4. Full name of shareholder(s) (if      SUSSEX RESEARCH LTD 
  different from 3.):                    STEWART NEWTON 
-------------------------------------  ------------------------------ 
 5. Date of the transaction and date 
  on which the threshold is crossed     Placing on - 16th NOVEMBER 
  or reached:                            2010 
-------------------------------------  ------------------------------ 
                                        Notified on 16th NOVEMBER 
                                         2010 
                                         under DTR 5.1.1(4) For the 
 6. Date on which issuer notified:       22/11/2010 Agreed 24/11/2010 
-------------------------------------  ------------------------------ 
 7. Threshold(s) that is/are crossed 
  or reached:                           25% 
-------------------------------------  ------------------------------ 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares 
------------------------------------------------------------------------------------------------ 
 Class/type 
 of shares 
 if possible   Situation previous 
 using the      to the triggering        Resulting situation after the triggering 
 ISIN CODE      transaction               transaction 
------------  ------------------------  -------------------------------------------------------- 
                            Number 
               Number        of 
                of           Voting      Number       Number of voting         % of voting 
                Shares       Rights       of shares    rights                  rights 
------------  -----------  -----------  -----------  -----------------------  ------------------ 
                                         Direct       Direct      Indirect     Direct   Indirect 
------------  -----------  -----------  -----------  ----------  -----------  -------  --------- 
 ORDINARY      58,991,171   58,991,171   74,873,524   1,020,000   73,853,524   0.3%     24.7% 
              -----------  -----------  -----------  ----------  -----------  -------  --------- 
 SHARES 
------------  -----------  -----------  -----------  ----------  -----------  -------  --------- 
 
 
 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 may     rights 
                                   Period       be acquired if 
                                                the instrument 
                                                is exercised/ 
                                                converted. 
------------------  -----------  ------------  -----------------  ------------ 
 N/A 
------------------  -----------  ------------  -----------------  ------------ 
 
 
 C: Financial Instruments with similar economic effect to Qualifying 
  Financial Instruments 
------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------- 
 Type of      Exercise   Expiration   Exercise/    Number of    % of voting 
 financial     price      date        Conversion   voting        rights 
 instrument                           period       rights 
                                                   instrument 
                                                   refers to 
-----------  ---------  -----------  -----------  -----------  ---------------- 
 N/A                                                            Nominal   Delta 
-----------  ---------  -----------  -----------  -----------  --------  ------ 
 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
 74,873,524                25.06% 
------------------------  ---------------------------- 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
--------------------------------------------------------------------------- 
 Stewart Worth Newton has a beneficial interest in shares in Electric 
  Word Plc held by Sussex Trading Company Ltd, Sussex Research Ltd and 
  himself. 
--------------------------------------------------------------------------- 
 
 
 Proxy Voting: 
------------------------------------------ 
 10. Name of the proxy holder:         N/A 
------------------------------------  ---- 
 11. Number of voting rights proxy     N/A 
  holder will cease to hold: 
------------------------------------  ---- 
 12. Date on which proxy holder will   N/A 
  cease to hold voting rights: 
------------------------------------  ---- 
 
 
 13. Additional information:      N/A 
-------------------------------  -------------- 
 14. Contact name:                Peter Sahu 
-------------------------------  -------------- 
 15. Contact telephone number:    020 7961 1608 
-------------------------------  --------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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