TIDMSNT

RNS Number : 3941S

Sabien Technology Group PLC

06 November 2019

For immediate release

6 November 2019

Sabien Technology Group plc

("Sabien" or the "Company")

Holding(s) in Company

The Board of Sabien announces that the Company has received the following TR-1 notification which is set out below without amendment.

A copy of this announcement is available on the Company's website at http://www.sabien-tech.co.uk

For further information please contact:

 
 Sabien Technology Group plc                     +44(0)20 7993 
  Richard Parris                                  3700 
 Beaumont Cornish Limited (Nominated Advisor) 
  Michael Cornish and Roland Cornish             +44(0)20 7628 
  www.beaumontcornish.com                         3396 
 Peterhouse Capital Limited (Broker)             +44(0)20 7469 
  Duncan Vasey and Lucy Williams                  0930 
 

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014. The person who arranged for the release of this announcement on behalf of the Company was Richard Parris, Chairman.

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible)(i) 
 
 1a. Identity of the issuer or the                                    Sabien Technology Group Plc 
  underlying issuer of existing shares 
  to which voting rights are attached(ii) 
  : 
                                                             --------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                      ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                            X 
                                                                                                      ---- 
 An acquisition or disposal of financial instruments 
                                                                                                      ---- 
 An event changing the breakdown of voting rights 
                                                                                                      ---- 
 Other (please specify)(iii) : 
                                                                                                      ---- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                                         Morton PTC Limited as Trustee of 
                                                               The Morton Family Trust (MFT), Hawk 
                                                               Investment Holdings Limited (HIHL) 
 City and country of registered office                        HIHL - St Peter Port, Guernsey 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
 Name                                                         Hawk Investment Holdings Limited 
                                                             --------------------------------------------- 
 City and country of registered office 
  (if applicable)                                               HIHL - St Peter Port, Guernsey 
                                                             --------------------------------------------- 
 5. Date on which the threshold was                           5(th) November 2019 
  crossed or reached(vi) : 
                                                             --------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):               5(th) November 2019 
                                                             --------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting       % of voting rights     Total of both   Total number 
                            rights attached      through financial      in % (8.A +     of voting rights 
                            to shares (total        instruments             8.B)        of issuer(vii) 
                                of 8. A)           (total of 8.B 
                                                     1 + 8.B 2) 
                          ------------------  ----------------------  --------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               5.34%                                       5.34%           1,187,006,490 
                          ------------------  ----------------------  --------------  -------------------- 
 Position of 
  previous notification 
  (if 
  applicable)              6.10%                                       6.10% 
                          ------------------  ----------------------  --------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which the 
  threshold was crossed or reached(viii) 
 A: Voting rights attached to shares 
 Class/type of      Number of voting rights(ix)                              % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                            Direct                      Indirect                      Direct                  Indirect 
                      (Art 9 of Directive         (Art 10 of Directive          (Art 9 of Directive     (Art 10 of Directive 
                          2004/109/EC)                2004/109/EC)             2004/109/EC) (DTR5.1)        2004/109/EC) 
                            (DTR5.1)                   (DTR5.2.1)                                            (DTR5.2.1) 
                                             ----------------------------- 
 GB00B1FPCD38             63,394,000 
                             (HIHL) 
                   ------------------------  -----------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                            63,394,000                                              5.34% 
                   -------------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of            Expiration   Exercise/                            Number of voting                  % of voting 
  financial          date(x)      Conversion Period(xi)                rights that may                   rights 
  instrument                                                           be acquired if 
                                                                       the instrument 
                                                                       is 
                                                                       exercised/converted. 
                   -----------  -----------------------------------  --------------------------------  --------------------- 
 
 
 
                                 SUBTOTAL 8. B 1 
                                -----------------------------------  --------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of       Expiration        Exercise/               Physical or              Number of             % of voting 
  financial     date(x)           Conversion              cash                     voting rights         rights 
  instrument                      Period (xi)             settlement(xii) 
              ----------------  ----------------------  -----------------------  -------------------- 
 
 
 
                                                         SUBTOTAL 8.B.2 
                                                        -----------------------  -------------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer(xiii) 
 Full chain of controlled undertakings through which the voting rights                                                                                                                                                                                x 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity(xiv) (please add additional 
  rows as necessary) 
                          Name(xv)                                              % of voting rights                                      % of voting rights                                                          Total of both if 
                                                                                  if it equals or                                        through financial                                                           it equals or is 
                                                                                is higher than the                                       instruments if it                                                           higher than the 
                                                                               notifiable threshold                                     equals or is higher                                                       notifiable threshold 
                                                                                                                                        than the notifiable 
                                                                                                                                             threshold 
                                                             -------------------------------------------------------  ------------------------------------------------------  ------------------------------------------------------------------------------------------- 
 MFT as sole shareholder 
  of HIHL. The Board 
  of Directors of 
  the Morton PTC are 
  Albany Directors 
  Limited, Mr Anthony 
  David Holt, Robert 
  Walter Morton (RWM) 
  and Susan Margaret 
  Howard Morton (SMHM). 
  The adult beneficiaries 
  of MFT are SMHM, 
  RWM, Charles Morton 
  (CNM), Edward Morton 
  (EGM) and Andrew 
  Morton (ARM).                                               0                                                        0                                                       0 
                                                             -------------------------------------------------------  ------------------------------------------------------  ------------------------------------------------------------------------------------------- 
 
 HIHL                                                           5.34%                                                  0                                                         5.34% 
                                                             -------------------------------------------------------  ------------------------------------------------------  ------------------------------------------------------------------------------------------- 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                                                                                                      --------------------------------------------------------------------------------------------------------------------------------------------------- 
 The number and % of voting rights 
  held 
                                                                                                                      --------------------------------------------------------------------------------------------------------------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                                                                                                      --------------------------------------------------------------------------------------------------------------------------------------------------- 
 
 11. Additional information(xvi) 
 
 
 
 
 Place of completion   Guernsey, Channel Islands 
 Date of completion    5(th) November 2019 
                      -------------------------- 
 

ENDS

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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November 06, 2019 02:00 ET (07:00 GMT)

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