HYVE GROUP PLC - Major Shareholding Notification 2016

National Storage Mechanism | Additional information

RNS Number : 4315A

ITE Group PLC

07 June 2016

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		ITE Group 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	Mason Hill Advisors, LLC
4. Full name of shareholder(s) (if different from 3.):iv	Nortrust Nominees Limited is a nominee shareholder in respect of 12,675,441 of the shares in ITE Group PLC described above.
5. Date of the transaction and date on which the threshold is crossed or reached: v	2 June 2016
6. Date on which issuer notified:	6 June 2016
7. Threshold(s) that is/are crossed or reached: vi, vii	Below 5%


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 ISIN: GB0002520509	13,930,526			13,930,526							12,675,441			4.84%


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
12,675,441								4.84%


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:		Mason Hill Advisors, LLC
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:	Mason Hill Advisors, LLC acts as an investment manager for Equinox Partners, LP, Kurato Fund, L.P. and Mason Hill Partners, LP. Equinox Partners, LP beneficially holds 5,663,817 (or 2.16%) of the shares in ITE Group PLC described above, Mason Hill Partners, LP beneficially holds 1,790,308 (or 0.68%) of the shares in ITE Group PLC described above and Kuroto Fund, L.P. beneficially holds 5,221,316 (or 2.00%) of the shares in ITE Group PLC described above.
14. Contact name:	Massimo Devellis
15. Contact telephone number:	+001 (646) 833-2787


For further information, please contact:
Full name:	Anneka Milham
Contact Address:	ITE Group plc 105 Salusbury Road, London. NW6 6RG
Phone Number:	020 7596 5139

This information is provided by RNS

The company news service from the London Stock Exchange

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