PALACE CAPITAL PLC - Major Shareholding Notification 2015

National Storage Mechanism | Additional information

RNS Number : 1189I

Palace Capital PLC

04 December 2015


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:		reach4entertainment enterprises 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			X
Other (please specify):
3. Full name of person(s) subject to the notification obligation:	Herald Investment Management Limited
4. Full name of shareholder(s) (if different from 3.):	Discretionary investment management clients of Herald Investment Management Limited
5. Date of the transaction and date on which the threshold is crossed or reached:	3rd December 2015
6. Date on which issuer notified:	4th December 2015
7. Threshold(s) that is/are crossed or reached:	10%, 11%, 12%, 13%, 14%


8. Notified details:
A: Voting rights attached to shares
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
Indirect		Direct		Indirect	Direct			Indirect
GB00B1HLCW86	7,325,000			7,325,000			67,325,000				67,325,000			14.18%


B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date		Exercise/ Conversion Period					Number of voting rights that may be acquired if the instrument is exercised/ converted.			% of voting rights
None													Nil

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price		Expiration date		Exercise/ Conversion period			Number of voting rights instrument refers to			% of voting rights
None												Nominal			Delta
Nil

Total (A+B+C)
Number of voting rights								Percentage of voting rights
67,325,000								14.18%


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
N/A

Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A

13. Additional information:
14. Contact name:	Andrew Miller CFO
15. Contact telephone number:	020 7553 6308

This information is provided by RNS

The company news service from the London Stock Exchange

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