TIDMELE

RNS Number : 9505W

Electric Word PLC

29 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                                                 Yes 
--------------------------------------  ----------------------------------- 
 An acquisition or disposal of 
 qualifying financial instruments 
 which may result in the acquisition 
 of shares already issued to which 
 voting rights are attached                              No 
--------------------------------------  ----------------------------------- 
 An acquisition or disposal of 
 instruments with similar economic 
 effect to qualifying financial 
 instruments                                             No 
--------------------------------------  ----------------------------------- 
 An event changing the breakdown of 
 voting rights                                           No 
--------------------------------------  ----------------------------------- 
 Other (please 
  specify):                                              No 
-------------------------------------   ----------------------------------- 
 3. Full name of person(s) subject 
  to the 
  notification obligation:              ISIS EP LLP 
-------------------------------------  ------------------------------------ 
                                        Baronsmead AIM VCT plc holds 7.81% 
                                         Baronsmead VCT plc holds 5.22% 
                                         Baronsmead VCT 2 plc holds 5.22% 
 4. Full name of shareholder(s)          Baronsmead VCT 3 plc holds 5.22% 
 (if different from 3.):                 Baronsmead VCT 4 plc holds 5.31% 
-------------------------------------  ------------------------------------ 
 5. Date of the transaction and date 
  on 
  which the threshold is crossed or 
  reached:                              19/11/2010 
-------------------------------------  ------------------------------------ 
 6. Date on which issuer notified:      23/11/2010 
-------------------------------------  ------------------------------------ 
 7. Threshold(s) that is/are crossed    27% & 28% 
  or 
  reached: 
-------------------------------------  ------------------------------------ 
 
 
 
 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 
                  Shares          Rights          of shares      rights                 % of voting rights 
--------------  --------------  --------------  -------------  ----------------------  ------------------- 
                                                 Direct         Direct     Indirect     Direct    Indirect 
--------------    ------------   ------------   -------------  ---------  -----------  --------  --------- 
 Ord 1p          63,637,932      63,637,932 
  GB0003083622   (26.81%)         (26.81%)                                 85,990,873             28.79% 
                --------------  --------------  -------------  ---------  -----------  --------  --------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------- 
 Type of           Expiration     Exercise/                      Number of voting       % of voting 
  financial         date           Conversion Period              rights that may be     rights 
  instrument                                                      acquired if the 
                                                                  instrument is 
                                                                  exercised/ 
                                                                  converted. 
----------------  -------------  -----------------------------  ---------------------  ------------------- 
                                                                                        Nil 
----------------  -------------  -----------------------------  ---------------------  ------------------- 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
---------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------- 
 Type of          Exercise       Expiration     Exercise/       Number of voting        % of voting rights 
  financial        price         date           Conversion       rights instrument 
  instrument                                    period           refers to 
---------------  -------------  -------------  --------------  ----------------------  ------------------- 
                                                                                        Nominal   Delta 
---------------  -------------  -------------  --------------  ----------------------  --------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------- 
 Number of voting rights                          Percentage of voting rights 
-----------------------------------------------  --------------------------------------------------------- 
 85,990,873                                       28.79% 
-----------------------------------------------  --------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
---------------------------------------------------------------------------- 
            ISIS EP LLP 
             Baronsmead AIM VCT plc holds 7.81% 
             Baronsmead VCT plc holds 5.22% 
             Baronsmead VCT 2 plc holds 5.22% 
             Baronsmead VCT 3 plc holds 5.22% 
             Baronsmead VCT 4 plc holds 5.31% 
            Registered name: Chase Nominees Limited 
 
 Proxy Voting: 
---------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                ISIS EP LLP 
-----------------------------------------------------------  --------------- 
 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:                                            Karen Huxley 
-----------------------------------------------------------  --------------- 
 15. Contact telephone number:                                020 7506 5643 
-----------------------------------------------------------  --------------- 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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