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RNS: TR-1 Notification of Major Interest in Shares

Thursday, 03 March 2016

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

Synectics 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): Change in our Terms & Conditions restricting the exercise of Voting Rights to Discretionary client holdings

 

3. Full name of person(s) subject to the notification obligation: iii

HARGREAVE HALE LIMITED

4. Full name of shareholder(s)
(if different from 3.):iv

DISCRETIONARY CLIENTS

5. Date of the transaction and date on which the threshold is crossed or reached: v

02 MARCH 2016

6. Date on which issuer notified:

03 MARCH 2016

7. Threshold(s) that is/are crossed or reached: vi, vii

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

Indirect

Direct xi

Indirect xii

Direct

Indirect

GB0007156838

523,500

523,500

 

1,184,000

  1,184,000   6.6538%

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

1,184,000

6.6538%

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

1,150,000 of these shares are held for unit trusts operated by Marlborough Fund Managers Ltd, for whom Hargreave Hale Ltd manages the portfolio of investments on a discretionary basis. The remaining shares are held for other discretionary clients.

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:

N/A

14. Contact name:

David Clueit
Hargreave Hale Ltd

15. Contact telephone number:

01253 754739

 

All the information you need to contact us

CONTACT INFORMATION

Details of Synectics Group offices

GLOBAL OFFICES

Auditor, registrar and stockbrokers

ADVISERS

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