Last checked at 1 Dec 2008 07:00
GB GROUP PLC
("GB Group" or the "Company")
NOTICE OF MAJOR INTEREST IN SHARES OF GB GROUP PLC
TR-1: Notifications of Major Interests in Shares
2. Reason for the notification (please place an X inside the appropriate bracket/s):
An acquisition or disposal of voting rights: ( X )
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify) : ( )
……………..
3. Full name of person(s) subject to notification obligation:
……Herald Investment Management Limited……..
4. Full name of shareholder(s) (if different from 3) :
(1) Bank of New York (OCS) Nominees Limited on behalf of Herald Investment Trust plc
5. Date of transaction (and date on which the threshold is crossed or reached if different):
……26/11/2008………..
6. Date on which issuer notified:
……28/11/2008………..
7. Threshold(s) that is/are crossed or reached:
……5%………..
8. Notified Details:
A: Voting rights attached to shares
| Class/type of shares if possible use ISIN CODE | Situation previous to the triggering transaction | |
|
| Number of shares | Number of voting rights |
| GB0006870611 | 2,418,388 | 2,418,388 |
| Resulting situation after the triggering transaction | |||||
| Class/type of shares if possible use ISIN CODE | Number of shares | Number of voting rights | % of voting rights | ||
|
|
| Direct | Indirect | Direct | Indirect |
| 4,418,388 | 4,418,388 | 5.23% | |||
B: Financial Instruments
Resulting situation after the triggering transaction
| Type of financial instrument | Expiration date | Exercise/conversion period/date | No. of voting rights that may be acquired (if the instrument exercised/ converted) | % of voting rights |
Total (A+B)
| Number of voting rights | % of voting rights |
| 4,418,388 | 5.23% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable :
| Legal vehicle | Voting rights | Percentage held |
| Shareholder: Herald Investment Trust Plc (in the name of Bank of New York (OCS Nominees Limited)) | 4,418,388 | 5.23% |
| Total for Funds under the management of Herald Investment Management Limited | 4,418,388 | 5.23% |
Herald Investment Management Limited, a discretionary investment manager, is the parent undertaking of an investment management business.
Proxy Voting:
10. Name of proxy holder:
……………..
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:
……………..
14. Contact name:
John Constantin, Company Secretary
15. Contact telephone number:
01244 657 333