Porta Communications : TR-1 Notification of major interest in shares

RNS Number: 3509W

Porta Communications PLC

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	Porta Communications Plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
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: iii	Morton PTC Limited as Trustee of the Morton Family Trust
4. Full name of shareholder(s) (if different from 3.):iv	Hawk Investment Holdings Limited
5. Date of the transaction and date on which the threshold is crossed or reached: v	30 January 2017
6. Date on which issuer notified:	30 January 2017
7. Threshold(s) that is/are crossed or reached: vi,vii	17%

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
GB00B71C7K2 1	53,203,965	53,203,965	53,203,96 5	53,203,96 5

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial	Expiration	Exercise/	Number of voting	% of voting
instrument	date xiii	Conversion Period xiv	rights that may be	rights
			acquired if the
			instrument is
			exercised/ converted.

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv,xvi
Resulting situation after the triggering transaction
Type of financial instrument	Exercis e price	Expiratio n date xvii	Exercise/ Conversion period xviii	Number of voting rights instrument refers to	% of voting rightsxix, xx
Nominal	Delta

Total (A+B+C)
Number of voting rights 53,203,965	Percentage of voting rights 16.52%

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

Hawk Investment Holdings Limited (HIHL) continues to hold 53,203,965 Porta Communications Plc shares now representing 16.52% of the voting rights following the issue of new ordinary shares.

The Board of Directors of the Morton PTC is Albany Directors Limited, Mr Robert Walter Morton and Mrs Susan Margaret Howard Morton.

The beneficiaries of the Morton Family Trust are Susan Margaret Howard Morton, Andrew Robert Morton, Edward George Morton, Charles Nicholas Morton and Robert Walter Morton.

Proxy Voting:

10. Name of the 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:	Albany Trustee Company Limited
14. Contact name:	Nicky Chippendale
15. Contact telephone number:	01481 724136