Holding(s) in Company, Modern Water PLC, 2020-05-15






RNS Number : 0938N
Modern Water PLC
15 May 2020
 

AIM share code: MWG

15 May 2020

 

Modern Water PLC

 

(“Modern Water” or “Company”)

 

Notification of major holdings

 

Modern Water has received notification of major holdings in the interests of a significant shareholder. In accordance with AIM Rule 17, the following details are now notified:

 

a)   Identity of the significant shareholder: Helium Rising Stars Fund

 

b)   Date of disclosure: 15 May 2020

 

c)   Date of relevant change: 14 May 2020

 

d)   Nature of transaction: Disposal of shares

 

e)   Nature and extent of significant shareholder’s interest: direct and indirect interests

 

f)    Resultant shareholding: 80,000,000 shares, with a direct interest in the shares and an indirect interest in the voting rights, in each case amounting to 15.91%

 

Simon Humphrey CEO commented:

“We understand that the size of the holding had grown to 15% of the portfolio in one stock and prudence dictated trimming back a little, and is not an indication of lack of confidence.”

 

 

Modern Water plc

Simon Humphrey, CEO

 

+44 (0)20 3827 3439

Cairn Financial Advisers LLP (Nominated Adviser)

 

Sandy Jamieson

Liam Murray

Ludovico Lazzaretti

+44 (0)20 7213 0880

Turner Pope Investments (TPI) Limited (Broker)

Andy Thacker / Zoe Alexander

+44 (0) 20 3657 0050

 

About Modern Water

 

Modern Water was established in 2006 to develop and commercialise water recovery technologies to counter water crisis problems arising from climate change and a growing global population. Having invested £20m over the last 14 years, the results comprise of a robust patent portfolio in cutting-edge technology, focussed on monitoring of contaminated water and decontamination of wastewater, making recycling of water more efficient. Six countries across the world have legislated that Modern Water monitoring test systems are written into their environmental protection legislation.

 




 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

 


 

ii:

 

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an “X” if appropriate)

 

Non-UK issuer


 

 

An acquisition or disposal of voting rights

 

An acquisition or disposal of financial instruments

 

An event changing the breakdown of voting rights

 

Other (please specify)iii:

 

iv

 

Name

 

City and country of registered office (if applicable)

 

v

 

Name

 

City and country of registered office (if applicable)

 

vi

 

 

 

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

 

Resulting situation on the date on which threshold was crossed or reached

      

 

Position of previous notification (if

applicable)

 

 

viii

 

 

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

 

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

 

 


 


 

SUBTOTAL 8. A

 

 

 

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

 

 

 

 

SUBTOTAL 8. B 1

 

 

 

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

 

 

 

 


SUBTOTAL 8.B.2

 

 

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity
xiv (please add additional rows as necessary)

xv

10. In case of proxy voting, please identify:

xvi

 

 

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END

 
 

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