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TIDMRDP

RNS Number : 0746G
Radicle Projects Plc
25 January 2010

?


+--------------------------------------------+
| |
+--------------------------------------------+
| |
+--------------------------------------------+




+----------------------------------------------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
+----------------------------------------------------------------------------------------+


+-------------------------------------------+-----------------------------------+
| 1. Identity of the issuer or the | Radicle Projects plc |
| underlying issuer of existing shares to | |
| which voting rights are attached: | |
+-------------------------------------------+-----------------------------------+


+-------------------+---------------------------------------------------+--------+
| 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): | | |
+-------------------+---------------------------------------------------+--------+


+-------------------------------------------+-----------------------------------+
| 3. Full name of person(s) subject to the | Gartmore Investment Limited |
| notification obligation: | |
| | |
+-------------------------------------------+-----------------------------------+
| 4. Full name of shareholder(s) (if | Gartmore Fund Managers Ltd A/C |
| different from 3.): | Gartmore UK & Irish Smaller |
| | Companies (5,283,333 shares) |
| | Gartmore Growth Opportunities plc |
| | (2,264,861 shares) |
| | |
+-------------------------------------------+-----------------------------------+
| 5. Date of the transaction and date on | 12 Janaury 2010 |
| which the threshold is crossed or | |
| reached: | |
| | |
+-------------------------------------------+-----------------------------------+
| 6. Date on which issuer notified: | 13 January 2010 |
| | |
+-------------------------------------------+-----------------------------------+
| 7. Threshold(s) that is/are crossed or | 18% |
| reached: | |
| | |
+-------------------------------------------+-----------------------------------+

+---------------+--------------+-----------+--------------+-----------+-----------+----------+----------+
| 8. Notified details: |
+-------------------------------------------------------------------------------------------------------+
| A: Voting rights attached to shares |
| |
+-------------------------------------------------------------------------------------------------------+
| Class/type | Situation previous | Resulting situation after the triggering |
| of | to the triggering | transaction |
| shares | transaction | |
| if possible | | |
| using | | |
| the ISIN | | |
| CODE | | |
+ +--------------------------+------------------------------------------------------------+
| | Number | Number | Number | Number of voting | % of voting |
| | of | of | of | rights | rights |
| | Shares | Voting | shares | | |
| | | Rights | | | |
+ + + +--------------+-----------------------+---------------------+
| | | | Direct | Direct | Indirect | Direct | Indirect |
+---------------+--------------+-----------+--------------+-----------+-----------+----------+----------+
| GB00B0996108 | 2,548,194 | 2,548,194 | 7,548,194 | | 7,548,194 | | 16.172% |
+---------------+ + + + + + + +
| | | | | | | | |
+---------------+--------------+-----------+--------------+-----------+-----------+----------+----------+


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


+---------------+----------+------------+------------+----------------+---------------+---------+
| C: Financial Instruments with similar economic effect to Qualifying Financial |
| Instruments |
+-----------------------------------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
| |
+-----------------------------------------------------------------------------------------------+
| Type of | Exercise | Expiration | Exercise/ | Number of | % of voting |
| financial | | | Conversion | voting | rights |
| instrument | price | date | | rights | |
| | | | period | instrument | |
| | | | | refers to | |
+---------------+----------+------------+------------+----------------+-------------------------+
| Convertible | N/A | N/A | N/A | 1.190,500 | Nominal | Delta |
| Loan | | | | | | |
+ + + + + +---------------+---------+
| | | | | | 2.551% | |
+---------------+----------+------------+------------+----------------+---------------+---------+


+-------------------------------------------+-----------------------------------+
| Total (A+B+C) |
| |
+-------------------------------------------------------------------------------+
| Number of voting rights | Percentage of voting rights |
+-------------------------------------------+-----------------------------------+
| 8,738,694 | 18.723% |
+-------------------------------------------+-----------------------------------+


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


+-------------------------------------------+-----------------------------------+
| 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: | All figures are based on the |
| | Company's issued share capital of |
| | 46,673,971 as provided by Exshare |
| | Email contact RDU@gartmore.com |
+-------------------------------------------+-----------------------------------+
| 14. Contact name: | RDU |
| | |
+-------------------------------------------+-----------------------------------+
| 15. Contact telephone number: | 0207 782 2324 |
| | |
+-------------------------------------------+-----------------------------------+



This information is provided by RNS
The company news service from the London Stock Exchange
END

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