IBS OPENSystems plc
26 March 2008
TR-1i: NOTIFICATION OF MAJOR INTERESTS IN SHARES
(1). Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):
IBS OPENSystems Plc
2. Reason for the notification (please state Yes/No):
.................
An acquisition or disposal of voting rights:
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: Yes
.................
Other (please specify):
3. Full name of person(s) subject to the notification obligation (iii):
Herald Investment Management Limited
4. Full name of shareholder(s) (if different from 3.) (iv):
Not needed
5. Date of the transaction and date on which the threshold is crossed or
reached (v):
n/a see other above
6. Date on which issuer notified:
26 March 2008
7. Threshold(s) that is/are crossed or reached:
10%
8. Notified details:
.................
A: Voting rights attached to shares
Class/type of shares if possible Situation previous to the
using the ISIN CODE Triggering transaction (vi)
Number of shares Number of voting Rights (viii)
GB00B06HS226 3,875,000(10.12%) 3,875,000(10.12%)
Resulting situation after the triggering transaction (vii)
Class/type of shares if Number of shares Number of voting rights (ix) % of voting rights
possible using the ISIN CODE
Direct (x) Indirect (xi) Direct Indirect
n/a n/a 3,875,000 10.12%
B: Financial Instruments
Resulting situation after the triggering transaction (xii)
Type of Expiration Date Exercise/Conversion Number of voting rights % of voting rights
financial (xiii) Period/ Date (xiv) that may be acquired if the
instrument instrument is exercised/
converted.
Total (A+B)
Number of voting rights % of voting rights
3,875,000 10.12%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):
Herald Investment Management Limited, a discretionary investment manager, is the
parent undertaking of an investment management business.
Herald Investment Trust (in the name of Bank 3,875,000 10.12%
of New York (OCS Nominees Ltd)
Total for funds under the management of Herald 3,875,000 10.12%
Investment Management Ltd
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:
14. Contact name: Andrew Miller
15. Contact telephone number: 020 7553 6308
Annex to Notification Of Major Interests In Shares (XVI)
A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities):
Herald Investment Management Limited
Contact address (registered office for legal entities):
10/11 Charterhouse Square
LONDON EC1M 6EE
Phone number:
020 7553 6308
Other useful information (at least legal representative for legal persons):
Andrew Miller
B: Identity of the notifier, if applicable (xvii)
Full name: See above
.................
Contact address:
.................
Phone number:
.................
Other useful information (e.g. functional relationship with the person or legal
entity subject to the notification obligation):
.................
This information is provided by RNS
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