Holding(s) in Company

RNS Number:2731B
Sarantel Group PLC
01 August 2007

TR-1(i): 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):



Sarantel Group 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):



Gateway VCT plc



4. Full name of shareholder(s) (if different from 3.) (iv):



N/A



5. Date of the transaction (and date on which the threshold is crossed or

reached if different) (v):



31 July 2007



6. Date on which issuer notified:



31 July 2007



7. Threshold(s) that is/are crossed or reached:



from 4.44% to 3.21%



8. Notified details:



A: Voting rights attached to shares


Class/type of shares Situation previous to the Resulting situation after the triggering transaction (vii)
if possible using    Triggering transaction
the ISIN CODE        (vi)
                     Number of    Number of    Number of    Number of voting      %  % of voting rights
                     shares       voting       shares       of voting (ix)
                                  Rights



                                        (viii)
                                               Direct       Direct (x)  Indirect     Direct     Indirect
                                                                        (xi)
B065J78              2,452,448    2,452,448    2,452,448    2,452,448    -           3.21%      -



GB00B065J785



Ord A 10p



B: Financial Instruments



Resulting situation after the triggering transaction (xii)


Type of financial    Expiration date      Exercise/ Conversion Number of voting      % of voting rights
instrument           (xiii)               Period/ Date (xiv)   rights that may be
                                                               acquired if the
                                                               instrument is
                                                               exercised/ converted.


Total (A+B)


Number of voting rights                              % of voting rights


2,452,448                                                        3.21%



9. Chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held, if applicable (xv):



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:



Gateway VCT plc



15. Contact telephone number:



020 8991 4577



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):





Contact address (registered office for legal entities):





Phone number:





Other useful information (at least legal representative for legal persons):





B: Identity of the notifier, if applicable (xvii)



Full name:





Contact address:





Phone number:



Other useful information (e.g. functional relationship with the person or legal
entity subject to the notification obligation):





C: Additional information:





Notes to the Forms



(i) This form is to be sent to the issuer or underlying issuer and to be filed

with the competent authority.



(ii) Either the full name of the legal entity or another method for identifying

the issuer or underlying issuer, provided it is reliable and accurate.



(iii) This should be the full name of (a) the shareholder; (b) the person

acquiring, disposing of or exercising voting rights in the cases provided for in

DTR5.2.1 (b) to (h); (c) all the parties to the agreement referred to in

DTR5.2.1 (a), or (d) the direct or indirect holder of financial instruments

entitled to acquire shares already issued to which voting rights are attached,

as appropriate.



In relation to the transactions referred to in points DTR5.2.1 (b) to (h), the

following list is provided as indication of the persons who should be mentioned:



- in the circumstances foreseen in DTR5.2.1 (b), the person that acquires the

voting rights and is entitled to exercise them under the agreement and the

natural person or legal entity who is transferring temporarily for consideration

the voting rights;



- in the circumstances foreseen in DTR 5.2.1 (c), the person holding the

collateral, provided the person or entity controls the voting rights and

declares its intention of exercising them, and person lodging the collateral

under these conditions;



- in the circumstances foreseen in DTR5.2.1(d), the person who has a life

interest in shares if that person is entitled to exercise the voting rights

attached to the shares and the person who is disposing of the voting rights when

the life interest is created;



- in the circumstances foreseen in DTR5.2.1 (e), the parent undertaking and,

provided it has a notification duty at an individual level under DTR 5.1, under

DTR5.2.1 (a) to (d) or under a combination of any of those situations, the

controlled undertaking;



- in the circumstances foreseen in DTR5.2.1 (f), the deposit taker of the

shares, if he can exercise the voting rights attached to the shares deposited

with him at his discretion, and the depositor of the shares allowing the deposit

taker to exercise the voting rights at his discretion;



- in the circumstances foreseen in DTR5.2.1 (g), the person that controls the

voting rights;



- in the circumstances foreseen in DTR5.2.1 (h), the proxy holder, if he can

exercise the voting rights at his discretion, and the shareholder who has given

his proxy to the proxy holder allowing the latter to exercise the voting rights

at his discretion.



(iv) Applicable in the cases provided for in DTR 5.2.1 (b) to (h). This should

be the full name of the shareholder who is the counterparty to the natural

person or legal entity referred to in DTR5.2.



(v) The date of the transaction should normally be, in the case of an on

exchange transaction, the date on which the matching of orders occurs; in the

case of an off exchange transaction, date of the entering into an agreement.



The date on which threshold is crossed should normally be the date on which the

acquisition, disposal or possibility to exercise voting rights takes effect (see

DTR 5.1.1R (3)). For passive crossings, the date when the corporate event took

effect.



(vi) Please refer to the situation disclosed in the previous notification, In

case the situation previous to the triggering transaction was below 3%, please

state 'below 3%'.



(vii) If the holding has fallen below the minimum threshold , the notifying

party should not be obliged to disclose the extent of the holding, only that the

new holding is less than 3%.



For the case provided for in DTR5.2.1(a), there should be no disclosure of

individual holdings per party to the agreement unless a party individually

crosses or reaches an Article 9 threshold. This applies upon entering into,

introducing changes to or terminating an agreement.



(viii) Direct and indirect



(ix) In case of combined holdings of shares with voting rights attached 'direct

holding' and voting rights 'indirect holdings', please split the voting rights

number and percentage into the direct and indirect columns-if there is no

combined holdings, please leave the relevant box blank.



(x) Voting rights to shares in respect of which the notifying party is a direct

shareholder (DTR 5.1)



(xi) Voting rights held by the notifying party as an indirect shareholder (DTR

5.2.1)



(xii) If the holding has fallen below the minimum threshold, the notifying party

should not be obliged to disclose the extent of the holding, only that the new

holding is below 3%.



(xiii) date of maturity / expiration of the finical instrument i.e. the date

when the right to acquire shares ends.



(xiv) If the financial instrument has such a period-please specify the period-

for example once every three months starting from the (date)



(xv) The notification should include the name(s) of the controlled undertakings

through which the voting rights are held. The notification should also include

the amount of voting rights and the percentage held by each controlled

undertaking, insofar as individually the controlled undertaking holds 5% or

more, and insofar as the notification by the parent undertaking is intended to

cover the notification obligations of the controlled undertaking.



(xvi ) This annex is only to be filed with the competent authority.



(xvii) Whenever another person makes the notification on behalf of the

shareholder or the natural person/legal entity referred to in DTR5.2 and DTR5.3




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