Armor Designs Announces Notification of Major Interest in Shares

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TEMPE, ARIZONA - August 28, 2014 - Armor Designs, Inc. (LSE: ADID)("Armor" or the "Company"), a leading designer, integrator and manufacturer of armor solutions for military, government and commercial use, today announces that it was notified on August 25, 2014 that one of its largest shareholders increased his ownership position to 5.98% of Armor's total shares outstanding in a transaction that was completed on June 25, 2014.

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii Armor Designs Inc.

 

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 notification obligation: iii William Greehey
4. Full name of shareholder(s)(if different from 3.): iv  
5. Date of the transaction and date on which the threshold is crossed or reached: v 25/06/2014
6. Date on which issuer notified: 25/08/2014
7. Threshold(s) that is/are crossed or reached: vi, vii 5%

 

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
Ordinary Shares of USD0.001ISIN: USU042272000 693,835 693,835 1,693,835 1,693,835   5.98  

 

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

 

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

 

Total (A+B+C)
Number of voting rights Percentage of voting rights
1,693,835 5.98

 

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

 

Proxy Voting:
10. Name of the proxy holder: n/a
11. Number of voting rights proxy holder will cease to hold: n/a
12. Date on which proxy holder will cease to hold voting rights: n/a

 

13. Additional information: n/a
14. Contact name: Alisa Shelley
15. Contact telephone number: +1-201-918-2001

 

For further information please contact:

Dennard Lascar Associates, LLC.
Tel: 713-529-6600
M. Carol Coale
ccoale@dennardlascar.com

Ken Dennard
ken@dennardlascar.com

Armor Designs, Inc.
Tel: +1 520 329 7686
David L. Oliveira

S. P. Angel Corporate Finance LLP
Tel: +4420 3463 2260
Stuart Gledhill
Tercel Moore

About Armor Designs, Inc.

Armor Designs, Inc. (ADI) is a knowledge-based, technology-innovation company that develops and manufactures the highest quality, lightest and most cost-effective armor solutions to serve the military, government and commercial sectors on a global basis. We are an international company headquartered in Phoenix, Arizona, and our commitment to state-of-the-art innovation is driven through the application of our patented Volumetrically Controlled Manufacturing (VCM) methodologies. VCM is a unique, integrated design and manufacturing approach that optimizes parts and systems by varying the size, shape, topology and material properties of the constituent materials in the armor allowing for rapid design and manufacturing of advanced composite materials. This methodology eliminates the trial-and-error approach and instead provides a robust platform for a rapid development of armor solutions that can be tailored for any application.

The Report and Accounts will shortly be available on the Company website, www.armordesigns.com. Please also refer to our Annual Report for complete financial statements.

For more information, please visit the Armor Designs web site at www.armordesigns.com.

Safe Harbor Statement and Disclaimer

This news release includes "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward looking words including "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although Armor Designs believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company.

Electronic versions of the materials you are seeking to access are being made available on this website by Armor Designs, Inc. ("Armor Designs") pursuant to the AIM rules for companies published by the London stock exchange as a consequence of the fact that the common shares of armor designs are admitted to trading on the AIM market of the London Stock Exchange.

Non-U.S. persons

These materials are not directed to nor are they intended for access by persons located or resident in the United States. None of the securities of Armor Designs discussed or referred to in the materials you are seeking to access have been registered under the US securities act 1933, as amended ("securities act") and may not be offered, sold, pledged or otherwise transferred except (1) in an offshore transaction meeting the requirements of rule 903 or rule 904 of regulation S under the securities act, (2) pursuant to an effective registration statement under the securities act, or (3) pursuant to an available exemption from the registration requirements of the securities act, in each case in accordance with all applicable securities laws.