Holding(s) in Company (7989X)
February 21 2012 - 4:54AM
UK Regulatory
TIDMCYAN TIDMLGEN
RNS Number : 7989X
Cyan Holdings Plc
21 February 2012
Financial Services Authority
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
---------------------------------------------------------------
------------------------------------------------------------------------------------------
1. Identity of the issuer or the underlying Cyan Holdings Plc
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
-------------------------------------------------------------------------------- --------
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 Yes
-------------------------------------------------------------------------------- --------
Other (please
specify):
------------------- ----------------------------------------------------------- --------
3. Full name of person(s) subject Legal & General Group Plc (Group)
to the
notification obligation: Legal & General Investment Management
Limited (LGIM)
Legal & General Group Plc (L&G)
------------------------------------------ ----------------------------------------------
4. Full name of shareholder(s) Legal & General Assurance Society Limited
(if different from 3.): (LGAS & LGPL)
------------------------------------------ ----------------------------------------------
5. Date of the transaction and date 17 February 2012
on
which the threshold is crossed
or
reached:
------------------------------------------ ----------------------------------------------
6. Date on which issuer notified: 20 February 2012
------------------------------------------ ----------------------------------------------
7. Threshold(s) that is/are crossed Group (Above 10%)
or LGIM (Above 10%)
reached: L&G (From 9% to 11%)
------------------------------------------ ----------------------------------------------
8. Notified details:
------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
------------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the triggering transaction
of to the triggering
shares transaction
if
possible
using
the ISIN
CODE
----------- ------------------------------- --------------------------------------------------------------------------
Number Number Number of voting % of voting rights
of of rights
Shares Voting
Rights
----------- ------------ ----------------- --- ------------------------------- -----------------------
Number Direct Indirect Direct Indirect
of shares
----------- ----- ----- ----- ------ ---------------- --------------- -------------- ---------- -----------
Ordinary 90,000,000
GBP 0.002p L&G 145,961,538 145,961,538
----------- ------------------------------- ---------------- --------------- --- -----------
90,000,000
LGIM
----------- ------------------------------- --- ----------- ---- ---------
(As on 20/09/2010) - 8.89% 0.00%
----------- ------------------------------- --- ----------- ---- --------- -------------- ---------- -----------
B: Qualifying Financial Instruments
------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
------------------------------------------------------------------------------------------------------------------------
Number of voting
rights that may % of voting
be rights
acquired if the
instrument is
exercised/ converted.
----------- ----- --------------------------- ---------------------
Type of financial Expiration Exercise/ Direct Indirect Direct Indirect
instrument date Conversion Period
------------------------- ------------- -------------------------- -------------- ----------- -------- -----------
Warrants N/A N/A 37,500,000 - 2.28% 0.00%
------------------------- ------------- -------------------------- -------------- ----------- -------- -----------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
------------------------------------------------------------------------------------------------------------------------
Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights
instrument price date Conversion rights instrument
period refers to
------------------ ------------ --------------- ----------- ------------------------------- -----------------------
Nominal Delta
------------------ ------------ --------------- ----------- ------------------------------- ---------- -----------
Total (A+B+C)
------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
-------------------------------------------------------------- --------------------------------------------------------
11.17%
183,461,538
(L&G)
-------------------------------------------------------------- --------------------------------------------------------
183,461,538 11.17%
(LGIM)
-------------------------------------------------------------- --------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable:
----------------------------------------------------------------------------------------------
Legal & General Group Plc (Direct and Indirect) (Group) (
183,461,538 -11.17%= Total Position)
Legal & General Investment Management (Holdings) Limited
(LGIMH) (Direct and Indirect) ( 183,461,538
- 11.17%= Total Position)
Legal & General Investment Management Limited (Indirect)
(LGIM) ( 183,461,538 - 11.17%= Total
Position)
Legal & General Group Plc (Direct) (L&G) ( 183,461,538 - 11.17%=LGAS, LGPL & PMC)
Legal & General Investment Legal & General Insurance Holdings Limited
Management (Holdings) Limited (Direct) (LGIH) ( 183,461,538 - 11.17%= LGAS &
(Direct) (LGIMHD) LGPL)
Legal & General Assurance Legal & General Assurance Society Limited (LGAS &
(Pensions Management) Limited LGPL) ( 183,461,538 - 11.17%= LGAS & LGPL)
(PMC)
Legal & General Pensions Limited (Direct) (LGPL)
Proxy Voting:
----------------------------------------------------------------------------------------------
10. Name of the proxy holder: N/A
------------------------------------------------------------ --------------------------------
11. Number of voting rights proxy holder will N/A
cease
to hold:
------------------------------------------------------------ --------------------------------
12. Date on which proxy holder will cease to N/A
hold
voting rights:
------------------------------------------------------------ --------------------------------
Notification using the total voting
13. Additional information: rights figure of 1,642,763,689
----------------------------------------------- ---------------------------------------------
14. Contact name: Paul Toon (LGIM)
----------------------------------------------- ---------------------------------------------
15. Contact telephone number: 020 3124 3854
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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