Holding(s) in Company (4584Z)
March 15 2012 - 12:26PM
UK Regulatory
TIDMLWB
RNS Number : 4584Z
Low & Bonar PLC
15 March 2012
TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached:
Low & Bonar PLC
2. Reason for the notification (please place an X inside the
appropriate bracket/s):
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): Transfer of voting rights
3. Full name of person(s) subject to the notification
obligation:
Hermes Equity Ownership Services Limited and
Hermes Focus Asset Management Limited
4. Full name of shareholder(s) (if different from 3.):
Shares are held by the relevant custodian(s)
5. Date of the transaction (and date on which the threshold is
crossed or reached if different):
14 March 2012
6. Date on which issuer notified:
15 March 2012
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 using the ISIN CODE Situation previous to the Triggering transaction
Number of shares Number of voting Rights
GB0005363014 30,225,391 30,225,391
Resulting situation after the triggering transaction
Class/type of shares Number of Number of voting rights % of voting rights
if possible using shares
the ISIN CODE
Direct Indirect Direct Indirect
GB0005363014 N/A N/A 28,640,545 N/A 9.94713%
B: Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Exercise/Conversion Number of voting % of voting
financial Date Period/ Date rights that may rights
instrument be acquired if
the instrument
is exercised/ converted.
N/A N/A N/A N/A N/A
C: Financial Instruments with similar economic effect to
Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of Exercise Expiration Exercise/Conversion Number % of voting rights
financial price Date Period of voting
instrument rights
instrument
refers
to
Nominal %
N/A N/A N/A N/A N/A N/A N/A
Total (A+B+C)
Number of voting rights % of voting rights
28,640,545 9.94713%
9. Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if
applicable:
BT Pension Scheme Trustees Limited, as trustee of the BT Pension
Scheme ("BTPS") controls Britel Fund Trustees Limited, which is the
parent undertaking of Hermes Fund Managers Limited ("HFML"). HFML
is the parent undertaking of:
1. Hermes Equity Ownership Services Limited ("HEOS") (voting rights: 1.28308%)*
2. Hermes Focus Asset Management Limited ("HFAM")** as General
Partner of the following limited partnerships:
a. Hermes UK Specialist Focus Fund ("HUKSFF") (voting rights: 8.66406%) ***
* This notification is being made in respect of HEOS, which is
an indirect holder of shares for the purpose of DTR 5.2.1(h) as a
result of control of voting rights in relation to such shares.
** HUKSFF has two general partners; Hermes Investment Management
Limited and HFAM. Under the limited partnership agreement for
HUKSFF the voting obligations are exercised by HFAM.
Proxy Voting:
10. Name of the proxy holder:
See Comment in Section 9
11. Number of voting rights proxy holder will cease to hold:
See Comment in Section 9
12. Date on which proxy holder will cease to hold voting
rights:
See Comment in Section 9
13. Additional information:
14. Contact name:
Matthew Joy, Company Secretary, Low & Bonar PLC
15. Contact telephone number:
0207 535 3184
This information is provided by RNS
The company news service from the London Stock Exchange
END
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