Holding(s) in Company
March 08 2007 - 10:21AM
UK Regulatory
RNS Number:6127S
Vega Group PLC
08 March 2007
VEGA Group PLC
8 March 2007
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):
VEGA Group PLC
2. Reason for the notification (please state YES/NO):
An acquisition or disposal of voting rights: (NO)
An acquisition or disposal of financial instruments
which may result in the acquisition of shares already
issued to which voting rights are attached: (NO)
An event changing the breakdown of voting rights (NO)
Other (please specify): (YES)
Re-disclosure following implementation of the Transparency Directive
3. Full name of person(s) subject to the notification obligation (iii):
BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme. See
Section 9 for further information.
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 (v):
Position held on 20th January 2007
6. Date on which issuer notified:
07 March 2007
7. Threshold(s) that is/are crossed or reached:
12%
8. Notified details:
A. Voting Rights attached to shares
Class/type of shares Situation previous to the Triggering transaction (vi)
if possible using the ISIN CODE
Number of Shares Number of Voting Rights (viii)
0929150 ORD 5P 2,580,602 2,580,602
Resulting situation after the triggering transaction (vii)
Class/type of shares
if possible using the ISIN CODE Number Number of % of
of shares voting rights ix voting rights
Direct Direct ( x) Indirect (xi) Direct Indirect
1,409,684 1,409,684 1,170,918 6.925% 5.752%
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
2,580,602 12.677%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv) :
BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund
Trustees Limited, which is the parent undertaking of Hermes Pensions
Management Limited. Hermes Pensions Management Limited is the parent
undertaking of
1. Hermes Investment Management Limited (voting rights held in this issuer:
12.677%)
Please see Section 13 for further information.
Proxy Voting:
10. Name of the proxy holder:
See Comment in Section 13.
11. Number of voting rights proxy holder will cease to hold:
See Comment in Section 13.
12. Date on which proxy holder will cease to hold voting rights:
See Comment in Section 13.
13. Additional information:
Hermes Investment Management Limited hold the voting rights under a standing
proxy contained in investment management agreements with various underlying
clients, which includes all the shares owned directly by BT Pension Scheme.
All voting rights held on behalf of the above entities are aggregated for the
purposes of DTR 5.2.1(a) and
disclosed pursuant to DTR 5.1.5.
This disclosure is made by BT Pension Scheme Trustees Limited, which is the
ultimate parent undertaking for the purposes of DTR 5.2.1(e).
14. Contact name:
Kenneth Blyth
15. Contact telephone number:
01707 362650
----------------------------------------
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 natural person
or legal entity 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 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 natural person or legal
entity 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 natural person or legal
entity holding the collateral,
provided the person or entity controls the voting rights and declares its
intention of exercising them, and natural person or legal entity lodging the
collateral under these conditions;
- in the circumstances foreseen in DTR5.2.1(d), the natural person or legal
entity who has a life interest in
shares if that person or entity is entitled to exercise the voting rights
attached to the shares and the natural person or legal entity who is disposing
of the voting rights when the life interest is created;
- in the circumstances foreseen in DTR5.2.1 (e), the controlling natural person
or legal entity 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 natural person or legal
entity 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 unless the
holdings of the shareholder would be lower than 5% of the total number of voting
rights.
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. 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 5%, please state 'below 5%'.
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 5%.
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 held by notifying party (DTR 5.1)
xi Voting rights held by the notifying party independently of any holding of
shares (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 5%.
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 form 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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