Holding(s) in Company

RNS Number : 1671E

Balfour Beatty PLC

15 December 2009

 



Balfour Beatty plc ("the Company") has received notice from M & G Investment Management Limited, on behalf of Prudential plc ("Prudential") and certain of its subsidiary companies, confirming that Prudential now holds a direct interest in 5.11% of the Company's total voting rights (50p Ordinary Shares in the Company).

The Company has also been advised that this includes the interests of the following subsidiary companies of Prudential, who are also interested in the same 50p Ordinary Shares in the Company:

M&G Group Limited (wholly owned subsidiary of Prudential plc): 4.97%  

M&G Limited (wholly owned subsidiary of M&G Group Limited): 4.97%

M&G Investment Management Limited (wholly owned subsidiary of M&G Limited): 4.91%

The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential plc): 3.85%

The Company has also been advised that ("Prudential") and certain of its subsidiary companies are also interested in 3,510,000 of the Company's Cumulative Convertible Redeemable Preference Shares of 1p each ("Preference Shares"). However, the Preference Shares carry no voting rights at a general meeting of the Company, except where the dividend is six months or more in arrears, or where the business of the meeting includes a resolution which directly affects the rights and privileges attached to the Preference Shares or a resolution for the winding-up of the Company.

 

END

 

 

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