Holding(s) in Company

RNS Number : 2711L

Bgeo Group PLC

08 January 2016

 



The following announcement is made in accordance with DTR 5

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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

BGEO GROUP PLC

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

Other (please specify):

Initial baseline disclosure in line with UK implementation of the Amended Transparency Directive. Prior to 26/11/2015, due to the 5% exemption applied to asset managers, there was no requirement on Frank Russell Company ("FRC") to make a notification of its holdings in the above issuer. Subsequent to 26/11/2015, in line with FCA guidance contained in FCA Policy Statement PS15/26, FRC has reconsidered its holdings and made a voluntary disclosure of interests held in the above issuer.  The disclosure is not being made in respect of change in voting rights. The original notification was made to the issuer and to the FCA on 23 December 2015.  FRC have been advised that this was received by the issuer on 29 December.  This replacement notification has been made to provide clarity.

X

3. Full name of person(s) subject to the notification obligation: iii

FRANK RUSSELL COMPANY

4. Full name of shareholder(s)  (if different from 3.):iv

STATE STREET BANK & TRUST CO. (as custodian)

5. Date of the transaction and date on which the threshold is crossed or reached: v

No transaction date - please see explanation in 2 above

6. Date on which issuer notified:

Initial notification sent to issuer on 29th December 2015; Date of replacement notification - 7th January 2016

7. Threshold(s) that is/are crossed or reached: vi, vii

3% threshold.  Please see explanation in 2 above

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

GB00B759CR16

1,391,322

1,391,322

0

0

1,391,322

0

3.52%

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

N/A

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

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

1,391,322

3.52%

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

FRANK RUSSELL COMPANY

Proxy Voting:

10. Name of the proxy holder:

Glass Lewis & Co

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

The shares in section 8 of this disclosure are common stock to which voting rights are attached and are held in portfolios and funds managed on a discretionary basis by entities within Frank Russell Company

14. Contact name:

Mark Smith, Director, EMEA Compliance

15. Contact telephone number:

[phone]

 

END

 

 

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