Holding(s) in Company

RNS Number : 6406Y

Barclays PLC

07 September 2009

 



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				Barclays 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					YES
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		International Petroleum Investment Company ('IPIC') Kadin Holdings Ltd. ('Kadin')
4. Full name of shareholder(s)   (if different from 3.):iv		PCP Gulf Invest 3 Limited ('PCP3')
5. Date of the transaction and date on which the threshold is crossed or reached: v		4 September 2009
6. Date on which issuer notified:		4 September 2009
7. Threshold(s) that is/are crossed or reached: vi, vii		6%-3%

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

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

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

Warrants

197.775p

31 October 2013

27 November 2008 - 31 October 2013

Nil

Nominal

Delta

Nil

Not required

Total (A+B+C)

Number of voting rights

Percentage of voting rights

Nil

Nil

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The warrants are legally owned by PCP3. The warrants are exercisable into 758,437,618 ordinary shares in Barclays PLC (equivalent to 6.88% of voting rights in Barclays PLC, as calculated pursuant to the Disclosure Rules). Prior to the triggering transaction, PCP3 was wholly owned by Kadin. Kadin is, in turn, wholly owned by IPIC. The triggering transaction is the exercise of an option granted to KAQ Holdings Limited ('KAQ') to acquire, at any time, the entire share capital (and not a portion only) of PCP3 (the 'Option'). Pursuant to the exercise of the Option, on 4 September 2009 PCP3 entirely ceased to be owned directly by Kadin and indirectly by IPIC.  As a result, the aggregate percentage of voting rights in Barclays PLC referenced by IPIC's and Kadin's financial instruments fell on 4 September 2009 from 6.88% to NIL%. For reference, the Option was the subject of a regulatory notification made by KAQ and its 100% owner, His Excellency Khadem Abdulla Khadem Butti Al Qubaisi, on 8 June 2009 (with a further regulatory notification made on 7 July 2009 that was triggered by a regulatory announcement by Barclays PLC of an increased total in its issued ordinary shares with voting rights).
Proxy Voting:
10. Name of the proxy holder:
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:	As required under the Disclosure Rules, this notification has been prepared using the total voting rights figure of 11,029,397,305 as set out in the regulatory announcement made by Barclays PLC dated 28 August 2009. Consequently the quoted percentages of voting rights detailed in this notification have been calculated without including the further shares to be issued when the warrants included in this notification are exercised. This results in the percentage figure for the holding prior to the exercise of the Option being artificially high.
14. Contact name:	Fryderyk J. Holc
15. Contact telephone number:	+971.(2).417.6690

 

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