Holding(s) in Company

RNS Number : 3636T

Barclays PLC

04 June 2009

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i
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					x
An event changing the breakdown of voting rights
Other (please specify):	New Disclosure Rules in Force				x
3. Full name of person(s) subject to the notification obligation: iii		International Petroleum Investment Company Kadin Holdings Ltd. PCP Gulf Invest 1 Limited PCP Gulf Invest 3 Limited
4. Full name of shareholder(s)   (if different from 3.):iv		PCP Gulf Invest 1 Limited (in respect of mandatorily convertible notes only) PCP Gulf Invest 3 Limited (in respect of warrants only)
5. Date of the transaction and date on which the threshold is crossed or reached: v		1 June 2009
6. Date on which issuer notified:		3 June 2009
7. Threshold(s) that is/are crossed or reached: vi, vii		3- 24%

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

Mandatorily convertible notes ('MCNs')

153.276p

30 June 2009

MCNs are convertible at the option of PCP1 up until 23 June 2009 and if not converted on or prior to such date will automatically convert into Barclays PLC Ordinary Shares on 30 June 2009

1,304,835,721

Nominal

Delta

15.55%

Not required

Warrants

197.775p

31 October 2013

27th November 2008 - 31 October 2013

758,437,618

Nominal

Delta

9.04%

Not required

Total (A+B+C)

Number of voting rights

Percentage of voting rights

2,063,273,339

24.59%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The MCNs are legally owned by PCP Gulf Invest 1 Limited ('PCP1'). PCP1 is, in turn, wholly owned by Kadin Holdings Ltd. ('Kadin'). Kadin is, in turn, wholly owned by International Petroleum Investment Company ('IPIC'). The warrants are legally owned by PCP Gulf Invest 3 Limited ('PCP3'). PCP3 is, in turn, wholly owned by Kadin, which is, in turn, wholly owned by IPIC.
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 DTRs, this notification has been prepared using the total voting rights figure of 8,391,578,567 as set out in the public announcement made by Barclays PLC dated 29 May 2009. Consequently the quoted percentage of voting rights detailed in this notice have been calculated without the further shares to be issued when the MCNs and Warrants included in this notification are converted.  This results in percentage figures which are artificially high. Reference should also be made to the announcement made on 2nd June 2009 relating to the sale by IPIC of Barclays shares arising on conversion of the MCNs referred to in this notification.
14. Contact name:	Fryderyk J. Holc
15. Contact telephone number:	+971.(2).417.6690

 

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