Holding(s) in Company

RNS Number : 4970F

Carillion PLC

20 February 2015

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				Carillion PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					X
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):
3. Full name of person(s) subject to the notification obligation: iii		Kiltearn Partners LLP
4. Full name of shareholder(s)  (if different from 3.):iv		The Kiltearn Global Equity Fund The Kiltearn Global Equity (SRI) Fund The Kiltearn Global Equity (Ireland) Fund Separate Accounts c/o Kiltearn Partners LLP
5. Date of the transaction and date on which the threshold is crossed or reached: v		18th February 2015
6. Date on which issuer notified:		20th February 2015
7. Threshold(s) that is/are crossed or reached: vi, vii		5%

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

GB0007365546

21,196,902

21,196,902

21,544,350

5.01%

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

N/A

N/A

N/A

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

N/A

N/A

N/A

N/A

Nominal

Delta

N/A

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

21,544,350

5.01%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
N/A
Proxy Voting:
10. Name of the proxy holder:		Kiltearn Partners LLP
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:	Kiltearn Partners LLP ("Kiltearn") acts as an investment manager for the clients detailed in question 4 above (our "Clients"). In acting for our Clients, Kiltearn are given full discretion over their investments. However, we do not act as our Client's custodian and therefore shares are not held in our name but in the name of each Client's custodian bank. The increase in holdings of Carillion PLC was a result of a new investor contributing US$100 million to a transition account in the Kiltearn Global Equity Fund ("US Fund"). A transition account is a separate sub-account within the US Fund's general legal structure. The transition account structure allows Kiltearn to invest cash contributions outside the US Fund's direct assets (and therefore minimizing market impact and liquidity risk from artificially high cash levels being passed to existing investors). In this instance, as is the case for all transition accounts, the cash contributed by the Investor into the transition account was used to purchase securities that substantially replicated the weighting of the same securities held in the US Fund's main portfolio. As a result, Kiltearn caused the transition account to purchase an additional 347,448 shares in Carillion PLC.
14. Contact name:	Robert McGinty, Compliance & Risk Management
15. Contact telephone number:	0131 460 1039

 

END

 

 

HOLLLFIVFVIIFIE