Holding(s) in Company

RNS Number : 3032W

Wolseley PLC

09 June 2008

 



TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

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

Wolseley plc

2. Reason for the notification (please state Yes/No):                       ( )

An acquisition or disposal of voting rights:                              (YES)

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached:   ( )

An event changing the breakdown of voting rights:                         (YES)

Other (please specify) :                                                    ( )

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

Baillie Gifford & Co

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

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

20 May 2008

6. Date on which issuer notified:

6 June 2008

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

FALLEN BELOW 5%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares     Situation previous to  

if possible using the    the Triggering  

ISIN CODE                transaction  

                         Number of shares     Number of voting Rights 

0976402

ORD 25P                  38,382,836           38,382,836

Resulting situation after the triggering transaction 

Number of    Number of voting rights      % of voting rights  

shares       Direct    Indirect           Direct     Indirect  

Below 5%               Below 5%                      Below 5%            

B: Financial Instruments

Resulting situation after the triggering transaction 

Type of     Expiration     Exercise     No. of voting     % of voting

financial   Date           conversion   rights that may   rights

instrument                 Period/Date  be acquired (if

                                        the instrument is

                                        exercised/converted)

Total (A+B)

Number of voting rights     % of voting rights 

Below 5%                    Below 5%

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

In the narrative below, the figures in [ ] indicate the amount of voting rights and the percentage held by each controlled undertaking where relevant.

Baillie Gifford & Co, a discretionary investment manager, is the parent undertaking of an investment management group.

Its wholly-owned subsidiary undertaking Baillie Gifford Overseas Limited [4048595; 0.6%] is also a discretionary investment manager.

Its wholly-owned subsidiary undertaking Baillie Gifford & Co Limited [838778; 0.1%] is an OEIC Authorised Corporate Director and Unit Trust Manager which has delegated its discretionary investment management role to Baillie Gifford & Co.

Its wholly-owned subsidiary undertaking Baillie Gifford Life Limited [6213922; 0.9%] is a life assurance company which procures discretionary investment management services from Baillie Gifford & Co in respect of its own account shareholdings.

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:

We were appointed by a client to manage additional assets for them and during the take on we clarified their intention with regard to voting and this resulted in our amending our records.  The effect of this was to reduce our total holding over which we have voting discretion. 

We have taken action to calculate back the original date of transaction to which the 5% threshold was crossed.

14. Contact name:

Richard I. Shoylekov

15. Contact telephone number:

0118 929 8700

 

END

 

 

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