Holding(s) in Company

RNS Number : 7549Q

Galiform PLC

17 April 2009

 



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:	Galiform 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 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
Other (please specify):
3. Full name of person(s) subject to the notification obligation:	BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme. See Section 9 for further information.
4. Full name of shareholder(s) (if different from 3.):	Hermes Focus Asset Management Limited
5. Date of the transaction (and date on which the threshold is crossed or reached if different):	16 April 2009
6. Date on which issuer notified:	17 April 2009
7. Threshold(s) that is/are crossed or reached:	From 9%  to 8%

8. Notified details:

A: Voting rights attached to shares
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 viii	Number of shares	Number of voting rights ix		% of voting rights
			Direct	Direct  x	Indirect xi	Direct	Indirect
0557681 GB0005576813   ORD 10P 8	57,219,676	57,219,676	0	0	51,669,676	0%	8.154%

B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial instrument	Expiration date xiii	Exercise/ Conversion Period/ Date xiv	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

Total (A+B)
Number of voting rights	% of voting rights
51,669,676	8.150%

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

BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund Trustees Limited, which is the parent undertaking of Hermes Pensions Management Limited. Hermes Pensions Management Limited is the parent undertaking of:  Hermes Investment Management Limited (voting rights held in this issuer: 0.00%)  Hermes Focus Asset Management Limited(voting rights held in this issuer: 8.119%) Hermes Equity Ownership Services Limited (voting rights held in this issuer: 0.035%) Please see Section 13 for further information.

Proxy Voting:
10. Name of the proxy holder:	See Comment in Section 13.
11. Number of voting rights proxy holder will cease to hold:	See Comment in Section 13.
12. Date on which proxy holder will cease to hold voting rights:	See Comment in Section 13.

13. Additional information:	Hermes Investment Management Limited hold the voting rights under a standing proxy contained in investment management agreements with various underying clients, which includes all the shares owned directly by BT Pension Scheme. Hermes Focus Asset Management Limited hold the voting rights as General Partner under a standing proxy contained in limited partnership agreements with various limited partnerships. Hermes Equity Ownership Services Limited hold the voting rights under a standing proxy contained in services agreements for the provision of corporate governance services to various underying clients. All voting rights held on behalf of the above entities are aggregated for the purposes of DTR 5.2.1(a) and disclosed pursuant to DTR 5.1.5. This disclosure is made by BT Pension Scheme Trustees Limited, which is the ultimate parent undertaking for the purposes of DTR 5.2.1(e).
14. Contact name:	Valerie Davidson / Margaret Moss
15. Contact telephone number:	020 7680 2177 / 020 7680 2125

 

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