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: |
Next plc |
2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
X |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to the notification obligation:
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FMR LLC |
4. Full name of shareholder(s) (if different from 3.):
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FMR LLC is the parent holding company of Fidelity Management & Research Company (FMRCO), Investment manager for US mutual funds, FIL Management Trust Company (FMTC), Pyramis Global Advisors Trust Company (PGATC). US state chartered bank which acts as a trustee or Investment manager of various pension and trust accounts Pyramis Global Advisors LLC (PGALLC) and Pyramis Trust Company (PTC).
Brown Brothers Harriman and Co - 15,009,100 (FMRCO) JP Morgan Chase Bank - 2,626,551 (FMRCO) State Street Bank and TR Co - 31,230 (FCL) State Street Bank and TR Co - 267,400 (FMRCO) State Street Bank and TR Co - 200,000 (FMTC) |
5. Date of the transaction and date on which the threshold is crossed or reached:
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11 February 2011 |
6. Date on which issuer notified:
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14 February 2011 |
7. Threshold(s) that is/are crossed or reached:
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10% |
8. Notified details: |
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A: Voting rights attached to shares
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Class/type of
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights |
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Indirect |
Direct |
Indirect |
Direct |
Indirect |
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GB0032089863 |
18,034,281 |
18,034,281 |
18,134,281 |
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18,134,281 |
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10.03% |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction
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Type of financial |
Expiration |
Exercise/ |
Number of voting
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% of voting |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments |
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Resulting situation after the triggering transaction
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Type of financial |
Exercise |
Expiration |
Exercise/ |
Number of voting |
% of voting rights
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Nominal |
Delta
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Total (A+B+C)
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Number of voting rights |
Percentage of voting rights |
18,134,281 |
10.03% |
9. Chain of controlled undertakings through which the voting rights and/or the |
FMR LLC is the parent holding company of Fidelity Management & Research Company (FMRCO), Investment manager for US mutual funds, FIL Management Trust Company (FMTC), Pyramis Global Advisors Trust Company (PGATC). US state chartered bank which acts as a trustee or Investment manager of various pension and trust accounts Pyramis Global Advisors LLC (PGALLC) and Pyramis Trust Company (PTC).
Brown Brothers Harriman and Co - 15,009,100 (FMRCO) JP Morgan Chase Bank - 2,626,551 (FMRCO) State Street Bank and TR Co - 31,230 (FCL) State Street Bank and TR Co - 267,400 (FMRCO) State Street Bank and TR Co - 200,000 (FMTC) |
Proxy Voting:
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10. Name of the proxy holder:
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FMR LLC |
11. Number of voting rights proxy holder will acquire:
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100,000 |
12. Date on which proxy holder will acquire voting rights:
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11 February 2011 |
13. Additional information:
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None |
14. Contact name:
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Robert Crayston |
15. Contact telephone number:
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Fil-regreporting@fil.com 01737 836241 |