Holding(s) in Company

RNS Number : 9726J

Vislink PLC

11 December 2008

 



Vislink plc

Holdings in Company

11 December 2008

In conformity with the Transparency Directive Vislink plc ('Vislink') is required to announce to the market the receipt of notifications of major interests in shares.

Vislink received notice on 10 December 2008 in accordance with the Disclosure and Transparency Rules that BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme has a notifiable indirect interest in 11,865,997 ordinary shares of 2.5pence each in Vislink plc, being 8.56% of the issued ordinary share capital of Vislink. Details of the notification are given below.

This is the first of four announcements in which it is disclosed that the direct holding in respect of these shares have been subject to inter specie transfers.

James Trumper - Company Secretary 

Telephone: [phone]

FINANCIAL SERVICES AUTHORITY

TR-1 : NOTIFICATION OF MAJOR INTERESTS IN SHARES 

• Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached :      

Vislink 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 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.) :

N/A.

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

6. Date on which issuer notified:    10 December 2008.

7. Threshold(s) that is/are crossed or reached:  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	Number of shares Direct	Number of Voting Rights		% of voting rights
				Direct	Indirect	Direct	Indirect
0148289 ORD GBP0.025 GB0001482891	11,865,997	11,865,997	0	0	11,865,997	0%	8.561%

B: Financial Instruments

Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ Conversion Period/ Date	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

Total (A+B)
Number of voting rights	% of voting rights
11,865,997	8.561%

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 Fund Managers Limited is the parent undertaking of:

• Hermes Equity Ownership Services Limited (voting rights held in this issuer: 8.561%)

• Hermes Investment Management Limited (voting rights held in this issuer: 0%

Proxy Voting:

10. Name of the proxy holder: See 13. 
 

11. Number of voting rights proxy holder will cease to hold: See 13    

12. Date on which proxy holder will cease to hold voting rights: See 13.  
        

13. Additional information: 

Hermes Equity Ownership Services Limited hold the voting rights under a standing proxy contained in agreements for the provision of voting services to various underlying clients for the purposes of DTR 5.2.1(h), which includes all the shares owned directly by BT Pension Scheme.

Hermes Investment Management Limited hold the voting rights under a standing proxy contained in investment management agreements with various underlying clients for the purposes of DTR 5.2.1(h).  

All voting rights held on behalf of the above entities are aggregated for the purposes of DTR 5.2.1(e). 

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: n/a       

15. Contact telephone number: n/a    

 

END

 

 

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