Holding(s) in Company

RNS Number : 0946K

Rank Group PLC

15 December 2008

 

The Rank Group Plc

- Notification of Major Interest in Shares

On 12 December 2008, BT Pension Scheme Trustees Limited (as trustee of the BT Pension Scheme) notified the Company that as at 11 December 2008 it had a notifiable interest in the voting rights attached to 40,415,597 Ordinary 13 8/9p shares of The Rank Group Plc ('Rank'), representing 10.349% of the issued share capital of Rank.

Notes

BT Pension Scheme Trustees Limited is the parent undertaking of BriTel Fund Trustees Limited, which is the parent undertaking of Hermes Pensions Management Limited, which is the parent undertaking of:-

• Hermes Investment Management Limited (voting rights held: 0%)

• Hermes Focus Asset Management Limited (voting rights held: 10.182%)

• Hermes Equity Ownership Services Limited (voting rights held: 0.167%) 

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 underlying clients.

Hermes Investment Management Limited hold the voting rights under a standing proxy contained in investment management agreements with various underlying 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.

All voting rights held on behalf of the above entities are aggregated for the purposes of DTR 5.2.1(a). The aggregation is made at the lower threshold of 3% and above because Hermes Equity Ownership Services Limited does not manage investments for the purposes of the investment manager exemption contained in DTR 5.1.5.

BT Pension Scheme Trustees Limited is the parent undertaking of the group of companies subject to the notification obligation as indirect holders of voting rights for the purpose of DTR 5.2.1(a) and 5.2.1(e).

15 December 2008

website: www.rank.com

 

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