TR-1 Notification of Major In

RNS Number : 9771D

Renold PLC

11 December 2009

 



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:			RENOLD 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 qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights				×
Other (please specify):
3. Full name of person(s) subject to the notification obligation:		HARGREAVE HALE LIMITED
4. Full name of shareholder(s)   (if different from 3):		DISCRETIONARY CLIENTS
5. Date of the transaction and date on which the threshold is crossed or reached:		10 DECEMBER 2009
6. Date on which issuer notified:		10 DECEMBER 2009
7. Threshold(s) that is/are crossed or reached:		5%

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

Number of voting rights

% of voting rights

Direct

Indirect

Direct

Indirect

Direct

Indirect

GB0007325078

550,000

550,000

11,872,781

11,872,781

5.4074%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/  Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

11,872,781

5.4074%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
6,952,524 of these shares are for unit trusts operated by Marlborough Fund Managers Ltd for who Hargreave Hale Ltd manages the portfolio of investments on a discretionary basis.  The remaining balance is held on behalf of other discretionary clients.
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:	The increase in shareholding is as a result of a purchase of 11,295,045 placing shares and the take up of 27,736 open offer shares from the 142,500,000 placing/open offer shares which were admitted to the market on the 10th December 2009. Therefore, the resulting holdings percentage is based on the new TVR of 219,564,703.
14. Contact name:	Hannah Woodcock, Legal Manager and Assistant Company Secretary
15. Contact telephone number:	0161 498 4500

 

END

 

 

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