Holding(s) in Company

RNS Number : 1327V

Smith & Nephew Plc

28 October 2010

 



Financial Services Authority

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:			Smith & Nephew Plc
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				Yes
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:		Legal & General Group Plc (L&G)
4. Full name of shareholder(s)  (if different from 3.):		Legal & General Assurance (Pensions Management) Limited (PMC)
5. Date of the transaction and date on which the threshold is crossed or reached:		26 October 2010
6. Date on which issuer notified:		27 October 2010
7. Threshold(s) that is/are crossed or reached:		L&G (From 3% to 4%)

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

Ordinary USD 0.20

35,524,132 (As on 22/10/2010)

36,066,115

36,066,115

4.05%

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

36,066,115

4.05%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Legal & General Group Plc (Direct and Indirect) (Group)  Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect)  Legal & General Investment Management Limited (Indirect) (LGIM) Legal & General Group Plc (Direct) (L&G) ( 36,066,115 - 4.05%= LGAS, LGPL & PMC) Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD) ( 28,764,249 - 3.23%= PMC)  Legal & General Insurance Holdings Limited (Direct) (LGIH) Legal & General Assurance (Pensions Management) Limited  (PMC) ( 28,764,249 - 3.23%= PMC)  Legal & General Assurance Society Limited  (LGAS & LGPL) Legal & General Pensions Limited (Direct)  (LGPL)
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:	Notification using the total voting rights figure of  888,870,649
14. Contact name:	Paul Toon (LGIM)
15. Contact telephone number:	020 3124 3854

Note: Annex should only be submitted to the FSA not the issuer
Annex: Notification of major interests in share
A: Identity of the persons or legal entity subject to the notification obligation
Full name (including legal form of legal entities)	Legal & General Group Plc
Contact address (registered office for legal entities)	One Coleman Street, London, EC2R 5AA
Phone number & email	020 3124 3851
Other useful information (at least legal representative for legal persons)	Paul Sweeney
B: Identity of the notifier, if applicable
Full name	Paul Toon (LGIM)
Contact address	One Coleman Street, London, EC2R 5AA
Phone number & email	020 3124 3854 [e-mail]
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)	Investment Advisor
C: Additional information

Gemma Parsons

Deputy Company Secretary 

Smith & Nephew plc

020 7401 7646

 

END

 

 

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