Holding(s) in Company

RNS Number : 5429V

Smiths News PLC

03 November 2010

 



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:

Smiths News 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):	Pleae see question 13 below	X

3. Full name of person(s) subject to the notification obligation:	Silchester International Investors LLP
4. Full name of shareholder(s) (if different from 3.):	Silchester International Investors International Value Equity Taxable Trust Silchester International Investors International Value Equity Trust Silchester International Investors International Value Equity Group Trust Silchester International Investors Tobacco Free International Value Equity Trust The Calleva Trust
5. Date of the transaction and date on which the threshold is crossed or reached:	1st November 2010
6. Date on which issuer notified:	3rd November 2010
7. Threshold(s) that is/are crossed or reached:	19%

8. Notified details:                                                       N/A
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	Direct	Indirect	Direct	Indirect
GB00B17WCR61	0	0	36,438,995	36,438,995		19.87%

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
N/A	N/A	N/A	N/A	N/A

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
N/A	N/A	N/A	N/A	N/A	Nominal	Delta
					N/A	N/A

Total (A+B+C)
Number of voting rights	Percentage of voting rights
36,438,995	19.87%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

N/A

Proxy Voting:
10. Name of the proxy holder:	Silchester International Investors LLP
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:	On 1st November 2010, Silchester International Investors Limited ("Silchester Limited") transferred its regulated business to Silchester International Investors LLP ("Silchester LLP"). On the same day, Silchester Limited changed its name to Silchester Partners Limited. All employees of Silchester Limited, including all portfolio managers, investment analysts and members of its administration and operations teams, became partners or employees of Silchester LLP. Silchester LLP acts as investment manager for the clients detailed in Question 4 above (the "Clients").  In acting for the Clients, Silchester LLP is given full discretion over their investments and are empowered to vote on their behalf.  However, Silchester LLP does not act as the Clients' custodian and therefore shares are not held in Silchester LLP's name but in the name of each Client's custodian bank.  This notification was therefore triggered by the change in the legal structure of the investment management firm on 1st November 2010 rather than trading activity in the underlying shares.
14. Contact name:	Timothy J. Linehan, Head of Operations
15. Contact telephone number:	0207 518 7125

 

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