Holding(s) in Company

RNS Number : 4074G

Speedy Hire PLC

11 May 2011

 



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:

Speedy Hire 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:	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.):

5. Date of the transaction and date on which the threshold is crossed or reached:	10 May 2011
6. Date on which issuer notified:	11 May 2011
7. Threshold(s) that is/are crossed or reached:	10%

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
			Indirect	Direct	Indirect	Direct	Indirect
0016308 GB0000163088	51,484,717	51,484,717	N/A	N/A	53,484,717	N/A	10.3410%

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
53,484,717	10.3410%

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

BT Pension Scheme Trustees Limited, as trustee of the BT Pension Scheme ("BTPS") is the parent undertaking of Britel Fund Nominees Limited, which is the parent undertaking of Hermes Fund Managers Limited ("HFML").  HFML is the parent undertaking of: 1.     Hermes Equity Ownership Services Limited ("HEOS") (voting rights: 0.0860%) 2.     Hermes Focus Asset Management Limited ("HFAM")** as General Partner of the following limited partnerships: a.   Hermes UK Specialist Focus Fund ("HUKSFF") (voting rights: 10.2550%)**** This notification is also being made in respect of HEOS, which is an indirect holder of shares for the purpose of DTR 5.2.1 (h).  The voting rights include the following: (i) all of the voting rights of the underlying clients of HEOS for whom it provides voting services; (ii) all of the voting rights attaching to the direct shareholding of BTPS; (iii) all of the voting rights attaching to shares managed by HIML; and (iv) the voting rights attaching to the direct shareholding of BTPS that are managed by HSL. ** This notification is also being made in respect of HFAM, which is an indirect holder of shares for the purpose of DTR 5.2.1. (h) and has an individual notification obligation under DTR 5.1.5. **** HEFF has two general partners; HFAM and Hermes Focus Asset Management Group Europe Limited ("HFAME").  Under a business transfer agreement between HFAM and HFAME ("BTA", HFAME has delegated the voting obligations to HFAM. Please see Section 13 for further information.

Proxy Voting:
10. Name of the proxy holder:	See comment in Section 13.
11. Number of voting rights proxy holder will cease to hold:	See comment in Section 13.
12. Date on which proxy holder will cease to hold voting rights:	See comment in Section 13.

13. Additional information:	HEOS 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 of the shares owned directly by BTPS, all of the voting rights attaching to shares managed by HIML and the voting rights attaching to the direct shareholding of BTPS that are managed by HSL. HIML hold the voting rights under a standing proxy contained in investment management agreements with various underlying clients (which may include BTPS) for the purposes of DTR 5.2.1 (h). HFAM hold the voting rights as General Partner under a standing proxy contained in limited partnership agreements with various limited partnerships 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 as trustee of the BT Pension Scheme, which is the ultimate parent undertaking for the purposes of DTR 5.2.1(e).
14. Contact name:	Suzana Koncarevic
15. Contact telephone number:	01942 327206

 

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