Holding(s) in Company

RNS Number : 1738O

Tesco PLC

24 June 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:

Tesco 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:	Berkshire Hathaway Inc
4. Full name of shareholder(s) (if different from 3.):	The following indirect wholly-owned subsidiaries of Berkshire Hathaway Inc. hold voting rights; Government Employees Insurance Company; General Reinsurance Corporation; National Fire & Marine Insurance Company; National Indemnity Company; Kolnische Ruckversicherungs-Gessellschaft AG; General Reinsurance UK Ltd; U.S Underwriters Insurance Company; and Medical Protective Company
5. Date of the transaction and date on which the threshold is crossed or reached:	22 June 2010
6. Date on which issuer notified:	23 June 2010
7. Threshold(s) that is/are crossed or reached:	Below 3%

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	Direct	Indirect	Direct	Indirect
Ordinary  GBP 0.05	240,297,343	240,297,343	242,153,373	242,153,373	N/A	3.02	N/A
GB0008847096

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
242,153,373	3.02%

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

The following indirect wholly-owned subsidiaries of Berkshire Hathaway Inc. hold voting rights: Government Employees Insurance Company (90,000,000) General Reinsurance Corporation (72,862,000) National Fire & Marine Insurance Company (30,606,000) National Indemnity Company (22,883,000) Kolnische Ruckversicherungs-Gessellschaft AG (8,646,373) General Reinsurance UK Ltd (6,200,000) U.S Underwriters Insurance Company (5,807,000) Medical Protective Company (5,149,000)

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:
14. Contact name:	Marc D Hamburg
15. Contact telephone number:	1-402-346-1400 (United States of America)

 

END

 

 

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