Holding(s) in Company

RNS Number : 8366X

Trifast PLC

13 December 2010

 



For filings with the FSA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				Trifast Plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					X
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: iii		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.):iv		N/A
5. Date of the transaction and date on which the threshold is crossed or reached: v		9th December, 2010
6. Date on which issuer notified:		10th December, 2010
7. Threshold(s) that is/are crossed or reached: vi, vii		From 4% to 3%

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

0888392 GB0008883927

3,564,175

3,564,175

N/A

N/A

3,316,432

N/A

3.89%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

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 xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

3,316,432

3.89%

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

BT Pension Scheme Trustees Limited, as trustee of the BT Pension Scheme ("BTPS") is the parent undertaking of Britel Fund Nominees Limited and Britel Fund Trustees Limited, which is the parent undertaking of Hermes Fund Managers Limited ("HFML").  HFML is the parent undertaking of: 1.   Hermes Investment Management Limited ("HIML") (voting rights: 3.89%)** ** This notification is also being made in respect of HIML, 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. 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:	HIML hold the voting rights under a standing proxy contained in investment management agreements with various underying clients (which may include BTPS) 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:	Fowzia Hussain ([e-mail])
15. Contact telephone number:	020 7680 8017

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)	BT Pension Scheme Trustees Limited
Contact address (registered office for legal entities)	1 Portsoken Street, London E1 8HZ
Phone number & email	020 7702 0888
Other useful information (at least legal representative for legal persons)	BT Pension Scheme Trustees Limited is the parent undertaking of the group of companies subject to the notification obligation as indirect holders of voting rights for the purpose of DTR 5.2.1(h) and 5.2.1(e).
B: Identity of the notifier, if applicable
Full name	Hermes Fund Managers Limited as agent for BT Pension Scheme Trustees Limited
Contact address	1 Portsoken Street, London E1 8HZ
Phone number & email	020 7680 2177
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)	Hermes Fund Managers Limited acts as the authorised administration agent on behalf of BT Pension Scheme Trustees Limited
C: Additional information
Please contact Fowzia Hussain on the above number for further information.
For notes on how to complete form TR-1 please see the FSA website.

 

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