Holding(s) in Company

RNS Number : 1741A

Utilico Investments Limited

27 January 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: ii				Utilico Investments Limited
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: iii		General Provincial Life and Pensions (L) Limited
4. Full name of shareholder(s)  (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		18 January 2011 25 January 2011 26 January 2011
6. Date on which issuer notified:		26 January 2011
7. Threshold(s) that is/are crossed or reached: vi, vii		52% to 58%

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

BMG9314Y1003

45,436,884

45,436,884

58,767,393

58,767,393

58.81%

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

Warrant

288.75p

30/04/2012

Yearly during October and April until April 2012

2,026,721

Nominal

Delta

2.02%

0.12%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

58,888,996

58.93%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Included in the total holdings are the following recent transactions: 1)   25/01/2011 - Off-market purchase of 620,855 shares from Ingot Capital Management at 171 pence 2)   25/01/2011 - Off-market purchase of 660,268 shares at 171 pence 3)   25/01/2011 - On-market purchase of 200,000 shares at 171 pence 4)   26/01/2011 - Off-market purchase from National Life and Pensions Limited who acquired 4,418,743 shares from the offer for Eclectic on 18/1/2011. These where then sold to General Provincial Life and Pensions Limited on 26/1/2011 at 171 - no change in ultimate beneficial owner as part of the same group. 5)   18/01/2011 Off-market purchase from Utilico of 7,430,643 shares arising from the sale of 19.9m Resolute Mining shares from GPLPF to Utilico
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:	Based on Total Voting Rights of 99,925,394
14. Contact name:	Steven Ross
15. Contact telephone number:	020 7628 8000

 

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