TR-1: Notifications of Major Interests in Shares |
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
Provident Financial plc |
2. Reason for notification (yes/no) |
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An acquisition or disposal of voting rights |
Yes |
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An event changing the breakdown of voting rights |
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Other (please specify):______________ |
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3. Full name of person(s) subject to notification obligation: |
Schroders plc |
4. Full name of shareholder(s) (if different from 3): |
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5. Date of transaction (and date on which the threshold is crossed or reached if different): |
3 June 2008 |
6. Date on which issuer notified: |
4 June 2008 |
7. Threshold(s) that is/are crossed or reached: |
11% to 12% |
8: Notified Details |
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A: Voting rights attached to shares |
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Class/type of shares If possible use ISIN code |
Situation previous to the triggering transaction |
Resulting situation after the triggering transaction |
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Number of shares |
Number of voting rights |
Number of shares |
Number of voting rights |
Percentage of voting rights |
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Direct |
Indirect |
Direct |
Indirect |
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Ordinary shares of 20 8/11p ISIN: GB00B1Z4ST84 |
15,893,452 |
14,598,119 |
18,096,675 |
n/a |
16,569,743 |
n/a |
12.62% |
B: Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial instrument |
Expiration date |
Exercise/ conversion period/date |
No. of voting rights that may be acquired (if the instrument exercised/converted) |
Percentage of voting rights |
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|
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Total (A+B) |
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Number of voting rights |
Percentage of voting rights |
16,569,743 |
12.62% |
9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable: |
Schroder Investment Management Limited 16,469,869 12.55% |
Schroder & Co. Limited 99,874 0.07% |
Proxy Voting: |
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10. Name of proxy holder: |
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11. Number of voting rights proxy holder will cease to hold: |
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12. Date on which proxy holder will cease to hold voting rights: |
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13. Additional information: |
The shares referred to in section 9 are held in portfolios managed by those firms on a discretionary basis for clients under investment management agreements. |
14 Contact name: |
Ken Mullen Company Secretary and General Counsel |
15. Contact telephone name: |
Ken Mullen Tel: 01274 731111 ext 2313 |