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: |
Provident Financial plc |
2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
X |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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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 the notification obligation:
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Schroders plc |
4. Full name of shareholder(s) (if different from 3.):
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5. Date of the transaction and date on which the threshold is crossed or reached:
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22 September 2010 |
6. Date on which issuer notified:
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23 September 2010 |
7. Threshold(s) that is/are crossed or reached:
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Below 10% |
8. Notified details: |
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A: Voting rights attached to shares
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Class/type of
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights |
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Direct |
Direct |
Indirect |
Direct |
Indirect |
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Ordinary shares of 20 8/11p ISIN: GB00B1Z4ST84 |
13,764,492 |
13,664,492 |
13,332,611 |
n/a |
13,232,611 |
n/a |
9.780% |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction
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Type of financial |
Expiration |
Exercise/ |
Number of voting
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% of voting |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments |
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Resulting situation after the triggering transaction
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Type of financial |
Exercise |
Expiration |
Exercise/ |
Number of voting |
% of voting rights
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Nominal |
Delta
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Total (A+B+C)
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Number of voting rights |
Percentage of voting rights |
13,232,611 |
9.780% |
9. Chain of controlled undertakings through which the voting rights and/or the |
Schroder Investment Management Limited 12,996,493 9.606% Schroder Investment Management North America Ltd 73,000 0.054% Schroder & Co. Limited 161,618 0.119% Schroders (CI) Limited 1,500 0.01%
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Proxy Voting:
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10. Name of the 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:
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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:
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Emma G Versluys Deputy Company Secretary |
15. Contact telephone number:
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01274 731111 ext 2569 |