Holding(s) in Company

RNS Number : 3722B

Bovis Homes Group PLC

02 April 2013

 



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				Bovis Homes Group PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
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):	Restructure of Sanderson Asset Management Ltd				X
3. Full name of person(s) subject to the notification obligation: iii		Sanderson Partners Ltd (formerly Sanderson Asset Management Ltd)
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		1 April 2013
6. Date on which issuer notified:		2 April 2013
7. Threshold(s) that is/are crossed or reached: vi, vii		Below 5%

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

GB00018959296

12,386,518

12,386,518

0

0

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

N/A

N/A

N/A

N/A

N/A

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

N/A

N/A

N/A

N/A

N/A

Nominal

Delta

N/A

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

0

0

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Not applicable.
Proxy Voting:
10. Name of the proxy holder:		Sanderson Partners Ltd (formerly Sanderson Asset Management Ltd)
11. Number of voting rights proxy holder will cease to hold:		Not applicable.
12. Date on which proxy holder will cease to hold voting rights:		Not applicable.
13. Additional information:	On 1st April 2013, Sanderson Asset Management Ltd ("SAM Ltd") transferred its regulated business to Sanderson Asset Management LLP ("SAM LLP"). On the same day, SAM Ltd changed its name to Sanderson Partners Ltd. All employees of SAM Ltd, including all portfolio managers, investment analysts and members of its administration and operations team, became partners or employees of SAM LLP. As of 1st April 2013, SAM Ltd does not exercise any control over the company's shares. This notification was therefore triggered by the change in the legal structure of the investment management firm on 1st April 2013, rather than trading activity in the underlying shares. SAM Ltd was the investment manager for its clients ("Clients"). In acting for the Clients, SAM Ltd was given full discretion over their investments and was empowered to vote on their behalf. However, SAM Ltd did not act as the Clients' custodian and therefore shares were not held in SAM Ltd's name but in the name of each Client's custodian bank.
14. Contact name:	Jalpa Dhokia
15. Contact telephone number:	0207 468 5977

Note: Annex should only be submitted to the FCA 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)	Sanderson Partners Ltd (formerly Sanderson Asset Management Ltd)
Contact address (registered office for legal entities)	Heathcoat House Savile Row, 6th Floor London W1S 3PR
Phone number & email	0207 468 5977 [e-mail]
Other useful information (at least legal representative for legal persons)	Attn: Jalpa Dhokia
B: Identity of the notifier, if applicable
Full name	Sanderson Partners Ltd (formerly Sanderson Asset Management Ltd)
Contact address	Heathcoat House Savile Row, 6th Floor London W1S 3PR
Phone number & email	0207 468 5977 [e-mail]
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)	Attn: Jalpa Dhokia
C: Additional information
For notes on how to complete form TR-1 please see the FCA website.

 

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