BLUE PLANET FINANCIALS GROWTH & INCOME INVESTMENT TRUSTS NO 1 - 10 PLC
(EACH A "G&I TRUST" AND TOGETHER "G&I")
NOTIFICATION OF MAJOR INTEREST IN SHARES
Each G&I Trust announces that on 19 March 2012, each G&I Trust was informed
that the following transactions took place, which has triggered this
notification:
On 19 March 2012, Blue Planet International Financials Investment Trust plc
("International") disposed of 708,500 ordinary shares of 1p each in the capital
of each G&I Trust (ISIN numbers for which are at the foot of this announcement)
(together "Shares"). As a result of this disposal, International no longer
holds any Shares and is not entitled to any voting rights in G&I.
On 19 March 2012, Blue Planet Worldwide Financials Investment Trust plc
("Worldwide") disposed of 346,000 Shares in each G&I Trust. As a result of this
disposal, Worldwide no longer holds any Shares and is not entitled to any
voting rights in G&I.
On 19 March 2012, Investment Company Investments LLP acquired 1,054,500 Shares
in each G&I Trust resulting in it being entitled to 1,054,500 voting rights in
each G&I Trust. Investment Company Investments LLP, therefore, holds 7.72% of
the issued share capital of each G&I Trust and is entitled to 7.72% of the
total voting rights in each G&I Trust.
The aforementioned transactions took place by International and Worldwide each
transferring their holdings in G&I to Investment Company Investments LLP by way
of a capital contribution ("Transfers"). No consideration was paid by
Investment Company Investments LLP for the Transfers. The transfers were made
in preparation for the proposed merger announced on 22nd December 2011 ("the
Merger").
Investment Company Investments LLP is a newly incorporated limited liability
partnership owned by G&I, International and Worldwide (together "the
Companies") formed for the purpose of acquiring the cross-holdings in the
Companies. The only members of Investment Company Investments LLP are the
Companies (save that a nominee is a member on behalf of the Company). The
Companies are entitled to participate in the profits and gains of Investment
Company Investments LLP in proportion to the capital contributions made by the
Companies respectively. Each of the members of Investment Company Investments
LLP is entitled to exercise one vote. Investment Company Investments LLP has
no other assets. The Companies intend to retain their interests in Investment
Company Investments LLP pending implementation of the Merger.
The folowing announcement applies equally to each of the ten G&I Trusts:
Company Name ISIN SEDOL PIC Code
Blue Planet Financials Growth & GB00B19PPL85 B19PPL8 GB BPFA LN
Income Investment Trust No.1 plc
Blue Planet Financials Growth & GB00B19PPN00 B19PPN0 GB BPFC LN
Income Investment Trust No.2 plc
Blue Planet Financials Growth & GB00B19PPP24 B19PPP2 GB BPFE LN
Income Investment Trust No.3 plc
Blue Planet Financials Growth & GB00B19PPQ31 B19PPQ3 GB BPFG LN
Income Investment Trust No.4 plc
Blue Planet Financials Growth & GB00B19PPT61 B19PPT6 GB BPFI LN
Income Investment Trust No.5 plc
Blue Planet Financials Growth & GB00B19PPV83 B19PPV8 GB BPFK LN
Income Investment Trust No.6 plc
Blue Planet Financials Growth & GB00B19PPW90 B19PPW9 GB BPFM LN
Income Investment Trust No.7 plc
Blue Planet Financials Growth & GB00B19PPX08 B19PPX0 GB BPFO LN
Income Investment Trust No.8 plc
Blue Planet Financials Growth & GB00B19PQ150 B19PQ15 GB BPFQ LN
Income Investment Trust No.9 plc
Blue Planet Financials Growth & GB00B19PQG08 B19PQG0 GB BPFS LN
Income Investment Trust No.10 plc
For more information, please contact the Company Secretary of the G&I Trusts,
Blue Planet Investment Advisers:
Telephone: +44 (0)131 466 6666
Email: info@bpia.eu
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Obtains access to the information in a personal capacity;
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Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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