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: |
Herald Investment Trust Plc |
2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
Yes |
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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: |
Lloyds Banking Group plc |
4. Full name of shareholder(s) (if different from 3.): |
See Section 9 |
5. Date of the transaction and date on which the threshold is crossed or reached: |
8 December 2009 |
6. Date on which issuer notified: |
9 December 2009 |
7. Threshold(s) that is/are crossed or reached: |
Direct / Indirect holdings remain above 8% (Direct holdings decreased to below 4%) |
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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GB0004228648 |
6,702,907 |
6,702,907 |
3,278,749 |
3,278,749 |
3,309,859 |
3.993% |
4.031% |
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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 |
% of voting |
n/a |
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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 |
6,588,608 |
8.025% |
9. Chain of controlled undertakings through which the voting rights and/or the |
6,344,475 shares (7.727%) are under the control of Scottish Widows Investment Partnership Ltd, a wholly owned subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc (Direct / Indirect Interests). |
Proxy Voting: |
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10. Name of the proxy holder: |
N/A |
11. Number of voting rights proxy holder will cease to hold: |
N/A |
12. Date on which proxy holder will cease to hold voting rights: |
N/A |
13. Additional information: |
Notification using the total voting rights figure of 82,103,283 |
14. Contact name: |
Craig Mclean |
15. Contact telephone number: |
0131 275 3192 |