Vislink PLC
11 February 2008
Vislink plc
Holdings in Company
11 February 2008
In conformity with the Transparency Directive Vislink plc ('Vislink') is
required to announce to the market the receipt of notifications of major
interests in shares.
Vislink received notice on 6 February 2008 in accordance with the Disclosure and
Transparency Rules that BT Pension Scheme Trustees Limited as Trustee of the BT
Pension Scheme has a notifiable interest in 10,992,536 ordinary shares of
2.5pence each in Vislink plc, being 7.94% of the issued ordinary share capital
of Vislink. Details of the notification are given below.
James Trumper - Company Secretary
Telephone: 01488 685500
FINANCIAL SERVICES AUTHORITY
TR-1 : NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to
which voting rights are attached :
Vislink plc
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
Other (please specify): Transferred to External Fund Manager
3. Full name of person(s) subject to the notification obligation :
BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme. (see
Section 9 for further information).
4. Full name of shareholder(s) (if different from 3.) :
N/A.
5. Date of the transaction (and date on which the threshold is crossed or
reached if different) : 5 February 2008.
6. Date on which issuer notified: 6 February 2008.
7. Threshold(s) that is/are crossed or reached: 7%.
8. Notified details:
A: Voting rights attached to shares
Class/type Situation previous to the Resulting situation after the triggering transaction
of shares triggering transaction
( if
possible Number of Number of Number of Number of Voting Rights % of voting
using the Shares Voting Rights shares rights
ISIN CODE) Direct
Direct Indirect Direct Indirect
0148289 11,190,998 11,190,998 10,469,429 10,469,429 523,107 7.557% 0.378%
ORD GBP0.025
GB0001482891
B: Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Exercise/ Number of voting rights that may % of
financial date Conversion be acquired if the instrument is voting
instrument Period/ Date exercised/ converted rights
n/a n/a n/a n/a n/a
Total (A+B)
Number of voting rights % of voting rights
10,992,536 7.935%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):
BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund
Trustees Limited, which is the parent undertaking of Hermes Pensions Management
Limited. Hermes Pensions Management Limited is the parent undertaking of:
1. Hermes Equity Ownership Services Limited (voting rights held
in this issuer: 0.378%
2. Hermes Investment Management Limited (voting rights held in
this issuer: 7.557%
Proxy Voting:
10. Name of the proxy holder: See Comment in Section. 13.
11. Number of voting rights proxy holder will cease to hold: See Comment in
Section. 13.
12. Date on which proxy holder will cease to hold voting rights: See Comment in
Section. 13.
13. Additional information:
Hermes Equity Ownership Services Limited hold the voting rights under a standing
proxy contained in services agreements for the provision of corporate governance
services to various underlying clients.
Hermes Investment Management Limited hold the voting rights under a standing
proxy contained in investment management agreements with various underlying
clients, which includes all the shares owned directly by BT Pension Scheme.
All voting rights held on behalf of the above entities are aggregated for the
purposes of DTR 5.2.1(a). The aggregation is made at the lower threshold of 3%
and above because Hermes Equity Ownership Services Limited does not manage
investments for the purposes of the investment manager exemption contained in
DTR 5.1.5.
This disclosure is made by BT Pension Scheme Trustees Limited, which is the
ultimate parent undertaking for the purposes of DTR 5.2.1(e).
14. Contact name: n/a
15. Contact telephone number: n/a
This information is provided by RNS
The company news service from the London Stock Exchange
PBKDFBD
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