Notification of Major Interest in Shares

RNS Number : 4931G

Randall & Quilter Inv Hldgs PLC

12 May 2011

 



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			Randall & Quilter Investment Holdings 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 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):
3. Full name of person(s) subject to the notification obligation: iii		Lehman Brothers International (Europe) (in administration)
4. Full name of shareholder(s)  (if different from 3.):iv		N/A
5. Date of the transaction and date on which the threshold is crossed or reached: v		10/05/2011 (i)
6. Date on which issuer notified:		11/05/2011

(i) Given the status of Lehman Brothers International (Europe) (in administration) ("LBIE"), information relating to the positions held by LBIE has been difficult to ascertain, which has resulted in the delay in being able to make the required notification. Furthermore, in this case, it has not been possible to determine the precise circumstances in which the threshold was crossed and the timing of crossing such threshold. In preparing this notification, LBIE has reviewed such information as is readily available to it from a range of records and the information provided herein is provided on the basis of the information in those records.

7. Threshold(s) that is/are crossed or reached: vi, vii

2% Threshold (ii)

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
	1657708		1657708		1632708	1632708		N/A	2.96%
GB00B53F9329
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

(ii) As you may be aware, on 15 September 2008 AV Lomas, SA Pearson, MJA Jervis and DY Schwarzmann, and on 30 November 2009 DA Howell, each a partner of PricewaterhouseCoopers LLP, ("Administrators") were appointed joint administrators of Lehman Brothers International (Europe) (in administration) ("LBIE"). As a result of the circumstances of LBIE's administration, LBIE's records may not reflect an accurate statement of its holding in shares of the Company. Discrepancies may arise, for example, as a result of trades which were executed prior to the administration of LBIE not being settled as between the parties post-administration, and as a result of the termination of contracts between LBIE and its counterparties (e.g. derivatives transactions under master agreements, and the liquidation of positions by third parties). In addition, LBIE employees with knowledge relevant to the holding may no longer work in LBIE's business. In preparing this Form, LBIE has reviewed such information as is readily available to it from a range of LBIE records ("Records") and the information provided herein is provided on the basis of the information in those Records.

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					Nominal	Delta
Total (A+B+C)
Number of voting rights				Percentage of voting rights
1632708				2.96%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
N/A
Proxy Voting:
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:	N/A
14. Contact name:	Latifa Debarrh/ Adebola Adeniyi
15. Contact telephone number:	02030362516/ 02030362981

 

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