Holding(s) in Company

RNS Number : 1748D

Speedy Hire PLC

26 November 2009

 



TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:		Speedy Hire
2. Reason for notification (yes/no)
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):______________
3. Full name of person(s) subject to 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 transaction (and date on which the threshold is crossed or reached if different):	24 November 2009
6. Date on which issuer notified:	25 November 2009
7. Threshold(s) that is/are crossed or reached:	5%

8: Notified Details
A: Voting rights attached to shares
Class/type of shares If possible use 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		Percentage of voting rights
				Direct	Indirect	Direct	Indirect
0016308 GB0000163088 ORD5P	24,249,550	24,249,550	0	0	27,194,550	0.00%	5.258%

B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ conversion period/date	No. of voting rights that may be acquired (if the instrument exercised/converted)	Percentage of voting rights

Total (A+B)
Number of voting rights	Percentage of voting rights
27,194,550	5.258%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund Trustees Limited, which is the parent undertaking of Hermes Fund Managers Limited. Hermes Fund Managers Limited is the parent undertaking of: Hermes Equity Ownership Services Limited (voting rights held in this issuer: 0.027%) Hermes Investment Management Limited (voting rights held in this issuer: 0.551%) Hermes Focus Asset Management Limited (voting rights held in this issuer: 4.680%) Please see Section 13 for further information.

Proxy Voting:
10. Name of 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 agreement 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 purpose 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 purpose of the investment manager exemption contained in DTR 5.1.5. Hermes Focus Asset Management Limited hold the voting rights as General Partner under a standing proxy contained in limited partnership agreements with various limited partnerships for the purpose of DTR 5.2.1(h) All voting rights held on behalf of the above entities are aggregated for the purpose of DTR 5.2.1(e) This disclosure is made by BT Pension Scheme Trustees Limited, which is the ultimate parent undertaking for the purpose of DTR 5.2.1(e)
14 Contact name:	Valerie Davidson / Margaret Moss
15. Contact telephone name:	020 7680 2177 / 020 7680 2125

 

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