Holding(s) in Company

RNS Number : 9931B

Evolution Group PLC

05 November 2009

 



The Evolution Group Plc

TR-1: Notification of Major Interests in Shares

5 November 2009

Banco Espirito Santo de Investimento, S.A. (BESI) and Evolution Group PLC (Evolution) announce that BESI has made a decision to divest its 10% shareholding in Evolution, which was placed in the market yesterday. During the 20 months that BESI maintained a shareholding in Evolution, it has enjoyed a significant increase in the value of its investment.  Evolution and BESI will continue to look at business opportunities together as they arise and maintain a close relationship.

Evolution further announces that it received notification following close of business on 4 November 2009 from Banco Espirito Santo de Investimento, SA ("BESI") under the Disclosure and Transparency Rules ("DTR") of a disposal of voting rights on 4 November 2009 such that ESSI Sociedade Gestora de Participacoes Sociais, S.A.. (ESSI) at 4 November 2009 no longer had a notifiable interest in the ordinary shares of 1p each in Evolution ("Shares"). This follows the previous announcement on 27 January 2009 of a total indirect interest by BESI of 22,459,079 Shares (then 10.01%).

Legal entity subject to Notification Obligation: ESSI; Tel [phone] [e-mail]: Address: Rua Alexandre Herculano, 38, Lisbon, Portugal, 1269-161

Notifier: Tim Dawson, Freshfields Bruckhaus Deringer LLP, 65 Fleet Street, London EC4Y 1HS: Tel [phone] [e-mail] 

For more information please contact:

The Evolution Group Plc

Alex Snow, Chief Executive

Tony Lee, Company Secretary                    Tel: [phone]      

Bell Pottinger Corporate & Financial

Charles Cook

Victoria Geoghegan                                     Tel: [phone]

 

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