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Investor room: Substantial shareholdings
The Company has been notified under the Disclosure and Transparency Rules of the following substantial interests (representing 3% or more) in the Ordinary shares of the Company:
|
% Holding |
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| David Einhorn |
9.73% |
| QVT Financial LP |
7.96% |
| RBS |
5.67% |
| M&G Investments |
5.53% |
| Glenhill Capital Management |
5.42% |
| Stichting Pensioenfonds ABP |
5.25% |
| AXA SA |
4.98% |
| Lansdowne Partners Limited Partnership |
4.93% |
| Barclays |
4.35% |
| Legal & General Investment Management Ltd |
4.13% |
| ABN AMRO Bank N.V. |
3.60% |
| Credit Suisse Securities (Europe) Ltd |
3.11% |
| Rabobank |
3.06% |
The above summary is a reflection of the information supplied to the Company under the Disclosure and Transparency Rules ("DTR"). These rules dictate that where a shareholder holds 3% or more of the issued share capital of the Company, through a direct or indirect holding, they must notify the Company when the number of shares held reaches, exceeds, or falls below this threshold. They must also notify the Company where the acquisition or disposal of shares causes them to pass through any subsequent percentage point. The mechanism for such notifications is a standard disclosure form known as a TR-1.
Once informed by a shareholder of a change in their holding, the Company is obliged to release the information in its entirety to the London Stock Exchange ("LSE"). All TR-1 announcements are available (in the same format as that released to the LSE) on the Regulatory News page of the Company website. It should be noted however, that the accuracy of any such information, and the summary above, depends on the holder having notified the Company of any changes to their holding in accordance with the terms of the DTR.
The information contained in the announcements made to the LSE precisely reflects that disclosed by the shareholder to the Company, and provides details (where disclosed by the shareholder) on the chain of controlled undertakings via which the holder owns shares or exercises voting rights. Under such notifications, the shareholder is not obliged to give details of shares held where they act as custodian for a third party. There are other exemptions from disclosure, including where a holder acts as a Market Maker (provided they hold less than 10%), where holders acquire shares under stock lending transactions and where shares are held as part of a collateral transaction. Therefore the use of any such information should be taken in the context of the limited disclosure obligations placed on shareholders by the DTR.
The beneficial interests of Directors are shown below:
|
No. of Ordinary Shares |
| Giles Thorley |
293,146 |
| Deborah Kemp |
98,920 |
| Ian Wilson |
35,500 |
| Phil Dutton |
30,000 |
| Jonathan Paveley |
25,245 |
| Tony Rice |
16,364 |
| Friedrich Ternofsky |
6,337 |
| Peter Cawdron |
4,850 |
| Michael Foster |
4,275 |
The above information is accurate as at July 2008. |
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