16th Jun 2009 07:01
News Release
Hirco PLC
("Hirco" or the "Company")
Hirco plc - Rule 17 Disclosure - HSBC Holdings plc
Holding in a Company
June 16, 2009 - LONDON - Hirco PLC (AIM: HRCO), an investment vehicle for Hiranandani, India's largest developer of prestigious mixed-use townships, today announced that in accordance with rule 17 of the AIM Rules, the Company has been notified of the following notice of decrease in a notifiable interest in the Company's ordinary shares of 1p each ("Shares").
Schedule Five
(a) the identity of the significant shareholder concerned; HSBC Holdings plc through its subsidiaries, Halbis Capital Management Hong Kong Limited, HSBC Bank plc, HSBC Global Asset Management Singapore Limited, HSBC Private Bank (Suisse) SA and HSBC Investment Management.
(b) the date on which the disclosure was made to it;
11 June 2009
(c) the date on which the deal or the relevant change to the holding was effected;
Not known
(d) the price, amount and class of the AIM securities concerned; Not known
(e) the nature of the transaction;
Not known
(f) the nature and extent of the significant shareholder's interest in the transaction; The significant shareholder now holds 7,576,800 Shares which represents approximately 9.90% of the Company's issued share capital. The significant shareholder holds its interest in the Company through its subsidiaries in the following proportions:
Halbis Capital Management Hong Kong Limited - 1,648,000 shares - 2.15% HSBC Bank plc - 1,789,691 - 2.34% HSBC Global Asset Management Singapore Limited - 4,100,000 - 5.36%
HSBC Private Bank (Suisse) SA - 30,609 shares - 0.04% HSBC Investment Management - 8,500 - 0.01%
(g) where a deal takes place when it is in any close period under rule 21, the date upon which any previous binding commitment was notified or the date upon which the Exchange granted permission to deal in order to mitigate severe personal hardship; and N/A
(h) where the notification concerns a related financial product, the detailed nature of the exposure; N/A
ENDS
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Hirco Jasper Reiser +91 22 2571 9013 |
Financial Dynamics Stephanie Highett Richard Sunderland Jamie Robertson +44 (0) 20 7831 3113 |
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Gutenberg Communications US - Hugh Burnham +1 212 239 8595 Michael Gallo +1 212 239 8594
India - Pranav Kumar +91 98 1007 7898 |
Related Shares:
HSBC Holdings