12th May 2008 11:42
Standard Form TR-1Voting rights attached to shares- Article 12(1) of directive 2004/109/EC Financial instruments - Article 11(3) of the Commission Directive 2007/14/EC
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Independent News and Media plc
2. Reason for the notification (please tick the appropriate box or boxes):
[x ] an acquisition or disposal of voting rights
[ ] 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
3. Full name of person(s) subject to the notification obligation:
Tweedy, Browne Company LLC
4. Full name of shareholder(s) (if different from 3.): n/a
5. Date of the transaction and date on which the threshold is crossed or reached:
4 December 2007
6. Date on which issuer notified;
No formal notification has been made previously. The issuer was notified informally in mid-April 2008.
7. Threshold(s) that is/are crossed or reached: 3%
8. Notified details:
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A) Voting rights attached to shares |
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Class/type of shares (if possible using the ISIN CODE) |
Situation previous to the Triggering transaction |
Resulting situation after the triggering transaction |
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Number of Shares |
Number of Voting rights |
Number of shares |
Number of voting rights
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% of voting rights |
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Direct |
Direct |
Indirect |
Direct |
Indirect
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Ordinary Shares ISIN Code: IE0004614818 |
24,396,964 |
24,396,964 |
25,491,964 |
3.07% |
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SUBTOTAL A (based on aggregate voting rights) |
24,396,964 |
24,396,964 |
25,491,964 |
3.07% |
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B) Financial Instruments
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Resulting situation after the triggering transaction |
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Type of financial instrument |
Expiration Date |
Exercise/Conversion Period/ Date |
Number of voting rights that may be acquired if the instrument is exercised/converted |
% of voting rights |
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SUBTOTAL B (in relation to all expiration dates) |
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Total (A+B) |
number of voting rights |
% of voting rights |
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25,491,964 |
3.07% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: N/A (please refer to attached appendix for an explanation of relationship between Tweedy, Browne Company LLC and the shareholders).
10. In case of proxy voting: Tweedy, Browne Company LLC holds voting rights in respect of all of the ordinary shares mentioned in section 8 as a proxy holder. There is no set date upon which this will cease as this is dependent on the instructions of the client (please refer to attached appendix for an explanation of the relationship between Tweedy, Browne Company LLC and its clients).
11. Additional information:
Tweedy, Browne Company LLC acted in good faith in the acquisition of the additional voting rights the subject of this filing. Tweedy, Browne Company LLC is late in the filing of this notification due to the fact that it was unaware that threshold for reporting holding of voting rights had been reduced from the previous threshold of 5% (under which Tweedy, Browne had previously made notifications) to 3%. Tweedy Browne takes its shareholding disclosure obligations very seriously. It has a rigorous procedure for monitoring these positions and has retained counsel in the over 20 jurisdictions in which it invests in order to advise on the various thresholds involved. Unfortunately, in this instance, the advice it had received became dated. On becoming aware of the new threshold Tweedy, Browne Company LLC acted immediately to rectify this oversight.
Done at New York, NY on 8th May 2008.
William H Browne, Managing Director
This announcement has been issued through the Companies Announcement Service of
The Irish Stock Exchange.
Related Shares:
Independent News & Media