24th Nov 2010 17:54
TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
GKN plc
2. Reason for the notification: (please state Yes/No):
An acquisition or disposal of voting rights: Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: No
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: No
An event changing the breakdown of voting rights: No
Other (please specify): No
3. Full name of person(s) subject to the notification obligation:
Lloyds Banking Group plc
4. Full name of shareholder(s) (if different from 3.):
See section 9
5. Date of the transaction and date on which the threshold is crossed or reached:
23 November 2010
6. Date on which issuer notified:
24 November 2010
7. Threshold(s) that is/are crossed or reached:
Direct/indirect holdings decreased to below 6%
8. Notified details:
A: Voting rights attached to shares
Class/type Situation previous to Resulting situation after the triggering of shares the triggering t
transaction ransaction if possible using the Number of S Number of V Number of Number of voting % of voting ISIN CODE hares oting R shares rights rights ights Direct Direct Indirect Direct Indirect Ord 10p 107,369,912 107,369,912 7,847,712 7,847,712 79,331,675 0.505% 5.109% shares GB0030646508
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration date Exercise/ Number of voting % of voting financial Conversion period rights that may be rights instrument acquired if the instrument is exercised/ converted N/A
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of Exercise Expiration Exercise/ Number of voting % of voting financial price date Conversion p rights rights instrument eriod instrument refers to Nominal Delta Total (A+B+C)Number of voting % of voting rights rights 87,179,387 5.614%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
83,928,892 shares (5.405%) are under the control of Scottish Widows Investment Partnership Ltd, a wholly owned subsidiary of Scottish Widows Investment Partnership Group Ltd, a wholly owned subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc (Indirect Interests).
Proxy Voting:10. Name of the proxy holder:N/A
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A
13. Additional information:
GKN plc is disclosing this information in accordance with DTR 5.8.12. Notification using the total voting rights figure of 1,552,848,225
14. Contact name: Tanya Stote, Deputy Company Secretary
15. Contact telephone number: 01527 533295
vendorRelated Shares:
GKN PLC