13th Feb 2009 16:55
TR-1: Notifications of Major Interests in Shares
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
SVG Capital Plc
2. Reason for the notification
(please place an X inside the appropriate bracket/s):
An acquisition or disposal of voting rights: ( X )
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: ( )
Other (please specify) ( )
3. Full name of person(s) subject to notification obligation:
Schroders plc
4. Full name of shareholder(s) (if different from 3) :
5. Date of transaction (and date on which the threshold is crossed or reached if different):
11 February 2009
6. Date on which issuer notified:
12 February 2009
7. Threshold(s) that is/are crossed or reached:
From 14% to 16%
(Note: the holding represents 10.72% of voting rights based on the actual issued share capital, post-placing, of GBP 209,069,901 - see additional information below)
8. Notified Details:
A: Voting rights attached to shares
|
Class/type of shares if possible use ISIN CODE |
Situation previous to the triggering transaction |
|
|
|
Number of shares |
Number of voting rights |
|
Ordinary Shares GB0007892358 |
21,397,984 |
19,678,722 |
Resulting situation after the triggering transaction
|
Class/type of shares if possible use ISIN CODE |
Number of shares |
Number of voting rights |
% of voting rights |
||
|
|
|
Direct |
Indirect |
Direct |
Indirect |
|
Ordinary Shares |
23,830,975 |
7,113,449 |
15,298,668 |
5.12 (3.40% of voting rights based on actual issued share capital post-placing - see additional information below) |
11.00 (7.32% of voting rights based on actual issued share capital post-placing - see additional information below) |
B: Financial Instruments
Resulting situation after the triggering transaction
|
Type of financial instrument |
Expiration date |
Exercise/conversion period/date |
No. of voting rights that may be acquired (if the instrument exercised/ converted) |
% of voting rights |
|
N/A |
Total (A+B)
|
Number of voting rights |
% of voting rights |
|
22,412,117 |
16.12 (Note: the holding represents 10.72% of voting rights based on the actual issued share capital, post-placing, of GBP 209,069,901 - see additional information below) |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable :
The voting rights are managed and controlled by Schroders plc, with the following chain of controlled undertakings:-
|
Schroder Investment Management Limited 11,687,139 8.40% (5.59% of voting rights based on actual issued share capital post-placing - see additional information below) |
|
Schroder & Co Limited 3,222,083 2.32% (1.54% of voting rights based on actual issued share capital post-placing - see additional information below) |
|
Schroders (CI) Limited 389,446 0.28% (0.19% of voting rights based on actual issued share capital post-placing - see additional information below) |
10. Contact name:
John Spedding
11. Contact telephone number:
0207 658 3206
12. Additional Information:
The shares referred to in section 9 are held in portfolios managed by those firms on a discretionary basis for clients under investment management agreements.
As required by DTR 5.8.8, the percentage voting rights figure of 16.12% used in this announcement was calculated using the number of voting rights in existence at 30 June 2008, being the date of SVG Capital plc's most recent disclosure made in accordance with DTR 5.6.1 (139,069,901 ordinary shares). As a result of SVG Capital plc's placing, which was first announced on 18 December 2008 and completed on 10 February 2009, the actual number of issued voting ordinary shares in the capital of SVG Capital plc as at the date of this announcement is 209,069,901, in relation to which Schroders plc holds 10.72% of the voting rights.
13 February 2009
Related Shares:
Schroders