5th Nov 2009 07:00
The Evolution Group Plc
TR-1: Notification of Major Interests in Shares
5 November 2009
Banco Espirito Santo de Investimento, S.A. (BESI) and Evolution Group PLC (Evolution) announce that BESI has made a decision to divest its 10% shareholding in Evolution, which was placed in the market yesterday. During the 20 months that BESI maintained a shareholding in Evolution, it has enjoyed a significant increase in the value of its investment. Evolution and BESI will continue to look at business opportunities together as they arise and maintain a close relationship.
Evolution further announces that it received notification following close of business on 4 November 2009 from Banco Espirito Santo de Investimento, SA ("BESI") under the Disclosure and Transparency Rules ("DTR") of a disposal of voting rights on 4 November 2009 such that ESSI Sociedade Gestora de Participacoes Sociais, S.A.. (ESSI) at 4 November 2009 no longer had a notifiable interest in the ordinary shares of 1p each in Evolution ("Shares"). This follows the previous announcement on 27 January 2009 of a total indirect interest by BESI of 22,459,079 Shares (then 10.01%).
Legal entity subject to Notification Obligation: ESSI; Tel +351 21 319 69 00 [email protected]: Address: Rua Alexandre Herculano, 38, Lisbon, Portugal, 1269-161
Notifier: Tim Dawson, Freshfields Bruckhaus Deringer LLP, 65 Fleet Street, London EC4Y 1HS: Tel +44 207 936 4000 [email protected]
For more information please contact:
The Evolution Group Plc
Alex Snow, Chief Executive
Tony Lee, Company Secretary Tel: 020 7071 4300
Bell Pottinger Corporate & Financial
Charles Cook
Victoria Geoghegan Tel: 020 7861 3232
Related Shares:
EVG.L