3rd Nov 2010 14:16
TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Davis Service Group plc……………..
2. Reason for the notification (please place an X inside the appropriate bracket/s):
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: ( )
Other (please specify) : ( X ) Please refer to question 13.
……………..
3. Full name of person(s) subject to the notification obligation:
Silchester International Investors LLP
4. Full name of shareholder(s) (if different from 3.):
Silchester International Investors International Value Equity Trust
Silchester International Investors International Value Equity Taxable Trust
Silchester International Investors International Value Equity Group Trust
Silchester International Investors Tobacco Free International Value Equity Trust
The Calleva Trust
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
1st November 2010
6. Date on which issuer notified:
2nd November 2010
7. Threshold(s) that is/are crossed or reached:
19%
8. Notified details:
N/A
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction | |
GB00B0F99717 | Number of shares0 | Number of voting Rights0 |
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Resulting situation after the triggering transaction (vii)
Class/type of shares if possible using the ISIN CODE | Number of shares | Number of voting rights | % of voting rights | ||
GB00B0F99717 | Direct33,960,391 | Direct33,960,391 | Indirect | Direct19.89% | Indirect |
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B: Financial Instruments
Resulting situation after the triggering transaction (xii)
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 |
N/A | N/A | N/A | N/A | N/A |
Total (A+B)
Number of voting rights | % of voting rights |
33,960,391 | 19.89% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable
N/A
Proxy Voting:
10. Name of the proxy holder:
Silchester International Investors LLP
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:
On 1st November 2010, Silchester International Investors Limited ("Silchester Limited") transferred its regulated business to Silchester International Investors LLP ("Silchester LLP"). On the same day, Silchester Limited changed its name to Silchester Partners Limited. All employees of Silchester Limited, including all portfolio managers, investment analysts and members of its administration and operations teams, became partners or employees of Silchester LLP. Silchester LLP acts as investment manager for the clients detailed in Question 4 above (the "Clients"). In acting for the Clients, Silchester LLP is given full discretion over their investments and are empowered to vote on their behalf. However, Silchester LLP does not act as the Clients' custodian and therefore shares are not held in Silchester LLP's name but in the name of each Client's custodian bank. This notification was therefore triggered by the change in the legal structure of the investment management firm on 1st November 2010 rather than trading activity in the underlying shares.
14. Contact name:
Timothy J. Linehan, Head of Operations
15. Contact telephone number:
0207 5187125
Annex to Notification Of Major Interests In Shares
A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities):
Silchester International Investors LLP
Contact address (registered office for legal entities):
Time & Life Building
1 Bruton Street, 5th Floor
London W1J 6TL
Phone number:
020 7518 7125
Other useful information (at least legal representative for legal persons):
Attn: Timothy J. Linehan, Head of Operations
Related Shares:
Berendsen