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Holding(s) in Company

21st Oct 2013 10:16

RNS Number : 9627Q
Tesco PLC
21 October 2013
 



On 18 October 2013 Tesco PLC received the following notification from Berkshire Hathaway Inc. of its interests in the Company as of 16 October 2013.

 

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
 

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Tesco Plc

 

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

X

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Berkshire Hathaway Inc.

4. Full name of shareholder(s)  (if different from 3.):iv

The following indirect wholly-owned subsidiaries of Berkshire Hathaway Inc. hold voting rights: Government Employees Insurance Company; General Reinsurance Corporation; General Reinsurance AG; National Fire & Marine Insurance Company; National Indemnity Insurance Company; U.S. Underwriters Insurance Company; and Medical Protective Company.

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

16 October 2013

6. Date on which issuer notified:

18 October 2013

7. Threshold(s) that is/are crossed orreached: vi, vii

4%

 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

 

 

GB0008847096

257,443,328

257,443,328

257,443,328

257,443,328

0

3.18

0

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 

 

Cash Settled Equity Swap

$4.5732 (US Dollars) per share

16 January 2015

N/A

64,034,283

Nominal

Delta

0.80

0.80

Total (A+B+C)

Number of voting rights

Percentage of voting rights

321,477,611

3.98

 

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

The following indirect wholly-owned subsidiaries own shares with voting rights:

Government Employees Insurance Company (90,000,000)

General Reinsurance Corporation (72,862,000)

General Reinsurance AG (30,136,328)

National Fire & Marine Insurance Company (30,606,000)

National Indemnity Company (22,883,000)

U.S. Underwriters Insurance Company (5,807,000)

Medical Protective Company (5,149,000)

 

In addition National Indemnity Company holds financial instruments with similar economic effect to qualifying financial instruments related to 64,034,283 voting rights

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

14. Contact name:

 Marc D. Hamburg

15. Contact telephone number:

1-402-346-1400 (United States of America)

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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