16th Oct 2014 09:00
On 15 October 2014, Tesco PLC received the following notification from Berkshire Hathaway Inc. of its interests in the Company as of 13 October 2014:
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 | ||||
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 wholly owned subsidiaries of Berkshire Hathaway Inc. hold voting rights: Government Employees Insurance Company; General Reinsurance Corporation; General Reinsurance AG; U.S. Liability Insurance Company; National Fire & Marine Insurance Company and National Indemnity Company. | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 13 October 2014 | |||
6. Date on which issuer notified: | 15 October 2014 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | Less than 3% | |||
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 | 245,298,335 | 245,298,335 | Less than 3% | |||||||||||||
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
| |||||||||||
| Nominal | Delta | ||||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
Less than 3% | ||||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
The following wholly owned subsidiaries of Berkshire Hathaway Inc. own shares with voting rights Government Employees Insurance Company; General Reinsurance Corporation, General Reinsurance AG, U.S. Liability Insurance Company, National Fire & Marine Insurance Company and National Indemnity Company
| ||
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) | |
Related Shares:
Tesco