27th Mar 2008 14:55
Highway Insurance Holdings PLC27 March 2008 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Highway Insurance Holdings Plc 2. Reason for the notification (please state Yes/No): An acquisition or disposal of voting rights: Yes An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: No An event changing the breakdown of voting rights: No Other (please specify): No 3. Full name of person(s) subject to the notification obligation: Midas Capital plc 4. Full name of shareholder(s) (if different from 3.): See Section 9 below 5. Date of the transaction (and date on which the threshold is crossed or reached ifdifferent): 20 March 2008 6. Date on which issuer notified: 26 March 2008 7. Threshold(s) that is/are crossed or reached: 5% 8. Notified details: A: Voting rights attached to shares Class/type of Situation previous to Resulting situation after the triggering transactionshares the Triggering transaction if possible Number of Number of Number of Number of voting rights % of voting rightsusing the ISIN Shares Voting sharesCODE Rights Direct Direct Indirect Direct Indirect Ordinary 10,123,588 10,123,588 10,623,588 10,623,588 N/A 5.2% N/Ashares GB 0006561137 B: Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration date Exercise/ Conversion Number of voting rights % of votinginstrument Period/ Date that may be acquired if rights the instrument is exercised/ converted. N/A N/A N/A N/A N/A Total (A+B) Number of voting rights % of voting rights 10,623,588 5.2% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectivelyheld, if applicable: Discretionary Client 650,000 (Registered: Bank of New York Nominees A/C 156547)CF Midas Balanced Growth Fund 3,350,000(Registered: Bank of New York Nominees A/C 392512)CF Midas Balanced Income Fund 3,750,000(Registered: Bank of New York Nominees A/C 392513)Midas Income & Growth Trust 1,140,000(Registered: State Street Nominees Limited)Discretionary Client 325,000(Registered: Roy Nominees Ltd 570035)Discretionary Client 750,000(Registered Roy Nominees Ltd 570027)Hiscox International Growth 350,000(Registered: HSBC Global Custody Nominee (UK) Ltd A/C 814379)Chartwell Balanced Income 308,588(Registered: HSBC Global Custody Nominee (UK) Ltd A/C 630426 Proxy Voting: 10. Name of the proxy holder: N/A 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: iimia plc, Miton Asset Management Ltd and Midas Capital Partners Ltd are all subsidiariesof Midas Capital plc. 14. Contact name: Philip Lampshire 15. Contact telephone number: 01277 266308 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MGR.L