Severfield PLC Holding(s) in Company (0480Q)

TIDMSFR

RNS Number : 0480Q

Severfield PLC

24 November 2016

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                     SEVERFIELD PLC 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-----------------------------------------------------------  ------------------------ 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                             X 
------------------------------------------------------------  ----------------------- 
 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)                                    HARGREAVE HALE LIMITED 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------ 
 4. Full name of shareholder(s)                                DISCRETIONARY CLIENTS 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ------------------------ 
 5. Date of the transaction                                      22 NOVEMBER 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------ 
 6. Date on which issuer                                         23 NOVEMBER 2016 
  notified: 
-----------------------------------------------------------  ------------------------ 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                    5% 
-----------------------------------------------------------  ------------------------ 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------------ 
 Class/type      Situation previous                Resulting situation after the 
  of              to the triggering                 triggering transaction 
  shares          transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
--------------  --------------------------------  ---------------------------------------------------------------------------- 
                 Number           Number           Number                        Number of                  % of voting 
                  of               of               of shares                     voting                     rights (x) 
                  Shares           Voting                                         rights 
                                   Rights 
--------------  ---------------  ---------------  ----------------------------  -------------------------  ------------------- 
                                                   Direct       Indirect         Direct      Indirect       Direct   Indirect 
                                                                                  (xi)        (xii) 
--------------      -----------      -----------  -----------  ---------------  ----------  -------------  -------  ---------- 
 
 
  GB00B27YGJ97   14,805,802       14,805,802                    15,159,302                   15,159,302              5.0724% 
                ---------------  ---------------  -----------  ---------------  ----------  -------------  -------  ---------- 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------ 
 Type of financial   Expiration       Exercise/                     Number of voting                        % of voting 
  instrument          date             Conversion                    rights that                             rights 
                      (xiii)           Period (xiv)                  may be 
                                                                     acquired if 
                                                                     the 
                                                                     instrument 
                                                                     is 
                                                                     exercised/ 
                                                                     converted. 
------------------  ---------------  ----------------------------  --------------------------------------  ------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------ 
 Type of           Exercise         Expiration     Exercise/      Number of voting             % of voting 
 financial          price            date           Conversion     rights instrument            rights (xix, 
 instrument                          (xvii)         period         refers to                    xx) 
                                                    (xviii) 
----------------  ---------------  -------------  -------------  ---------------------------  -------------------------------- 
                                                                                               Nominal               Delta 
----------------  ---------------  -------------  -------------  ---------------------------  --------------------  ---------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                          Percentage of voting rights 
---------------------------------------------------------------  ------------------------------------------------------------- 
 15,159,302                                                       5.0724% 
---------------------------------------------------------------  ------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------------------------- 
 12,600,000 of these shares are held for unit trusts 
  operated by Marlborough Fund Managers Ltd, for whom 
  Hargreave Hale Ltd manages the investments on a discretionary 
  basis. The remaining balance is held on behalf of other 
  discretionary clients. 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
----------------------------------------------------------------  -------------------- 
 11. Number of voting rights proxy 
  holder will cease to hold: 
----------------------------------------------------------------  -------------------- 
 12. Date on which proxy holder will 
  cease to hold 
  voting rights: 
----------------------------------------------------------------  -------------------- 
 
 
  13. Additional information: 
----------------------------------------------------------------  -------------------- 
 14. Contact name:                                                 David Clueit 
                                                                   Hargreave Hale Ltd 
----------------------------------------------------------------  -------------------- 
 15. Contact telephone number:                                     01253 754739 
----------------------------------------------------------------  -------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLVZLBLQFFZFBK

(END) Dow Jones Newswires

November 24, 2016 03:52 ET (08:52 GMT)