Balfour Beatty PLC Holding(s) in Company (2973I)

TIDMBBY TIDMSDR

RNS Number : 2973I

Balfour Beatty PLC

26 August 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
  (i) 
 
 
 
 1. Identity of the issuer or the underlying                 Balfour Beatty plc 
  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       Type 1 disclosure as per the Transparency Directive            x 
  specify):           II Regulation 
------------------  -----------------------------------------------------------  ------- 
 3. Full name of person(s) subject                          Schroders plc 
  to the 
  notification obligation: (iii) 
-------------------------------------------  ------------------------------------------- 
 4. Full name of shareholder(s)                 Schroder Investment Management Limited 
  (if different from 3.):(iv) 
-------------------------------------------  ------------------------------------------- 
 5. Date of the transaction and date                           25.08.16 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
-------------------------------------------  ------------------------------------------- 
 6. Date on which issuer notified:                             26.08.16 
-------------------------------------------  ------------------------------------------- 
 7. Threshold(s) that is/are crossed                           Above 5% 
  or 
  reached: (vi, vii) 
-------------------------------------------  ------------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------ 
 Class/type      Situation previous                       Resulting situation after the triggering 
 of               to the triggering                        transaction 
 shares           transaction 
 
 if possible 
 using 
 the ISIN CODE 
--------------  ---------------------------------------  --------------------------------------------------------------- 
                 Number               Number              Number             Number of voting        % of voting 
                  of                   of                  of shares          rights                  rights (x) 
                  Shares               Voting 
                                       Rights 
--------------  -------------------  ------------------  -----------------  ----------------------  -------------------- 
                                                          Direct             Direct   Indirect       Direct   Indirect 
                                                                              (xi)     (xii) 
--------------    -----  -----  ---  -----  ---  ------  -----------------  -------  -------------  -------  ----------- 
 
    Ordinary 
 
  GB0000961622       32,558,524          32,558,524          34,721,314       N/A      34,711,704     N/A       5.033% 
                -------------------  ------------------  -----------------  -------  -------------  -------  ----------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------ 
 Type of financial        Expiration         Exercise/                   Number of voting            % of voting 
  instrument               date (xiii)        Conversion                  rights that may             rights 
                                              Period (xiv)                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 rights 
 financial          price         date (xvii)      Conversion       rights instrument             (xix, xx) 
 instrument                                        period           refers to 
                                                   (xviii) 
----------------  ------------  ---------------  ---------------  ----------------------------  ------------------------ 
                                                                                                 Nominal      Delta 
----------------  ------------  ---------------  ---------------  ----------------------------  -----------  ----------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  ------------------------------------------------------ 
                           34,711,704                                                     5.033% 
----------------------------------------------------------------  ------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
----------------------------------------------------------------------------------------- 
 
   Schroder Investment Management Limited 34,711,704 5.033% 
 
 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: 
------------------------------------------------------  --------------------------------- 
 
                                           This disclosure has been made based 
  13. Additional information:               on the legal entity postion crossing 
                                            the 5% threshold. Schroders plc's 
                                            position remains as per the last disclosure 
                                            made 05.07.16. The shares referred 
                                            to in section 9 are held in portfolios 
                                            managed by those firms on a discretionary 
                                            basis for clients under investment 
                                            management agreements. This disclosure 
                                            has been calculated based on issue 
                                            share capital amount 689,739,619. 
----------------------------------------  ----------------------------------------------- 
 14. Contact name: 
                                                             Chloe Talbot 
----------------------------------------  ----------------------------------------------- 
 
 15. Contact telephone number:                              020 7658 6000 
----------------------------------------  ----------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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August 26, 2016 11:49 ET (15:49 GMT)