Grainger PLC Holding(s) in Company (8493B)

TIDMGRI TIDMSDR

RNS Number : 8493B

Grainger PLC

06 April 2017

Grainger plc (the "Company")

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                                 Grainger 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                                                           ü 
----------------------------------------------------------------------------------------------------  ------- 
 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       ü 
  specify):                                            Directive II Regulation 
----------------------------------------------------  ----------------------------------------------  ------- 
 3. Full name of person(s)                                                  Schroders plc 
  subject to the 
  notification obligation: 
  (iii) 
------------------------------------------------------  ----------------------------------------------------- 
 4. Full name of shareholder(s)                                     Schroder Investment Management 
  (if different from 3.):(iv)                                                   Limited 
------------------------------------------------------  ----------------------------------------------------- 
 5. Date of the transaction                                                    04.04.17 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
------------------------------------------------------  ----------------------------------------------------- 
 6. Date on which issuer                                                       05.04.17 
  notified: 
------------------------------------------------------  ----------------------------------------------------- 
 7. Threshold(s) that is/are                                                From 12% - 11% 
  crossed or 
  reached: (vi, vii) 
------------------------------------------------------  ----------------------------------------------------- 
 
 
 
 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          Direct     Indirect      Direct        Indirect 
                                                                     (xi)        (xii) 
-------------      ------------    -------------    --------------  ---------  ------------  ------------  ----------- 
 
   Ordinary 
 GB00B04V1276     59,507,670         52,045,170       57,256,121       N/A      49,906,121        N/A        11.970% 
-------------  ----------------  -----------------  --------------  ---------  ------------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration      Exercise/                          Number of voting           % of voting 
 financial           date            Conversion                         rights that                rights 
 instrument          (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 
----------------------------------------------------------------  ---------------------------------------------------- 
                           49,906,121                                                    11.970% 
----------------------------------------------------------------  ---------------------------------------------------- 
 
 
 
 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 49,906,121 11.970% 
 
 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 
  13. Additional information:                                   made based on a legal entity 
                                                                crossing below the 12% threshold. 
                                                                Schroders plc's position 
                                                                remains as per the disclosure 
                                                                made 02.03.2017. 
                                                                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 416,930,663. 

-------------------------------------------------------------  ----------------------------------- 
 14. Contact name:                                                         Chloe Talbot 
-------------------------------------------------------------  ----------------------------------- 
 15. Contact telephone number:                                           [phone] 
-------------------------------------------------------------  ----------------------------------- 
 
 

Adam McGhin

Group Counsel and Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 06, 2017 11:22 ET (15:22 GMT)