Notification of Major Interest in Shares (3962A)

TIDMHDU

RNS Number : 3962A

Hardy Underwriting Bermuda Ld

29 March 2012

 
 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------- 
 
 
 1. Identity of the issuer or the 
  underlying issuer of existing shares    Hardy Underwriting Bermuda 
  to which voting rights are attached:             Limited 
--------------------------------------  ---------------------------- 
 
 
 2 Reason for the notification (please tick the appropriate box 
  or boxes): 
------------------------------------------------------------------------ 
                                                                 Yes 
  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      Baillie Gifford & Co 
  to the notification obligation: 
-------------------------------------  --------------------- 
 4. Full name of shareholder(s) (if 
  different from 3.): 
-------------------------------------  --------------------- 
 5. Date of the transaction and date        28 Mar 2012 
  on which the threshold is crossed 
  or reached: 
-------------------------------------  --------------------- 
 6. Date on which issuer notified: 
                                             29 Mar 2012 
-------------------------------------  --------------------- 
 7. Threshold(s) that is/are crossed 
  or reached:                                    5% 
-------------------------------------  --------------------- 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
----------------------------------------------------------------------------------------------- 
 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 rights 
                   of          of         of shares    rights 
                   Shares      Voting 
                               Rights 
---------------  ----------  ---------  -----------  -------------------  --------------------- 
                                         Direct       Direct    Indirect   Direct     Indirect 
---------------  ----------  ---------  -----------  --------  ---------  ---------  ---------- 
 Ordinary 
  Share 
  BMG429851048 
                 ----------  ---------  -----------  --------  ---------  ---------  ---------- 
                                         Below                  Below                 Below 
                  2924514     2924514     5%                     5%                    5% 
---------------  ----------  ---------  -----------  --------  ---------  ---------  ---------- 
 
 
 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 may          rights 
                                   Period        be 
                                                 acquired if the 
                                                 instrument is 
                                                 exercised/ converted. 
------------------  -----------  ------------  -----------------------  ------------ 
  N/A 
------------------  -----------  ------------  -----------------------  ------------ 
 
 
 C: Financial Instruments with similar economic effect to Qualifying 
  Financial Instruments 
----------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------- 
 Type of financial   Exercise   Expiration   Exercise/     Number of voting     % of voting 
  instrument          price      date         Conversion    rights instrument    rights 
                                              period        refers to 
------------------  ---------  -----------  ------------  -------------------  ---------------- 
                                                                                Nominal   Delta 
------------------  ---------  -----------  ------------  -------------------  --------  ------ 
 N/A 
------------------  ---------  -----------  ------------  -------------------  --------  ------ 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
   Below 5%                Below 5% 
------------------------  ---------------------------- 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
------------------------------------------------------------------------------- 
 In the narrative below, the figures in [ ] indicate the amount of voting 
  rights and the percentage held by each controlled undertaking where relevant. 
  Baillie Gifford & Co, a discretionary investment manager, is the parent 
  undertaking of an investment management group. 
  Its wholly-owned subsidiary undertaking Baillie Gifford Overseas Limited 
  [244500; 0.48%] is also a discretionary investment manager. 
  Its wholly-owned subsidiary undertaking Baillie Gifford & Co Limited 
  [1924514; 3.76%] is an OEIC Authorised Corporate Director and Unit Trust 
  Manager which has delegated its discretionary investment management role 
  to Baillie Gifford & Co. 
 
 
 Proxy Voting: 
------------------------------------------- 
 10. Name of the proxy holder:          N/A 
------------------------------------  ----- 
 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:                Gillian Wright 
-------------------------------  --------------- 
 15. Contact telephone number:    0131 275 3041 
-------------------------------  --------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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