Notification of Major Interest in Shares (6602A)

TIDMHDU

RNS Number : 6602A

Hardy Underwriting Bermuda Ld

02 April 2012

 
 For filings with the FSA include the 
  annex 
 For filings with issuer exclude the 
  annex 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
----------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying         Hardy Underwriting Bermuda Limited 
  issuer                                              BMG429851048 
  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                                        Yes 
--------------------------------------------------------------------------------  ------- 
 An acquisition or disposal of qualifying financial instruments                     n/a 
  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                    n/a 
  effect to qualifying financial instruments 
--------------------------------------------------------------------------------  ------- 
 An event changing the breakdown of voting rights                                   n/a 
--------------------------------------------------------------------------------  ------- 
 Other (please                                                                      n/a 
  specify): 
-------------------  -----------------------------------------------------------  ------- 
 3. Full name of person(s) subject             UBS Investment Bank 
  to the 
  notification obligation: (iii) 
--------------------------------------------  ------------------------------------------- 
 4. Full name of shareholder(s)                UBS AG London Branch 
  (if different from 3.):(iv) 
--------------------------------------------  ------------------------------------------- 
 5. Date of the transaction and date           28 March 2012 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  ------------------------------------------- 
 6. Date on which issuer notified:             02 April 2012 
--------------------------------------------  ------------------------------------------- 
 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 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                     (x) 
                 Shares             Voting 
                                    Rights 
-------------  -----------------  ------------------  -----------  -------------------------  --------------------------- 
                                                                    Direct          Indirect   Direct        Indirect 
                                                                     (xi)            (xii) 
-------------  ---  ----  ------  ---  -----  ------  -----------  --------------  ---------  ------------  ------------- 
                No Previous        No Previous 
 BMG429851048    Disclosure         Disclosure         2,870,332    2,870,332       -          5.61%         - 
               -----------------  ------------------  -----------  --------------  ---------  ------------  ------------- 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------- 
 Type of financial         Expiration          Exercise/                   Number of voting            % of voting 
  instrument                date (xiii)         Conversion Period           rights that may             rights 
                                                (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 financial   Exercise           Expiration     Exercise/    Number of voting             % of voting rights 
  instrument          price              date (xvii)   Conversion    rights instrument            (xix, xx) 
                                                       period        refers to 
                                                       (xviii) 
------------------  -----------------  -------------  -----------  ---------------------------  ------------------------- 
 -                   -                  -              -                                         Nominal       Delta 
------------------  -----------------  -------------  -----------  -----                        ------------  ----------- 
                                                                    -                            -             - 
-------------  ---  ----  ------  ---  -----  ------  -----------  ---------------------------  ------------  ----------- 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                            Percentage of voting rights 
-----------------------------------------------------------------  ------------------------------------------------------ 
 2,870,332                                                          5.61% 
-----------------------------------------------------------------  ------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
----------------------------------------------------------------------------------- 
 
 
 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:                         Konstantina Georgaki / Zuzana Gorogova 
----------------------------------------  ----------------------------------------- 
 15. Contact telephone number:             [phone] 
----------------------------------------  ----------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLUGUBGCUPPGQP