Holding(s) in Company

 

TIDMSAM 
 
RNS Number : 7787X 
Syndicate Asset Management PLC 
10 December 2010 
 

For immediate release: 
 
                         Syndicate Asset Management plc 
 
                    ("Syndicate", "Company" or the "Group") 
 
+------------+------------+------------+-------------+--------------+------+----------+---------+----------+ 
| TR-1: Notifications of Major Interests in Shares                                                         | 
+----------------------------------------------------------------------------------------------------------+ 
|                                                                          |                               | 
| 1. Identity of the issuer or the underlying issuer                       | Syndicate Asset               | 
| of existing shares to which voting rights are                            | Management plc                | 
| attached:                                                                |                               | 
+--------------------------------------------------------------------------+-------------------------------+ 
|                                                                                                          | 
| 2. Reason for notification (yes/no)                                                                      | 
+----------------------------------------------------------------------------------------------------------+ 
|                                                                                               | Yes      | 
| An acquisition or disposal of voting rights                                                   |          | 
+-----------------------------------------------------------------------------------------------+----------+ 
|                                                                                               |          | 
| An acquisition or disposal of financial instruments which may result                          |          | 
| in the acquisition of shares already issued to which voting rights                            |          | 
| are attached                                                                                  |          | 
+-----------------------------------------------------------------------------------------------+----------+ 
|                                                                                               |          | 
| An event changing the breakdown of voting rights                                              |          | 
+-----------------------------------------------------------------------------------------------+----------+ 
|                                                                                               |          | 
| Other (please specify):______________                                                         |          | 
+-----------------------------------------------------------------------------------------------+----------+ 
|                                                                   | Saffery Champness Trust              | 
| 3. Full name of person(s) subject to                              | Corporation as Trustee of the        | 
| notification obligation:                                          | Jodi One Trust                       | 
+-------------------------------------------------------------------+--------------------------------------+ 
|                                                                   | As above                             | 
| 4. Full name of shareholder(s) (if different                      |                                      | 
| from 3):                                                          |                                      | 
+-------------------------------------------------------------------+--------------------------------------+ 
|                                                                   |                                      | 
| 5. Date of transaction (and date on which the                     | 09 December 2010                     | 
| threshold is crossed or reached if                                |                                      | 
| different):                                                       |                                      | 
+-------------------------------------------------------------------+--------------------------------------+ 
|                                                                   |                                      | 
| 6. Date on which issuer notified:                                 | 10 December 2010                     | 
+-------------------------------------------------------------------+--------------------------------------+ 
|                                                                   | Below 3%; now 12.76%                 | 
| 7. Threshold(s) that is/are crossed or                            |                                      | 
| reached:                                                          |                                      | 
+-------------------------------------------------------------------+--------------------------------------+ 
|                                                                                                          | 
| 8: Notified Details                                                                                      | 
+----------------------------------------------------------------------------------------------------------+ 
| A: Voting rights attached to shares                                                                      | 
|                                                                                                          | 
+----------------------------------------------------------------------------------------------------------+ 
| Class/type | Situation previous      | Resulting situation after the triggering                          | 
| of shares  | to the triggering       | transaction                                                       | 
| If         | transaction             |                                                                   | 
| possible   |                         |                                                                   | 
| use ISIN   |                         |                                                                   | 
| code       |                         |                                                                   | 
+            +-------------------------+-------------------------------------------------------------------+ 
|            | Number     | Number     | Number      | Number of voting               | Percentage of      | 
|            | of         | of         | of          | rights                         | voting rights      | 
|            | shares     | voting     | shares      |                                |                    | 
|            |            | rights     |             |                                |                    | 
+            +            +            +             +--------------------------------+--------------------+ 
|            |            |            |             |                     |          |         |          | 
|            |            |            |             | Direct              | Indirect | Direct  | Indirect | 
+------------+------------+------------+-------------+---------------------+----------+---------+----------+ 
| Ordinary   | 50,145,600 | 50,145,600 | 230,145,600 | 230,145,600         |          |         |          | 
+------------+------------+------------+-------------+---------------------+----------+---------+----------+ 
|            |            |            |             |              |      |          |         |          | 
+------------+------------+------------+-------------+--------------+------+----------+---------+----------+ 
 
 
+------------+------------+-------------+----------------------+------------+ 
| B: Financial Instruments                                                  | 
|                                                                           | 
+---------------------------------------------------------------------------+ 
| Resulting situation after the triggering transaction                      | 
|                                                                           | 
+---------------------------------------------------------------------------+ 
| Type of    | Expiration | Exercise/   | No. of voting        | Percentage | 
| financial  | date       | conversion  | rights that          | of voting  | 
| instrument |            | period/date | may be               | rights     | 
|            |            |             | acquired (if         |            | 
|            |            |             | the                  |            | 
|            |            |             | instrument           |            | 
|            |            |             | exercised/converted) |            | 
+------------+------------+-------------+----------------------+------------+ 
| N/A        |            |             |                      |            | 
+------------+------------+-------------+----------------------+------------+ 
 
+---------------------------------+---------------------------------+ 
| Total (A+B)                                                       | 
|                                                                   | 
+-------------------------------------------------------------------+ 
| Number of voting rights         | Percentage of voting rights     | 
+---------------------------------+---------------------------------+ 
| 230,145,600                     | 12.76%                          | 
+---------------------------------+---------------------------------+ 
 
+-------------------------------------------------------------------+ 
| 9. Chain of controlled undertakings through which the voting      | 
| rights and /or the financial instruments are effectively held, if | 
| applicable:                                                       | 
+-------------------------------------------------------------------+ 
|                                                                   | 
| Saffery Champness Trust Corporation as Trustee of the Jodi One    | 
| Trust                                                             | 
+-------------------------------------------------------------------+ 
 
+---------------------------------+---------------------------------+ 
| Proxy Voting:                                                     | 
|                                                                   | 
+-------------------------------------------------------------------+ 
| 10. Name of 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:     | N/A                             | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| 14 Contact name:                | Helen Green                     | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| 15. Contact telephone number:   | 01481 721 374                   | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
 
 
For further information please contact: 
 
Syndicate Asset Management Plc 
Jonathan Freeman                  (Group CEO)              Tel: [phone] 
 
Cenkos Securities plc 
Stephen Keys/Julian Morse                                        Tel: [phone] 
8900 
 
GTH Communications 
Toby Hall/Christian Pickel                                           Tel: 020 
3103 3903/3902 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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