Notifications of Major Interests in Shares (9122G)

TIDMSAM

RNS Number : 9122G

Syndicate Asset Management PLC

19 May 2011

For immediate release:

Syndicate Asset Management

 
 TR-1: Notifications of Major Interests in Shares 
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 1. Identity of the issuer or the underlying 
  issuer of existing shares to which voting                          Syndicate Asset Management 
  rights are attached:                                                PLC 
------------------------------------------------------------------  ------------------------------- 
 2. Reason for notification (yes/no) 
--------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                               Yes 
----------------------------------------------------------------------------------------  --------- 
 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):______________ 
----------------------------------------------------------------------------------------  --------- 
                                                             Kestrel Opportunities, a 
 3. Full name of person(s) subject                            cell of Guernsey Portfolios 
  to notification obligation:                                 PCC Limited 
----------------------------------------------------------  --------------------------------------- 
 4. Full name of shareholder(s) (if 
  different from 3):                                         As in 3 above 
----------------------------------------------------------  --------------------------------------- 
 5. Date of transaction (and date 
  on which the threshold is crossed 
  or reached if different):                                  13 May 2011 
----------------------------------------------------------  --------------------------------------- 
 6. Date on which issuer notified:                           18 May 2011 
----------------------------------------------------------  --------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or reached:                                                Above 4% 
----------------------------------------------------------  --------------------------------------- 
 8: Notified Details 
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 A: Voting rights attached to shares 
--------------------------------------------------------------------------------------------------- 
 Class/type 
 of shares 
 If possible   Situation previous 
 use ISIN       to the triggering        Resulting situation after the triggering 
 code           transaction               transaction 
------------  ------------------------  ----------------------------------------------------------- 
                            Number 
               Number        of voting   Number       Number of voting          Percentage 
                of shares    rights       of shares    rights                    of voting rights 
------------  -----------  -----------  -----------  ------------------------  -------------------- 
                                                      Direct         Indirect   Direct     Indirect 
------------  -----------  -----------  -----------  -------------  ---------  ---------  --------- 
 Ordinary 
  Shares       72,200,000   72,200,000   73,200,000   73,200,000     Nil        4.04%      Nil 
------------  -----------  -----------  -----------  -------------  ---------  ---------  --------- 
 
 
 
 B: Financial Instruments 
------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------ 
 Type of         Expiration   Exercise/      No. of voting rights   Percentage 
 financial        date         conversion    that may be acquired    of voting 
 instrument                    period/date   (if the instrument      rights 
                                             exercised/converted) 
--------------  -----------  -------------  ---------------------  ----------- 
 
 
 
 Total (A+B) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
 73,200,000                4.04% 
------------------------  ---------------------------- 
 
 
 9. Chain of controlled undertakings through which the voting 
  rights and /or the financial instruments are effectively held, 
  if applicable: 
---------------------------------------------------------------- 
 
 
 
 Proxy Voting: 
----------------------------------- 
 10. Name of 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: 
----------------------------------- 
 
 
                                  Notification using the total 
 13. Additional information:       voting rights figure of 1,810,748,627 
-------------------------------  --------------------------------------- 
 14 Contact name:                 Oliver Scott (Kestrel Partners) 
-------------------------------  --------------------------------------- 
 15. Contact telephone number:    0203 371 6100 
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