![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tellworth British Recovery & Growth Trust plc | LSE:BRIT | London | Ordinary Share | Ordinary Shares |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 280.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBRIT
RNS Number : 6174O
Brit PLC
29 May 2015
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) -------------------------------------------------- 1. Identity of the issuer or Brit 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 specify): ----------------------------------------------------- --------------------------- 3. Full name of person(s) Fairfax Financial Holdings subject to the Limited notification obligation: (iii) ------------------------------------------------------ ---------------------------- 4. Full name of shareholder(s) FFHL Group Ltd. (if different from 3.):(iv) ------------------------------------------------------ ---------------------------- 5. Date of the transaction 27 May 2015 and date on which the threshold is crossed or reached: (v) ------------------------------------------------------ ---------------------------- 6. Date on which issuer 28 May 2015 notified: ------------------------------------------------------ ---------------------------- 7. Threshold(s) that is/are crossed or reached: (vi, vii) 96% ------------------------------------------------------ ---------------------------- 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 Shares 372,173,871 372,173,871 Nil Nil 387,632,639 Nil% 96.65% ---------------- ----------------- -------------- --------- ------------ ------------ ----------- ISIN GB00BKRV3L73 ------------- ------------ ------------- ------------ ------- ------------ -------- --------- 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 ---------------------------------------------------- ---------------------------------------------------------------- 387,632,639 96.65% ---------------------------------------------------- ---------------------------------------------------------------- 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: (xxi) ------------------------------------------------------------------------------------------------ The ordinary shares of Brit PLC are subject to a takeover offer made by FFHL Group Ltd. (the Offer), the full terms and conditions of which were published in an offer document on 16 March 2015 (the Offer Document). FFHL Group Ltd. is a wholly owned entity of Fairfax Financial Holdings Limited. On 26 May 2015, the Offer was declared unconditional in all respects, and FFHL Group Ltd. unconditionally contracted to acquire 372,173,871 ordinary shares in Brit PLC. As a result, FFHL Group Ltd. became entitled to direct the exercise of 92.93% of the voting rights in Brit PLC, triggering a notification requirement on such date. Further to this, on 27 May 2015, FFHL Group Ltd. unconditionally contracted to acquire an additional 15,458,768 ordinary shares in Brit PLC, due to further acceptances of the Offer. Accordingly, FFHL Group Ltd. unconditionally contracted to acquire an aggregate of 387,632,639 ordinary shares in Brit PLC. Additionally, Brit PLC allotted a further 604,746 ordinary shares on 27 May 2015, increasing the issued share capital of Brit PLC from 400,452,960 to 401,057,706. As such, FFHL Group Ltd. became entitled to direct the exercise of an aggregate of 96.65% of the voting rights in Brit PLC, triggering a further notification requirement. 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: Paul Rivett, President Derek Bulas, AVP, Legal ------------------------------------------------------------------- --------------------------- 15. Contact telephone number: Tel: +1.416.367.4941 ------------------------------------------------------------------- ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLLIFITETIAFIE
1 Year Tellworth British Recove... Chart |
1 Month Tellworth British Recove... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions