Better Capital PCC Ltd : Better Capital PCC Limited - Holding(s) in Company
January 16, 2012 at 03:49 pm
By
Share
RNS Number : 6425V
Better Capital PCC Limited
16 January 2012
TR-1: NOTIFICATION OF MAJOR INTEREST IN
SHARES
1. Identity of the issuer or the underlying
issuer of existing shares to which voting rights
are attached:
Better Capital PCC Limited
2 Reason for the
notification(please tick the
appropriate box or boxes):
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):
Disclosure of revised position following
completion of Firm Placing & Open Offer and
conversion into a protected cell company
X
3. Full name of person(s) subject to the
notification obligation:
Lloyds Banking Group plc
4. Full name of
shareholder(s)(if different from
3.):
See Section 9.
5. Date of the transaction and date on which
the threshold is crossed or reached:
13 January 2012
6. Date on which issuer notified:
16 January 2012
7. Threshold(s) that is/are crossed or
reached:
Indirect holdings decreased to below
6%
8. Notified details:
A: Voting rights attached to shares
Class/type of
shares
if possible using
the ISIN CODE
Situation previous
to the triggering
transaction
Resulting situation after the triggering
transaction
Number
of
Shares
Number
of
Voting
Rights
Number
of shares
Number of voting
rights
% of voting rights
B: Qualifying Financial Instruments
Resulting situation after the triggering
transaction
Type of financial
instrument
Expiration
date
Exercise/
Conversion
Period
Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.
% of voting
rights
C: Financial Instruments with similar
economic effect to Qualifying Financial
Instruments
Resulting situation after the triggering
transaction
Type of financial
instrument
Exercise
price
Expiration
date
Exercise/
Conversion
period
Number of voting
rights instrument
refers to
% of voting rights
Nominal
Delta
Total (A+B+C)
Number of voting rights
Percentage of voting rights
22,610,121
5.718%
9. Chain of controlled undertakings through
which the voting rights and/or the
financial instruments are effectively held, if
applicable:
20,252,560 2009 Cell shares, representing
22,472,240 voting rights (5.683%), are under the
control of Scottish Widows Investment Partnership
Ltd, a wholly owned subsidiary of Scottish Widows
Investment Partnership Group Ltd, a wholly owned
subsidiary of Scottish Widows Group Ltd, a wholly
owned subsidiary of Lloyds TSB Bank plc, a wholly
owned subsidiary of Lloyds Banking Group
plc.
Proxy Voting:
10. Name of the proxy holder:
N/A
11. Number of voting rights proxy holder will
cease to hold:
N/A
12. Date on which proxy holder will cease to
hold voting rights:
N/A
13. Additional information:
Notification using the Total Voting Rights
figure of 395,399,216
14. Contact name:
Glen Johnstone
15. Contact telephone number:
0113 235 7729
This information is provided by RNS
The company news service from the London Stock Exchange
RNS news service provided by Hemscott Group Limited.
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Ce noodl a été diffusé par Better Capital Limited et initialement mise en ligne sur le site http://www.bettercapital.gg. La version originale est disponible ici.
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Better Capital PCC Limited is a closed-ended investment company. The Company acts as Protected Cell Company, and also acts as a feeder fund, through each cell, and pursues an investment objective, which aims to generate total returns by investing in a portfolio of distressed businesses (2009 Cell through Fund I and 2012 Cell through Fund II), such returns being expected to accrue largely through capital growth. Its segments include the 2009 Cell and the 2012 Cell. Its assets consist of investments, through Funds I and II, in portfolios of businesses, which have operating issues and may have associated financial distress, with a primary focus on businesses, which have activities within the United Kingdom and Ireland. The 2009 Cell's investing activities through Fund I include sectors, such as aerospace manufacturing and office products. The 2012 Cell's investing activities through Fund II include sectors, such as building products, retail and aerospace manufacturing.