Notification of Major Interest in Shares (1720D)
May 11 2012 - 6:06AM
UK Regulatory
TIDMHDU
RNS Number : 1720D
Hardy Underwriting Bermuda Ld
11 May 2012
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
-----------------------------------------------------------------------------------------------
1. Identity of the issuer or the underlying Hardy Underwriting Bermuda Ltd
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
------------------------------------------------------------------------------------- --------
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) subject Hermes Equity Ownership Services Limited
to the
notification obligation: (iii)
-------------------------------------------- -------------------------------------------------
4. Full name of shareholder(s) Shares are held by the relevant custodian(s)
(if different from 3.):(iv)
-------------------------------------------- -------------------------------------------------
5. Date of the transaction and date 9 May 2012
on
which the threshold is crossed
or
reached: (v)
-------------------------------------------- -------------------------------------------------
6. Date on which issuer notified: 10 May 2012
-------------------------------------------- -------------------------------------------------
7. Threshold(s) that is/are crossed
or
reached: (vi, vii) 4%
-------------------------------------------- -------------------------------------------------
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 Direct Indirect Direct Indirect
(xi) (xii)
----------- ---- ------ ---- -------- ---- ----------- ------------ ---------- ---------- --------------
B29VH17 2,739,676 2,739,676 2,312,145 4.52106%
------------------ ------------------ ----------- ------------ ---------- ---------- --------------
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 Exercise Expiration Exercise/ Number of voting % of voting rights
financial price date (xvii) Conversion rights instrument (xix, xx)
instrument period refers to
(xviii)
----------------- ---------------- -------------- ----------- ------------------------ --------------------------
Nominal Delta
----------------- ---------------- -------------- ----------- ------------------------ ------------ ------------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
---------------------------------------------------------------- ----------------------------------------------------
2,312,145 4.52106%
---------------------------------------------------------------- ----------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
---------------------------------------------------------------------------------
BT Pension Scheme Trustees Limited, as trustee of the BT Pension Scheme
("BTPS") controls Britel Fund Trustees Limited, which is the parent undertaking
of Hermes Fund Managers Limited ("HFML"). HFML is the parent undertaking
of Hermes Equity Ownership Services Limited ("HEOS") (voting rights:
4.52106%)*
* This notification is being made in respect of HEOS, which is an indirect
holder of shares for the purpose of DTR 5.2.1(h) as a result of control
of voting rights in relation to such shares.
---------------------------------------------------------------------------------
Proxy Voting:
-----------------------------------------------------------------------------------
10. Name of the proxy holder: See Comment in Section 9.
------------------------------------------------------- --------------------------
11. Number of voting rights proxy holder will See Comment in Section 9.
cease
to hold:
------------------------------------------------------- --------------------------
12. Date on which proxy holder will cease to See Comment in Section 9.
hold
voting rights:
------------------------------------------------------- --------------------------
THIS DISCLOSURE REPRESENTS A CESSATION OF VOTING
13. Additional information: CONTROL ONLY.
------------------------------ ---------------------------------------------------
14. Contact name: James Sherry (j.sherry@hermes.co.uk)
------------------------------ ---------------------------------------------------
15. Contact telephone
number: 020 7702 6110
------------------------------ ---------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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