Holding(s) in Company (5726C)
March 08 2011 - 12:25PM
UK Regulatory
TIDMOPE TIDMLGEN
RNS Number : 5726C
Optare PLC
08 March 2011
Financial Services Authority
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
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1. Identity of the issuer or the Optare Plc
underlying issuer of existing shares to
which voting rights are attached:
----------------------------------------- -----------------------------------
2. Reason for the notification (please tick the appropriate box or boxes):
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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
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An event changing the breakdown of voting rights Yes
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Other (please
specify):
-------------- ---------------------------------------------------- --------
3. Full name of person(s) subject Legal & General Group Plc (L&G)
to the
notification obligation:
---------------------------------- ------------------------------------------
4. Full name of shareholder(s) Legal & General Assurance Society Limited
(if different from 3.): (LGAS & LGPL)
Legal & General (Unit Trust Managers)
Limited (UTM)
---------------------------------- ------------------------------------------
5. Date of the transaction and 07 March 2011
date on which the threshold is
crossed or reached:
---------------------------------- ------------------------------------------
6. Date on which issuer notified: 08 March 2011
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7. Threshold(s) that is/are L&G (From 5% to 6%)
crossed or reached:
---------------------------------- ------------------------------------------
8. Notified details:
-------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
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Class/type
of shares
if
possible Situation previous
using the to the triggering Resulting situation after the triggering
ISIN CODE transaction transaction
----------- ---------------------------------- ------------------------------------------------------------------------
Number
Number of
of Voting Number Number of voting
Shares Rights of shares rights % of voting rights
----------- ---------------- ---------------- ------------- --------------------------- ----------------------------
Direct Indirect Direct Indirect
----------- ---- ------ ------ ----- ----------- ---------------- --------- ------------ --------------
Ordinary 22,628,304
1p (As on 24/08/2010) 43,854,867 43,854,867 5.83%
----------- ---------------------------------- ------------- ---------------- --------- ------------ --------------
B: Qualifying Financial Instruments
-------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
-------------------------------------------------------------------------------------------------------------------------
Number of voting
rights that may
be
acquired if the
Type of financial Expiration Exercise/ instrument is % of voting
instrument date Conversion Period exercised/ converted. rights
--------------------- ----------------- ----------------------------- --------------------------- -------------------
Warrant 3,773,437 0.50%
--------------------- ----------------- ----------------------------- --------------------------- -------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
-------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
-------------------------------------------------------------------------------------------------------------------------
Type of Exercise/ Number of voting
financial Exercise Expiration Conversion rights instrument
instrument price date period refers to % of voting rights
--------------- --------------- --------------- ----------- ----------------------------- --------------------------
Nominal Delta
--------------- --------------- --------------- ----------- ----------------------------- ------------ ------------
Total (A+B+C)
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Number of voting rights Percentage of voting rights
-------------------------------------------------------------- ---------------------------------------------------------
47,628,304 6.33%
-------------------------------------------------------------- ---------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable:
----------------------------------------------------------------------------------
Legal & General Group Plc (Direct and Indirect)
(Group) ( 112,064,423 -14.89% = Total Position)
Legal & General Investment Management (Holdings)
Limited (LGIMH) (Direct and Indirect) (
112,064,423 - 14.89%= Total Position)
Legal & General Investment Management Limited
(Indirect) (LGIM) ( 112,064,423 - 14.89% = Total
Position) Legal & General (Unit Trust Managers)
Limited (64,436,119 - 8.56% = UTM)
Legal & General Group Plc (Direct) (L&G) ( 47,628,304
- 6.33%= LGAS, LGPL & PMC)
Legal & General Investment Legal & General Insurance Holdings
Management (Holdings) Limited Limited (Direct) (LGIH) ( 47,628,304 -
(Direct) (LGIMHD) 6.33%= LGAS & LGPL)
Legal & General Assurance Legal & General Assurance Society
(Pensions Management) Limited Limited (LGAS & LGPL) ( 47,628,304 -
(PMC) 0.00%= LGAS & LGPL)
Legal & General Pensions Limited
(Direct) (LGPL)
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
-------------------------------------------------- ------------------------------
Notification using the total voting
13. Additional information: rights figure of 752,145,493
-------------------------------------- ------------------------------------------
14. Contact name: Paul Toon (LGIM)
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15. Contact telephone number: 020 3124 3854
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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