Last checked at 13 Jun 2012 14:55
Form TR-4. FSA Version 1.0 June 2008
TR-4[1]: | Disclosure of Short Position relating to UK Financial Sector Company[2] |
1. Full name of person(s) holding the disclosable short position[3]: | BlackRock UK Emerging Companies Hedge Fund |
2: Name of the issuer of the relevant securities | Admiral Group PLC |
3: Disclosable short position[4] | -0.25% |
4. Date that disclosable short position was held | 12/06/2012 |
BlackRock Investment Management Limited makes this disclosure in its capacity as a discretionary investment manager on this fund.
[1] This form, or the information contained within it, should be disclosed via an RIS using the short code DSP. Issuers should conform the commencement of the rights issuer period with a disclosure, via an RIS, using the short code ARI.
[2] This form relates to the disclosure of short positions in compliance with amendments to MAR 1.9 market abuse (misleading behaviour) and market abuse (distortion) of the Market Conduct Sourcebook (MAR). Further material on this can be found in the FSA's press release of 13 June 2008, http://www.fsa.gov.uk/pages/Library/Communication/PR/2008/057.shtml and the related FAQ document on the FSA's website.
[3] Specify the holder of the net short position. The naming of nominees or vehicle companies is insufficient. In the case of a discretionary investment manager managing assets on behalf of a client, the disclosure obligation applies at the level of both the entity to which FINMAR 2.2.1 R or 2.2.3 R applies and at the level of the discretionary investment manager. The discretionary investment manager may make a net short position disclosure on behalf of its client. In respect of itself, the discretionary investment manager is required to disclose its aggregate net short position across all of the funds it manages. Non-discretionary investment managers may also make disclosure of a net short position on behalf of their clients.
Where a disclosure by a discretionary investment manager is the same as that being made for its client/fund/sub-fund, it is permitted to make a single disclosure provided that the disclosure makes it clear that it applies to both parties.
[4] Figure to be expressed as a percentage of issued capital. Disclosable short position is defined in the Glossary of Definitions in the FSA Handbook. Positions must be disclosed on a net basis of all holdings. All financial instruments that represent a direct or indirect economic interest in the shares of the issuer must be included within such holdings.