23 Jun 2009 09:00
| TR-1: Notifications of Major Interests in Shares |
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | Billing Services Group Limited | ||
| 2. Reason for notification (yes/no) | |||
| An acquisition or disposal of voting rights | Yes | ||
| An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | No | ||
| An event changing the breakdown of voting rights | No | ||
| Other (please specify):______________ | No | ||
| 3. Full name of person(s) subject to notification obligation: | Southern Rock Insurance Co. Ltd. | ||
| 4. Full name of shareholder(s) (if different from 3): | Rene Nominees Ltd | ||
| 5. Date of transaction (and date on which the threshold is crossed or reached if different): | 12 June 2009 | ||
| 6. Date on which issuer notified: | 16 June 2009 | ||
| 7. Threshold(s) that is/are crossed or reached: | Under 3% | ||
| 8: Notified Details | |||||||
| A: Voting rights attached to shares | |||||||
| Class/type of shares If possible use ISIN code BMG110261044 Ordinary Shares USD0.59446 | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | |||||
| Number of shares 9,025,000 | Number of voting rights 9,025,000 | Number of shares 5,475,000 | Number of voting rights | Percentage of voting rights | |||
| Direct | Indirect 5,457,00 | Direct | Indirect 1.96% | ||||
| B: Financial Instruments | ||||
| Resulting situation after the triggering transaction | ||||
| Type of financial instrument | Expiration date | Exercise/ conversion period/date | No. of voting rights that may be acquired (if the instrument exercised/converted) | Percentage of voting rights |
| N/A | N/A | N/A | N/A | N/A |
| Total (A+B) | |
| Number of voting rights | Percentage of voting rights |
| 5,457,000 | 1.96% |
| 9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable: | |
| Rene Nominees Ltd (Southern Rock Insurance Co. Ltd) | 5,325,000 Shares 1.91% |
| Rene Nominess Ltd (Arron Banks) | 150,000 Shares 0.05 |
| Arron Banks is connected to Southern Rock Insurance Company Ltd, being a major shareholder in Southern Rock Insurance Company Ltd. Therefore, together Southern Rock Insurance Company and Arron Banks are interested in 5,475,000 shares in Billing Services Group Ltd, representing approximately 1.96% of the Company's issued share capital. | |
| Proxy Voting: | |
| 10. Name of 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: | Southern Rock is no longer required to notify major interests in its BSG holdings The above information is based on total number of voting rights of 279,863,248 |
| 14 Contact name: | Beverley Field |
| 15. Contact telephone number: | +44 (0) 1454 634 853 |