17 Dec 2008 10:34
TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):
Billing Services Group Limited
2. Reason for the notification (please state 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 the notification obligation (iii):
Gartmore Investment Limited
4. Full name of shareholder(s) (if different from 3.) (iv):
| Beneficial Owner | UK Registered Owner | Percentage of Issued Capital |
| Gartmore Fund Managers Limited A/C Gartmore Cautious Managed fund | HSBC Global Custody Nominee UK Ltd | 1.758% |
| Gartmore Growth Opportunities plc | Gartmore Growth Opportunities | 0.846% |
| Strathclyde pension fund | Nortrust Nominees Limited | 2.385% |
5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v):
5 December 2008
6. Date on which issuer notified:
8 December 2008
7. Threshold(s) that is/are crossed or reached:
5%
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 (vi) | |
| Number of shares | Number of voting Rights (viii) | |
| BMG110261044 | 26,805,242 | 26,805,242 |
Resulting situation after the triggering transaction (vii)
| Class/type of shares if possible using the ISIN CODE | Number of shares | Number of voting rights (ix) | % of voting rights | ||
| Direct (x) | Indirect (xi) | Direct | Indirect | ||
| BMG110261044 | 13,794,055 | 13,794,055 | 4.929% | ||
B: Financial Instruments
Resulting situation after the triggering transaction (xii)
| Type of financial instrument | Expiration Date (xiii) | Exercise/Conversion Period/Date (xiv) | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
| N/A | N/A | N/A | N/A | N/A |
Total (A+B)
| Number of voting rights | % of voting rights |
| 13,794,055 | 4.929% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):
n/a
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:
All shares are held indirectly
All figures are based on the Company's issued share capital of 279,863,248
14. Contact name:
RDU
E mail contact RDU@Gartmore.com
15. Contact number:
0207 782 2000