Last checked at 19 Mar 2012 17:28
BLUE PLANET FINANCIALS GROWTH & INCOME INVESTMENT TRUSTS NO 1 - 10 PLC (EACH A "G&I TRUST" AND TOGETHER "G&I")
NOTIFICATION OF MAJOR INTEREST IN SHARES
Each G&I Trust announces that on 19 March 2012, each G&I Trust was informed that the following transactions took place, which has triggered this notification:
On 19 March 2012, Blue Planet International Financials Investment Trust plc ("International") disposed of 708,500 ordinary shares of 1p each in the capital of each G&I Trust (ISIN numbers for which are at the foot of this announcement) (together "Shares"). As a result of this disposal, International no longer holds any Shares and is not entitled to any voting rights in G&I.
On 19 March 2012, Blue Planet Worldwide Financials Investment Trust plc ("Worldwide") disposed of 346,000 Shares in each G&I Trust. As a result of this disposal, Worldwide no longer holds any Shares and is not entitled to any voting rights in G&I.
On 19 March 2012, Investment Company Investments LLP acquired 1,054,500 Shares in each G&I Trust resulting in it being entitled to 1,054,500 voting rights in each G&I Trust. Investment Company Investments LLP, therefore, holds 7.72% of the issued share capital of each G&I Trust and is entitled to 7.72% of the total voting rights in each G&I Trust.
The aforementioned transactions took place by International and Worldwide each transferring their holdings in G&I to Investment Company Investments LLP by way of a capital contribution ("Transfers"). No consideration was paid by Investment Company Investments LLP for the Transfers. The transfers were made in preparation for the proposed merger announced on 22nd December 2011 ("the Merger").
Investment Company Investments LLP is a newly incorporated limited liability partnership owned by G&I, International and Worldwide (together "the Companies") formed for the purpose of acquiring the cross-holdings in the Companies. The only members of Investment Company Investments LLP are the Companies (save that a nominee is a member on behalf of the Company). The Companies are entitled to participate in the profits and gains of Investment Company Investments LLP in proportion to the capital contributions made by the Companies respectively. Each of the members of Investment Company Investments LLP is entitled to exercise one vote. Investment Company Investments LLP has no other assets. The Companies intend to retain their interests in Investment Company Investments LLP pending implementation of the Merger.
The folowing announcement applies equally to each of the ten G&I Trusts:
Company Name ISIN SEDOL PIC Code
Blue Planet Financials Growth & GB00B19PPL85 B19PPL8 GB BPFA LN Income Investment Trust No.1 plc
Blue Planet Financials Growth & GB00B19PPN00 B19PPN0 GB BPFC LN Income Investment Trust No.2 plc
Blue Planet Financials Growth & GB00B19PPP24 B19PPP2 GB BPFE LN Income Investment Trust No.3 plc
Blue Planet Financials Growth & GB00B19PPQ31 B19PPQ3 GB BPFG LN Income Investment Trust No.4 plc
Blue Planet Financials Growth & GB00B19PPT61 B19PPT6 GB BPFI LN Income Investment Trust No.5 plc
Blue Planet Financials Growth & GB00B19PPV83 B19PPV8 GB BPFK LN Income Investment Trust No.6 plc
Blue Planet Financials Growth & GB00B19PPW90 B19PPW9 GB BPFM LN Income Investment Trust No.7 plc
Blue Planet Financials Growth & GB00B19PPX08 B19PPX0 GB BPFO LN Income Investment Trust No.8 plc
Blue Planet Financials Growth & GB00B19PQ150 B19PQ15 GB BPFQ LN Income Investment Trust No.9 plc
Blue Planet Financials Growth & GB00B19PQG08 B19PQG0 GB BPFS LN Income Investment Trust No.10 plc
For more information, please contact the Company Secretary of the G&I Trusts, Blue Planet Investment Advisers:
Telephone: +44 (0)131 466 6666Email: info@bpia.eu