20 Mar 2009 11:20
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES | |||||||||||||||||||
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
| City of London Investment Group plc | ||||||||||||||||||
2 Reason for the notification (please tick the appropriate box or boxes):
| |||||||||||||||||||
An acquisition or disposal of voting rights | X | ||||||||||||||||||
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issues to which voting rights are attached | |||||||||||||||||||
An event changing the breakdown of voting rights | |||||||||||||||||||
Other (please specify):
| |||||||||||||||||||
3. Full name of person(s) subject to the notification obligation:
| Lloyds Banking Group plc | ||||||||||||||||||
4. Full name of shareholder(s) (if different from 3.):
| See Section 9 | ||||||||||||||||||
5. Date of the transaction and date on which the threshold is crossed or reached:
| 18 March 2009 | ||||||||||||||||||
6. Date on which issuer notified:
| 19 March 2009 | ||||||||||||||||||
7. Threshold(s) that is/are crossed or reached:
| Decrease to below 6% | ||||||||||||||||||
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 | Resulting situation after the triggering transaction | |||||||||||||||||
Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights | |||||||||||||||
Direct | Direct | Indirect | Direct | Indirect | |||||||||||||||
Ord 1p | 1,543,840 | 1,543,840 | 25,051 | 25,051 | 1,489,313 | 0.10% | 5.83% | ||||||||||||
GB00B104RS51 | |||||||||||||||||||
B: Financial Instruments | |||||||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||||||
Type of financial instrument | Expiration date | Exercise/ Conversion Period/ Date | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights | |||||||||||||||
N/A | |||||||||||||||||||
Total (A+B) | |||||||||||||||||||
Number of voting rights | % of voting rights | ||||||||||||||||||
1,514,364 | 5.93% | ||||||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: | |||||||||||||||||||
1,514,340 shares (5.93%) are under the control of Insight Investment Management (Global) Limited, a wholly owned subsidiary of Insight Investment Management Limited, a wholly owned subsidiary of HBOS Insurance & Investment Group Limited, a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds Banking Group plc (Indirect Interests). | |||||||||||||||||||
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:
| Notification using the total voting rights figure of 25,535,500 | ||||||||||||||||||
14. Contact name:
| Kenny Melville | ||||||||||||||||||
15. Contact telephone number:
| 0131 243 8671 |