7 Mar 2007 15:46
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):
Charles Taylor Consulting plc
2. Reason for the notification (please place an X inside the appropriate bracket/s):
An acquisition or disposal of voting rights: ( )
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify) : ( X )
Re-disclosure following implementation of the Transparency Directive.
3. Full name of person(s) subject to the notification obligation (iii):
BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme. See Section 9 for further information.
4. Full name of shareholder(s) (if different from 3.) (iv):
N/A
5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v):
Position held on 20 January 2007
6. Date on which issuer notified:
06 March 2007
7. Threshold(s) that is/are crossed or reached:
13%8. Notified details:¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦..
A: Voting rights attached to shares
Class/type of shares if Situation previous to the Triggering transaction possible using the ISIN (vi) CODE Number of shares Number of voting Rights Ordinary 1p shares (viii) GB0001883718 5,225,125 5,225,125
Resulting situation after the triggering transaction (vii)
Class/type of Number of shares Number of voting rights % of voting rightsshares if possible (ix) using the ISIN CODE Direct Direct Indirect (xi) Direct Indirect Ordinary 1p Shares (x)
GB0001883718 1,099,009 1,099,009 4,126,116 2.771% 10.402%
B: Financial Instruments
Resulting situation after the triggering transaction (xii)
Type of Expiration Date Exercise/ Number of voting % of voting financial (xiii) Conversion Period rights that may be rights instrument / Date (xiv) acquired if the instrument is exercised/ converted. Total (A+B)Number of voting % of voting rights rights 5,225,125 13.173%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):
BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund Trustees Limited, which is the parent undertaking of Hermes Pensions Management Limited. Hermes Pensions Management Limited is the parent undertaking of:
1. Hermes Investment Management Limited (voting rights held in this issuer:
5.277%)
2. Hermes Focus Asset Management Limited (voting rights held in this issuer:
7.896%)
Please see Section 13 for further information.
Proxy Voting:10. Name of the proxy holder:See Comment in Section 13.
11. Number of voting rights proxy holder will cease to hold:
See Comment in Section 13
12. Date on which proxy holder will cease to hold voting rights:
See Comment in Section 13
13. Additional information:
Hermes Investment Management Limited hold the voting rights under a standing proxy contained in investment management agreements with various underlying clients, which includes all the shares owned directly by BT Pension Scheme.
Hermes Focus Asset Management Limited hold the voting rights as General Partner under a standing proxy contained in limited partnership agreements with various limited partnerships.
All voting rights held on behalf of the above entities are aggregated for the purposes of DTR 5.2.1(a) and disclosed pursuant to DTR 5.1.5.
This disclosure is made by BT Pension Scheme Trustees Limited, which is the ultimate parent undertaking for the purposes of DTR 5.2.1(e).
14. Contact name:
Margaret Moss / Valerie Davidson
15. Contact telephone number:
020 7680 2125 / 020 7680 2177
ANNEX TO NOTIFICATION OF MAJOR INTERESTS IN SHARES
A: Identity of the person of legal entity subject to the notification obligation
Full name (including legal form for Bt Pension Scheme Trustees Limited as legal entities)
trustee of the BT Pension Scheme and Hermes Pensions Management Limited
Contact address (registered office for Lloyds Chambers, 1 Portsoken Street, legal entities)
London E1 8HZ Phone number 020 7702 0888
Other useful information (at least Bt Pension Scheme Trustees Limited is legal
the parent undertaking of the group of companies subject to the notification Representative for legal persons) obligation as indirect holders of voting rights for the purpose of DTR 5.2.1(a) and 5.2.1(e). B: Identity of the notifier, if applicable
Full name Hermes Investment Management Limited as agents for BT Pension Scheme Trustees Limited Contact address Lloyds Chambers, 1 Portsoken Street, London E1 8HZ Phone number 020 7680 2125 / 020 7680 2177
Other useful information (e.g. Hermes Investment Management Limited functional
acts as investment manager and agent on behalf of BT Pension Scheme Trustees Relationship with the person or legal Limited entity subject to the notification obligation) C: Additional information Please contact Margaret Moss on the above number for further information.
CHARLES TAYLOR CONSULTING PLC