Last checked at 1 Feb 2011 15:22
Letter to Acal PLC
Please find attached a Form TR-1 which discloses Aberforth Partners LLP's interest in 3,952,500 of the voting shares of Acal PLC as required under the Disclosure Rules and Transparency Rules Sourcebook of the FSA Handbook.
In addition, Aberforth Partners LLP is interested in a further 1,165,700 shares although we do not have access to the voting rights of these shares. Aberforth Partners LLP is, therefore, interested in a total of 5,118,200 shares of the above company. This interest arises as a result of the discretionary investment management powers that we can exercise over the funds of our clients. Aberforth Partners LLP is not the beneficial owner of these shares.
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: |
Acal PLC |
2 Reason for the notification (please tick the appropriate box or boxes): | ||
An acquisition or disposal of voting rights | YES | |
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | ||
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | ||
An event changing the breakdown of voting rights | ||
Other (please specify): | Aberforth Partners LLP | |
3. Full name of person(s) subject to the notification obligation:
| Aberforth Partners LLP | |||||||||||||||
4. Full name of shareholder(s) (if different from 3.):
|
All shares are registered in the name of Nortrust Nominees Ltd A/c Aberfrth | |||||||||||||||
5. Date of the transaction and date on which the threshold is crossed or reached:
| 31/01/2011 | |||||||||||||||
6. Date on which issuer notified:
| 01/02/2011 | |||||||||||||||
7. Threshold(s) that is/are crossed or reached:
| 14% |
8. Notified details: | |||||||
A: Voting rights attached to shares
| |||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights | |||
| Direct | Indirect | Direct | Indirect | |||
Ordinary | 3,988,500 | 3,988,500 | 3,952,500 | N/A | 3,952,500 | N/A | 13.91 |
GB0000055888
| |||||||
B: Qualifying Financial Instruments | ||||
Resulting situation after the triggering transaction
| ||||
Type of financialinstrument | Expirationdate | Exercise/ConversionPeriod | Number of votingrights that may beacquired if theinstrument isexercised/ converted.
| % of votingrights |
N/A | N/A | N/A | N/A | N/A |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||
Resulting situation after the triggering transaction
| ||||||
Type of financialinstrument | Exerciseprice | Expirationdate | Exercise/Conversionperiod | Number of votingrights instrumentrefers to | % of voting rights
| |
N/A | N/A | N/A | N/A | N/A | Nominal | Delta
|
N/A | N/A | |||||
Total (A+B+C)
| |
Number of voting rights | Percentage of voting rights |
3,952,500 | 13.91 |
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: |
Held by Aberforth Partners LLP |
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:
| |
14. Contact name:
| Pauline Robson, Aberforth Partners LLP |
15. Contact telephone number:
| 0131 220 0733 |