Last checked at 22 Dec 2009 09:58
Letter to Acal PLC Dated 21 December, 2009
DISCLOSURE RULES AND TRANSPARANCY RULES SOURCEBOOK
Disclosure of Interest in the Voting Rights of Shares
Please find below Form TR-1 which discloses Aberforth Partners LLP's interest in 4,450,000 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 750,000 shares although we do not have access to the voting rights of these shares, Aberforth Partners LLP is, therefore, interested in a total of 5,200,000 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.
Pauline M Robson For Aberforth Partners LLP
| 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 |
| |
| 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 | Yes | |
| Other (please specify): |
|
|
| 3. Full name of person(s) subject to the notification obligation: | Aberforth Partners LLP |
| 4. Full name of shareholder(s) (if different from 3.): | Shareholder Shares 1. Aberforth Smaller Companies Trust plc 2,498,650 2. Aberforth UK Small Companies Fund 1,098,950 3. The Church Commissioners for England 467,200 4. Aberforth Geared Capital & Income Trust plc 385,200 1,2,4 = registered in the name of Nortrust Nominees Ltd A/c Aberfrth 3 = The Church Commissioners for England (Chase GIS) Nominees Ltd |
| 5. Date of the transaction and date on which the threshold is crossed or reached: | 18/12/2009 |
| 6. Date on which issuer notified: | 21/12/2009 |
| 7. Threshold(s) that is/are crossed or reached: | 16% |
| 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 | |||
| Ordinary | 4,450,000 | 4,450,000 | 4,450,000 | N/A | 4,450,000 | N/A | 15.66 |
| GB0000055888 | |||||||
| B: Qualifying Financial Instruments | ||||
| Resulting situation after the triggering transaction | ||||
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | 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 |
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||
| Resulting situation after the triggering transaction | ||||||
| Type of financial instrument | Exercise price | Expiration date | Exercise/ Conversion period | Number of voting rights instrument refers 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 |
| 4,450,000 | 15.66 |
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
|
|
| 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: | Percentage change due to change in total voting rights |
| 14. Contact name: | Pauline Robson, Aberforth Partners LLP |
| 15. Contact telephone number: | 0131 220 0733 |