Pebble Beach Regulatory News (PEB)

11 Dec 2008 13:00



Vislink plc

Holdings in Company

11 December 2008

In conformity with the Transparency Directive Vislink plc ("Vislink") is required to announce to the market the receipt of notifications of major interests in shares.

Vislink received notice on 10 December 2008 in accordance with the Disclosure and Transparency Rules that BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme has a notifiable indirect interest in 11,865,997 ordinary shares of 2.5pence each in Vislink plc, being 8.56% of the issued ordinary share capital of Vislink. Details of the notification are given below.

This is the first of four announcements in which it is disclosed that the direct holding in respect of these shares have been subject to inter specie transfers.

James Trumper - Company Secretary 

Telephone: 01488 685500

FINANCIAL SERVICES AUTHORITY

TR-1 : NOTIFICATION OF MAJOR INTERESTS IN SHARES 

Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached :

Vislink plc

2. Reason for the notification (please tick the appropriate box or boxes):

3.Full name of person(s) subject to the notification obligation :

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.) :

N/A.

5. Date of the transaction (and date on which the threshold is crossed or reached if different) : N/a.

6. Date on which issuer notified: 10 December 2008.

7. Threshold(s) that is/are crossed or reached: 8%.

  8. Notified details:

A: Voting rights attached to shares

B: Financial Instruments

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 Fund Managers Limited is the parent undertaking of:

Hermes Equity Ownership Services Limited (voting rights held in this issuer: 8.561%)

Hermes Investment Management Limited (voting rights held in this issuer: 0%

Proxy Voting:

10. Name of the proxy holder: See 13.

11. Number of voting rights proxy holder will cease to hold: See 13 

12. Date on which proxy holder will cease to hold voting rights: See 13.

13. Additional information: 

Hermes Equity Ownership Services Limited hold the voting rights under a standing proxy contained in agreements for the provision of voting services to various underlying clients for the purposes of DTR 5.2.1(h), which includes all the shares owned directly by BT Pension Scheme.

Hermes Investment Management Limited hold the voting rights under a standing proxy contained in investment management agreements with various underlying clients for the purposes of DTR 5.2.1(h).

All voting rights held on behalf of the above entities are aggregated for the purposes of DTR 5.2.1(e). 

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: n/a

15. Contact telephone number: n/a