Last checked at 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):
| An acquisition or disposal of voting rights | [ X] |
| 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): | [ ] |
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
| 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 Direct | Number of Voting Rights | % of voting rights | |||
| Direct | Indirect | Direct | Indirect | ||||
| 0148289 ORD GBP0.025 GB0001482891 | 11,865,997 | 11,865,997 | 0 | 0 | 11,865,997 | 0% | 8.561% |
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 | n/a | n/a | n/a | n/a |
| Total (A+B) | |
| Number of voting rights | % of voting rights |
| 11,865,997 | 8.561% |
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