VIN.L Regulatory News (VIN)

30 Jan 2007 17:53

Value & Income Trust plc30 January 2007 APPENDIX 3 TR-1i: NOTIFICATION OF MAJOR INTERESTS IN SHARES (1). Identity of the issuer or the underlying issuer of existing shares towhich voting rights are attached (ii): Value and Income Trust plc 2. Reason for the notification (please state Yes/No): An acquisition or disposal of voting rights: Yes An acquisition or disposal of financial instruments which may result in theacquisition of shares already issued to which voting rights are attached: n/a An event changing the breakdown of voting rights: n/a Other: n/a 3. Full name of person(s) subject to the notification obligation (iii): Matthew Oakeshott 4. Full name of shareholder(s) (if different from 3.) (iv): Matthew Alan Oakeshott Pippa Oakeshott AIL Pension Scheme (of which Mr Oakeshott is the sole beneficiary) 5. Date of the transaction and date on which the threshold is crossed orreached (v): 26 January 2007 6. Date on which issuer notified: 30 January 2007 7. Threshold(s) that is/are crossed or reached: 8% 8. Notified details: n/a A: Voting rights attached to shares Class/type of shares if possible Situation previous to the Resulting situation after theusing the ISIN CODE Triggering transaction (vi) triggering transaction (vi)Ordinary 10 pence shares 3,076,860 n/a Resulting situation after the triggering transaction (vii) Class/type of shares if Number of shares Number of voting rights (ix) % of voting rightspossible using the ISIN CODEOrdinary shares 4,039,860 Direct (x) Indirect (xi) Direct Indirect 4,039,860 n/a 8.87 n/a B: Financial Instruments Resulting situation after the triggering transaction (xii) Type of Expiration Date Exercise/Conversion Number of voting rights % of voting rightsfinancial (xiii) Period/ Date (xiv) that may be acquired if theinstrument instrument is exercised/ converted.n/a n/a n/a n/a n/a Total (A+B) Number of voting rights % of voting rights 4,039,860 8.87 9. Chain of controlled undertakings through which the voting rights and/orthe financial instruments are effectively held, if applicable (xv): Matthew Oakeshott, Pippa Oakeshott (spouse) and AIL Pension Scheme (of whichMatthew Oakeshott is sole beneficiary) - all effectively held by MatthewOakeshott 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: n/a 14. Contact name: Stuart Reid, Edinburgh Fund Managers, Secretary 15. Contact telephone number: 0131 313 6402. Annex to Notification of Major Interests In Shares (XVI) A: Identity of the person or legal entity subject to the notification obligation Full name (including legal form for legal entities): Matthew Alan Oakeshott Contact address (registered office for legal entities): OLIM Limited, Pollen House, 10-12 Cork Street, London, W1S 3NP Phone number: 0207 439 4400 Other useful information (at least legal representative for legal persons): Matthew Alan Oakeshott is a director of OLIM Ltd and an investment manager ofValue and Income Trust PLC. B: Identity of the notifier, if applicable (xvii) Full name: As above. Contact address: Phone number: Other useful information (e.g. functional relationship with the person or legalentity subject to the notification obligation): C: Additional information: Notes to the Forms (i) This form is to be sent to the issuer or underlying issuer and to befiled with the competent authority. (ii) Either the full name of the legal entity or another method foridentifying the issuer or underlying issuer, provided it is reliable andaccurate. (iii) This should be the full name of (a) the shareholder; (b) the personacquiring, disposing of or exercising voting rights in the cases provided for inDTR5.2.1 (b) to (h); (c) all the parties to the agreement referred to inDTR5.2.1 (a), or (d) the direct or indirect holder of financial instrumentsentitled to acquire shares already issued to which voting rights are attached,as appropriate. In relation to the transactions referred to in points DTR5.2.1 (b) to (h), thefollowing list is provided as indication of the persons who should be mentioned: - in the circumstances foreseen in DTR5.2.1 (b), the person that acquiresthe voting rights and is entitled to exercise them under the agreement and thenatural person or legal entity who is transferring temporarily for considerationthe voting rights; - in the circumstances foreseen in DTR 5.2.1 (c), the person holding thecollateral, provided the person or entity controls the voting rights anddeclares its intention of exercising them, and person lodging the collateralunder these conditions; - in the circumstances foreseen in DTR5.2.1(d), the person who has a lifeinterest in shares if that person is entitled to exercise the voting rightsattached to the shares and the person who is disposing of the voting rights whenthe life interest is created; - in the circumstances foreseen in DTR5.2.1 (e), the parent undertaking and,provided it has a notification duty at an individual level under DTR 5.1, underDTR5.2.1 (a) to (d) or under a combination of any of those situations, thecontrolled undertaking; - in the circumstances foreseen in DTR5.2.1 (f), the deposit taker of theshares, if he can exercise the voting rights attached to the shares depositedwith him at his discretion, and the depositor of the shares allowing the deposittaker to exercise the voting rights at his discretion; - in the circumstances foreseen in DTR5.2.1 (g), the person that controlsthe voting rights; - in the circumstances foreseen in DTR5.2.1 (h), the proxy holder, if he canexercise the voting rights at his discretion, and the shareholder who has givenhis proxy to the proxy holder allowing the latter to exercise the voting rightsat his discretion. (iv) Applicable in the cases provided for in DTR 5.2.1 (b) to (h). Thisshould be the full name of the shareholder who is the counterparty to thenatural person or legal entity referred to in DTR5.2. (v) The date of the transaction should normally be, in the case of an onexchange transaction, the date on which the matching of orders occurs; in thecase of an off exchange transaction, date of the entering into an agreement. The date on which threshold is crossed should normally be the dateon which the acquisition, disposal or possibility to exercise voting rightstakes effect (see DTR 5.1.1R (3)). For passive crossings, the date when thecorporate event took effect. (vi) Please refer to the situation disclosed in the previousnotification, In case the situation previous to the triggering transaction wasbelow 3%, please state 'below 3%'. (vii) If the holding has fallen below the minimum threshold, the notifyingparty should not be obliged to disclose the extent of the holding, only that thenew holding is less than 3%. For the case provided for in DTR5.2.1(a), there should be nodisclosure of individual holdings per party to the agreement unless a partyindividually crosses or reaches an Article 9 threshold. This applies uponentering into, introducing changes to or terminating an agreement. (viii) Direct and indirect (ix) In case of combined holdings of shares with voting rights attached 'direct holding' and voting rights 'indirect holdings', please split the votingrights number and percentage into the direct and indirect columns-if there is nocombined holdings, please leave the relevant box blank. (x) Voting rights to shares in respect of which the notifying party is adirect shareholder (DTR 5.1) (xi) Voting rights held by the notifying party as an indirectshareholder (DTR 5.2.1) (xii) If the holding has fallen below the minimum threshold, the notifyingparty should not be obliged to disclose the extent of the holding, only that thenew holding is below 3%. (xiii) date of maturity / expiration of the finical instrument i.e. the datewhen the right to acquire shares ends. (xiv) If the financial instrument has such a period-please specify theperiod- for example once every three months starting from the (date) (xv) The notification should include the name(s) of the controlledundertakings through which the voting rights are held. The notification shouldalso include the amount of voting rights and the percentage held by eachcontrolled undertaking, insofar as individually the controlled undertaking holds5% or more, and insofar as the notification by the parent undertaking isintended to cover the notification obligations of the controlled undertaking. (xvi ) This annex is only to be filed with the competent authority. (xvii) Whenever another person makes the notification on behalf of theshareholder or the natural person/legal entity referred to in DTR5.2 and DTR5.3 This information is provided by RNS The company news service from the London Stock Exchange