Holding(s) in Company

RNS Number : 6116X

De La Rue PLC

08 December 2010

 



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:

De La Rue 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 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):

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

Baring Asset Management Limited ("BAM") OppenheimerFunds, Inc. ("OFI")

4. Full name of shareholder(s)  (if different from 3.):

5. Date of the transaction and date on which the threshold is crossed or reached:

6 December 2010

6. Date on which issuer notified:

7 December 2010

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

3% (BAM independently fell below the 4% threshold to 3.8063%; Aggregate position remains above the 6% reporting threshold at 6.134%)

8. Notified details:  De La Rue Plc

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B3DGH821

4,135,210 (BAM) 2,113,747 (OFI) 6,248,957 (Total)

4,135,210 (BAM) 2,113,747  (OFI) 6,248,957 (Total)

3,769,496 (BAM) 2,305,175  (OFI) 6,074,671 (Total)

3,769,496 (BAM) 2,305,175 (OFI) 6,074,671 (Total)

3.8063% (BAM)  2.3277% (OFI)  6.1340% (Total)

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

3,769,496 (BAM) 2,305,175 (OFI) 6,074,671 (Total)

3.8063% (BAM) 2.3277% (OFI) 6.1340% (Total)

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The percentage of holdings noted above is based on total outstanding shares of 99,032,374. Massachusetts Mutual Life Insurance Company is the parent company of Baring Asset Management Limited ("BAM") and OppenheimerFunds, Inc. ("OFI").
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:	Rosemary Baker, Massachusetts Mutual Life Insurance Company
15. Contact telephone number:	001(413) 744-8258

Edward Peppiatt

Company Secretary

01256 605343

8 December 2010

 

END

 

 

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