Holding(s) in Company

RNS Number : 5052T

Morgan Crucible Co PLC

29 September 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:

The Morgan Crucible Company 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
Other (please specify):	Proxy Voting	X

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.):	Hermes Equity Ownership Services Limited
5. Date of the transaction and date on which the threshold is crossed or reached:	27 September 2010
6. Date on which issuer notified:	28 September 2010
7. Threshold(s) that is/are crossed or reached:	2%

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
0602729	8,660,716	8,660,716	0	0	7,260,716	0%	2.668%
GB0006027295

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

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
					Nominal	Delta

Total (A+B+C)
Number of voting rights	Percentage of voting rights
7,260,716	2.668%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund Trustees Limited, which is the parent undertaking of Hermes Fund Management Limited.  Hermes Fund Management Limited is the parent undertaking of: Hermes Equity Ownership Services Limited ('HEOS') (voting rights:  2.668%) Please see Section 13 for further information.

Proxy Voting:
10. Name of the proxy holder:	Hermes Equity Ownership Services Limited
11. Number of voting rights proxy holder will cease to hold:	See comment in Section 13.
12. Date on which proxy holder will cease to hold voting rights:	See comment in Section 13.

13. Additional information:	Hermes Equity Ownership Services Limited holds the voting rights under a standing proxy contained in services agreements for the provision of corporate governance services to various underlying clients. All voting rights held on behalf of the above entities are aggregated for the purposes of DTR 5.2.1(a).  The aggregation is made at the lower threshold of 3% and above because Hermes Equity Ownership Services Limited does not manage investments for the purposes of the investment manager exemption contained in DTR 5.1.5. 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:	Tracey Bigmore
15. Contact telephone number:	01753 837000

 

END

 

 

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