Holding(s) in Company

RNS Number : 0200G

Morgan Crucible Co PLC

22 January 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	Yes

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:	21 January 2010
6. Date on which issuer notified:	22 January 2010
7. Threshold(s) that is/are crossed or reached:	3%

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	10,843,519	10,843,519	N/A	N/A	10,780,464	N/A	3.990%
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
10,780,464	3.990%

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

BT Pension Fund Trustees Limited, as trustee of the BT Pension Scheme ('BTPS'), is the parent undertaking of Britel Fund Nominees Limited and Britel Fund Trustees Limited, which is the parent undertaking of Hermes Fund Managers Limited ('HFML').  HFML is the parent undertaking of: Hermes Equity Ownership Services Limited ('HEOS') (voting rights:  3.990%) This notification is also being made in respect of HEOS, which is an indirect holder of shares for the purpose of DTR 5.2.1(h). The voting rights include the following: (i) all of the voting rights of the underlying clients of HEOS for whom it provides voting services; (ii) all of the voting rights attaching to the direct shareholding of BTPS; (iii) all of the voting rights attaching to shares managed by HIML; and (iv) the voting rights attaching to the direct shareholding of BTPS that are managed by HSL. Please see Section 13 for further information.

Proxy Voting:
10. Name of the proxy holder:	See comment in Section 13.
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:	HEOS 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 of the shares owned directly by BTPS, all of the voting rights attaching to shares managed by HIML and the voting rights attaching to the direct shareholding of BTPS that are managed by HSL. 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 as trustee of the BT Pension Scheme, 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

TR-1: Notification of Major Interests 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 notification (yes/no)
An acquisition or disposal of voting rights
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):  Proxy Voting			Yes
3. Full name of person(s) subject to 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 transaction (and date on which the threshold is crossed or reached if different):	15 January 2010
6. Date on which issuer notified:	18 January 2010
7. Threshold(s) that is/are crossed or reached:	4%

8: Notified Details
A: Voting rights attached to shares
Class/type of shares If possible use 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			Percentage of voting rights
					Direct		Indirect	Direct	Indirect
GB0006027295	944,364		944,364	0		0	10,843,519	0%	4.013%

B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ conversion period/date	No. of voting rights that may be acquired (if the instrument exercised/converted)	Percentage of voting rights

Total (A+B)
Number of voting rights	Percentage of voting rights
10,843,519	4.013%

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

BT Pension Fund Trustees Limited is the parent undertaking of Britel Fund Trustees Limited, which is the parent undertaking of Hermes Pensions Management Limited. Hermes Pensions Management Limited is the parent undertaking of: Hermes Investment Management Limited (voting rights held in this issuer: 0.00%) Hermes Equity Ownership Services Limited (voting rights held in this issuer: 4.013%) Please see Section 13 for further information.

Proxy Voting:
10. Name of proxy holder:	See comment in Section 13.
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 hold the voting rights under a standing proxy contained in services agreements for the provision of corporate governance services to various underlying clients. Hermes Investment Management Limited hold the voting rights under a standing proxy contained in investment management agreements with various underlying clients, which includes all the shares owned directly by BT Pension Scheme. 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 name:	01753 837000

 

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