Holding(s) in Company

RNS Number : 2049K

TV Commerce Holdings PLC

16 December 2008

 

TV COMMERCE HOLDINGS PLC

HOLDING(S) IN COMPANY

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:		TV Commerce Holdings Plc
2. Reason for notification (yes/no)
An acquisition or disposal of voting rights			Yes
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 notification obligation:	Allianz SE
4. Full name of shareholder(s) (if different from 3):	Allianz Global Investors AG Allianz Insurance plc
5. Date of transaction (and date on which the threshold is crossed or reached if different):	15 December 2008
6. Date on which issuer notified:	16 December 2008
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
Ordinary Shares GB00B05MCJ34			58,333,333	58,333,333		4.41%

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
N/A

Total (A+B)
Number of voting rights	Percentage of voting rights
58,333,333	4.41%

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

Allianz Global Investors AG is a wholly-owned subsidiary of Allianz SE.   Allianz Insurance plc is a subsidiary of Allianz SE. Allianz SE is the ultimate holding company of Allianz Holdings plc which is a holding company of Allianz Insurance Plc. The shares in Allianz Holdings Plc are held by Allianz UK Limited, which is a 66.7% owned subsidiary of Allianz Europe Limited ('Allianz Europe'). The other 33.3% of shares in Allianz UK Limited are owned by Allianz Liebensversicherungs GmbH, which is itself an indirect subsidiary of Allianz SE. Allianz Europe is an 85% owned subsidiary of AZ-Argos 10 Vermogensverwaltungsgesellschaft GmbH which in its turn is a wholly owned subsidiary of Allianz SE. Allianz SE is also the owner of the other 15% of Allianz Europe.

Proxy Voting:
10. Name of 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:	This disclosure is based upon Allianz UK participation in the recent placing of 58,333,333 shares admitted to trading on 15 December 2008.
14 Contact name:	Dresdner Kleinwort Media Relations Team
15. Contact telephone number:	020 7623 8000

 

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