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IMI PLC (IMI)

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Tuesday 25 October, 2011

IMI PLC

Holding(s) in Company

RNS Number : 7900Q
IMI PLC
25 October 2011
 

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

 

1.      Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

 

         IMI plc

 

2.      Reason for the notification: (please place an X inside the appropriate bracket/s)

 

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:

 

         Hermes Equity Ownership Services Limited and Hermes Focus Asset Management Limited. See Section 9 for further information.

 

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

 

         Shares are held by the relevant custodian(s).

        

5.      Date of the transaction: (and date on which the threshold Is crossed or reached)

 

         24 October 2011

 

6.      Date on which issuer notified:

 

         25 October 2011

 

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 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

0457963

GB0004579636

N/A

N/A

N/A

N/A

9,609,771

N/A

 

2.99313%

 

 

 

 

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

 

 

9,609,771

2.99313%

                                                             

 

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, as trustee of the BT Pension Scheme ("BTPS") controls Britel Fund Trustees Limited, which is the parent undertaking of Hermes Fund Managers Limited ("HFML"). HFML is the parent undertaking of:

 

1.       Hermes Equity Ownership Services Limited ("HEOS") (voting rights; 1.75403%)*

 

2.       Hermes Focus Asset Management Limited ("HFAM") as General Partner of the following limited partnerships:

 

                        a.    Hermes UK Specialist Focus Fund ("HUKSFF") (voting rights: 0.08903%)**

                        b.    Hermes European Focus Fund ("HEFF") (voting rights: 1.15008%)***

 

* This notification is being made in respect of HEOS, which is an indirect holder of shares for the purpose of DTR 5.2.1(h), as a result of control of voting rights in relation to such shares.

 

** HUKSFF has two general partners; Hermes Investment Management Limited and HFAM.  Under the limited partnership agreement for HUKSFF the voting obligations are exercised by HFAM.

 

*** HEFF has two general partners; HFAM and Hermes Focus Asset Management Europe Limited ("HFAME"). Under a business transfer agreement between HFAM and HFAME ("BTA"), HFAME has delegated the voting obligations to HFAM.

 

 

 

Proxy Voting:

 

10.    Name of the proxy holder:

        

         See comment in Section 9.

 

11.    Number of voting rights proxy holder will cease to hold:

 

         See comment in Section 9.

 

12.    Date on which proxy holder will cease to hold voting rights:

 

         See comment in Section 9.

 

13.    Additional information:

 

 

14.    Contact name:

 

         H Afford - Corporate Counsel

 

15.    Contact telephone number:

 

         0121 717 3700

 

END


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