REG - Carillion PLC - Holding(s) in Company <Origin Href="QuoteRef">CLLN.L</Origin>

CarillionAnnouncement

20/02/2015 13:11

RNS Number : 4970F
Carillion PLC
20 February 2015



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:ii
Carillion 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:iii
Kiltearn Partners LLP
4. Full name of shareholder(s)
(if different from 3.):iv
The Kiltearn Global Equity Fund
The Kiltearn Global Equity (SRI) Fund
The Kiltearn Global Equity (Ireland) Fund
Separate Accounts c/o Kiltearn Partners LLP
5. Date of the transaction and date on
which the threshold is crossed or
reached:v
18th February 2015
6. Date on which issuer notified:
20th February 2015
7. Threshold(s) that is/are crossed or
reached: vi, vii
5%


8. Notified details:
A: Voting rights attached to sharesviii, ix
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
GB0007365546
21,196,902
21,196,902


21,544,350

5.01%


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
N/A
N/A
N/A
N/A
N/A

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
N/A
N/A
N/A
N/A
N/A
Nominal
Delta
N/A
N/A

Total (A+B+C)
Number of voting rights
Percentage of voting rights
21,544,350
5.01%


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

Proxy Voting:
10. Name of the proxy holder:
Kiltearn Partners LLP
11. Number of voting rights proxy holder will ceaseto hold:
N/A
12. Date on which proxy holder will cease to holdvoting rights:
N/A


13. Additional information:

Kiltearn Partners LLP ("Kiltearn") acts as an investment manager for the clients detailed in question 4 above (our "Clients"). In acting for our Clients, Kiltearn are given full discretion over their investments. However, we do not act as our Client's custodian and therefore shares are not held in our name but in the name of each Client's custodian bank.
The increase in holdings of Carillion PLC was a result of a new investor contributing US$100 million to a transition account in the Kiltearn Global Equity Fund ("US Fund"). A transition account is a separate sub-account within the US Fund's general legal structure. The transition account structure allows Kiltearn to invest cash contributions outside the US Fund's direct assets (and therefore minimizing market impact and liquidity risk from artificially high cash levels being passed to existing investors). 
In this instance, as is the case for all transition accounts, the cash contributed by the Investor into the transition account was used to purchase securities that substantially replicated the weighting of the same securities held in the US Fund's main portfolio. As a result, Kiltearn caused the transition account to purchase an additional 347,448 shares in Carillion PLC.
14. Contact name:
Robert McGinty, Compliance & Risk Management
15. Contact telephone number:
0131 460 1039

This information is provided by RNS
The company news service from the London Stock Exchange
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