TR-1: Notifications of Major Interests in Shares |
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1: Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
Speedy Hire PLC |
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2: Reason for notification (yes/no) |
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An acquisition or disposal of voting rights |
Yes |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
No |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
No |
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An event changing the breakdown of voting rights |
No |
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Other (please specify): |
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No |
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3. Full name of person(s) subject to the notification obligation: |
Hermes Equity Ownership Services Limited and Hermes Focus Asset Management Limited |
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4. Full name of shareholder(s) (if different from 3.): |
Shares are held by the relevant custodian(s) |
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5. Date of the transaction (and date on which the threshold is crossed or reached): |
20/07/2012 |
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6. Date on which issuer notified: |
23/07/2012 |
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7. Threshold(s) that is/are crossed or reached: |
From 4% to 2% |
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8: Notified Details |
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A: Voting rights attached to shares |
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Class/type of share If possible use ISIN code |
GB0000163088 |
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Situation previous to the triggering transaction |
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Number of shares |
Number of voting rights |
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23,568,838 |
23,568,838 |
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Resulting situation after the triggering transaction |
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Number of shares |
Number of voting rights |
Percentage of |
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Direct |
Indirect |
Direct |
Indirect |
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N/A |
N/A |
11,568,838 |
N/A |
2.23664% |
B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial instrument |
Expiration date |
Exercise/ conversion period/date |
No. of voting rights that may be acquired |
Percentage of voting rights |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments |
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Resulting situation after the triggering transaction
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Type of financial |
Exercise |
Expiration |
Exercise/ |
Number of voting |
% of voting rights
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Nominal |
Delta |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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11,568,838 |
2.23664% |
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9. Chain of controlled undertakings through which the voting rights and/or the |
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BT Pension Scheme Trustees Limited, as a 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 0.03332%)*
2. Hermes Focus Asset Management Limited ("HFAM") as General Partner of the following limited partnerships:
a. Hermes UK Specialist Focus Fund ("HUKSFF") (voting rights 2.20331%)**
* 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.
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Proxy Voting:
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10. Name of the proxy holder:
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See comment in Section 9 |
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11. Number of voting rights proxy holder will cease to hold:
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See comment in Section 9 |
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12. Date on which proxy holder will cease to hold voting rights:
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See comment in Section 9 |
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13. Additional information:
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14. Contact name:
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James Blair |
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15. Contact telephone number:
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01942 327206 |