The cash-settled options are legally owned by YCL. YCL is, in turn, wholly owned by HHSM. The triggering event is an increase in the total voting rights deemed to be held by YCL under the cash-settled options (pursuant to DTR 5.3.1R) to 14,055,722. Accordingly, as a result of the triggering event, YCL is deemed to hold directly, and HHSM is deemed to hold indirectly, 0.109% of the voting rights in Barclays PLC through YCL's total holding of cash-settled options. For the avoidance of doubt, YCL has no right to acquire or exercise any voting rights in Barclays PLC. The indirect holding by HHSM of the cash-settled options, when aggregated with HHSM's pre-existing indirect holding of ordinary shares (which has been the subject of previous notifications), is now more than the 6% threshold for voting rights that is notifiable by HHSM pursuant to DTR 5.1.2R. |