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Holding(s) in Company

RNS Announcement

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	18^th February 2015
6. Date on which issuer notified:	20^th February 2015
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	5%

8. Notified details:

A: Voting rights attached to shares ^{viii, 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

21,544,350

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

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

Nominal

Delta

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 cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting 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

END

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RNS metadata

Title: Holding(s) in Company
Time: 13:08:00
Date: 20 Feb 2015
Category: Holding(s) in company
ID: 4970F