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The following announcement is made in accordance with DTR 5 |
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
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1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached: ii |
BGEO GROUP PLC |
2 Reason for the notification (please tick the appropriate box or boxes): |
An acquisition or disposal of voting rights |
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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 |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
Initial baseline disclosure in line with UK implementation of the Amended Transparency Directive. Prior to 26/11/2015, due to the 5% exemption applied to asset managers, there was no requirement on Frank Russell Company ("FRC") to make a notification of its holdings in the above issuer. Subsequent to 26/11/2015, in line with FCA guidance contained in FCA Policy Statement PS15/26, FRC has reconsidered its holdings and made a voluntary disclosure of interests held in the above issuer. The disclosure is not being made in respect of change in voting rights. The original notification was made to the issuer and to the FCA on 23 December 2015. FRC have been advised that this was received by the issuer on 29 December. This replacement notification has been made to provide clarity. |
X |
3. Full name of person(s) subject to the
notification obligation: iii |
FRANK RUSSELL COMPANY |
4. Full name of shareholder(s)
(if different from 3.):iv |
STATE STREET BANK & TRUST CO. (as custodian) |
5. Date of the transaction and date on
which the threshold is crossed or
reached: v |
No transaction date - please see explanation in 2 above |
6. Date on which issuer notified: |
Initial notification sent to issuer on 29th December 2015; Date of replacement notification - 7th January 2016 |
7. Threshold(s) that is/are crossed or
reached: vi, vii |
3% threshold. Please see explanation in 2 above |
8. Notified details: |
A: Voting rights attached to shares viii, ix |
Class/type of
shares
if possible using
the ISIN CODE
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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 |
GB00B759CR16 |
1,391,322 |
1,391,322 |
0 |
0 |
1,391,322 |
0 |
3.52% |
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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 |
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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 |
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Nominal |
Delta |
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Total (A+B+C) |
Number of voting rights |
Percentage of voting rights |
1,391,322 |
3.52% |
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi |
FRANK RUSSELL COMPANY |
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Proxy Voting: |
10. Name of the proxy holder: |
Glass Lewis & Co |
11. Number of voting rights proxy holder will cease
to hold: |
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12. Date on which proxy holder will cease to hold
voting rights: |
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13. Additional information:
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The shares in section 8 of this disclosure are common stock to which voting rights are attached and are held in portfolios and funds managed on a discretionary basis by entities within Frank Russell Company |
14. Contact name: |
Mark Smith, Director, EMEA Compliance |
15. Contact telephone number: |
+44 20 7024 6384 |
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