Last checked at 9 Jun 2008 15:34
TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES
(1). Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Wolseley plc
2. Reason for the notification (please state Yes/No): ( )
An acquisition or disposal of voting rights: (YES)
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
An event changing the breakdown of voting rights: (YES)
Other (please specify) : ( )
3. Full name of person(s) subject to the notification obligation:
Baillie Gifford & Co
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
20 May 2008
6. Date on which issuer notified:
6 June 2008
7. Threshold(s) that is/are crossed or reached:
FALLEN BELOW 5%
8. Notified details:
A: Voting rights attached to shares
Class/type of shares Situation previous to
if possible using the the Triggering
ISIN CODE transaction
Number of shares Number of voting Rights
0976402
ORD 25P 38,382,836 38,382,836
Resulting situation after the triggering transaction
Number of Number of voting rights % of voting rights
shares Direct Indirect Direct Indirect
Below 5% Below 5% Below 5%
B: Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Exercise No. of voting % of voting
financial Date conversion rights that may rights
instrument Period/Date be acquired (if
the instrument is
exercised/converted)
Total (A+B)
Number of voting rights % of voting rights
Below 5% Below 5%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
In the narrative below, the figures in [ ] indicate the amount of voting rights and the percentage held by each controlled undertaking where relevant.
Baillie Gifford & Co, a discretionary investment manager, is the parent undertaking of an investment management group.
Its wholly-owned subsidiary undertaking Baillie Gifford Overseas Limited [4048595; 0.6%] is also a discretionary investment manager.
Its wholly-owned subsidiary undertaking Baillie Gifford & Co Limited [838778; 0.1%] is an OEIC Authorised Corporate Director and Unit Trust Manager which has delegated its discretionary investment management role to Baillie Gifford & Co.
Its wholly-owned subsidiary undertaking Baillie Gifford Life Limited [6213922; 0.9%] is a life assurance company which procures discretionary investment management services from Baillie Gifford & Co in respect of its own account shareholdings.
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
We were appointed by a client to manage additional assets for them and during the take on we clarified their intention with regard to voting and this resulted in our amending our records. The effect of this was to reduce our total holding over which we have voting discretion.
We have taken action to calculate back the original date of transaction to which the 5% threshold was crossed.
14. Contact name:
Richard I. Shoylekov
15. Contact telephone number:
0118 929 8700