7 Sep 2009 16:07
| ||||
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | ||||
|
| |||
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii | Styles & Wood Group 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 | The Royal Bank of Scotland Group plc | |||
4. Full name of shareholder(s) (if different from 3.):iv | West Register (Investments) Limited | |||
5. Date of the transaction and date on which the threshold is crossed or reached: v | 30/06/09 | |||
6. Date on which issuer notified: | 04/09/09 | |||
7. Threshold(s) that is/are crossed or reached: vi, vii | 43% |
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 | |||||||||||||
Ord GBP 25p
| 10,644,935 | 10,644,935 | 10,644,935 | 10,644,935 |
| 17.22% |
| ||||||||||
GB00B1DKGQ10 | |||||||||||||||||
| |||||||||||||||||
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 | |||||||||||||
|
|
|
|
| |||||||||||||
| |||||||||||||||||
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
| ||||||||||||
Convertible Preference Shares | 93.75p | August 2019 | Aug 2012 to Aug 2019 | 16,000,000
| Nominal | Delta | |||||||||||
25.87 |
| ||||||||||||||||
| |||||||||||||||||
Total (A+B+C) | |||||||||||||||||
Number of voting rights | Percentage of voting rights | ||||||||||||||||
26,644,935 | 43.09% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi | ||
The Royal Bank of Scotland Group plc (43.09%) The Royal Bank of Scotland plc (43.09%) West Register (Investments) Limited (43.09%)
| ||
| ||
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: | This Notification is based upon the Voting Rights figure of 61,823,831 obtained from yourselves. | |
14. Contact name: | Richard Hopkins | |
15. Contact telephone number: | 020 7714 4459 |