7 Aug 2009 15:42
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: | Workspace 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 |
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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): |
3. Full name of person(s) subject to the notification obligation: | Lloyds Banking Group plc |
4. Full name of shareholder(s) (if different from 3.): | See Section 9 |
5. Date of the transaction and date on which the threshold is crossed or reached: | 6 August 2009 |
6. Date on which issuer notified: | 7 August 2009 |
7. Threshold(s) that is/are crossed or reached: | Direct decrease to below 7% (Direct/Indirect decrease to below 14%) |
8. Notified details: | |||||||
A: Voting rights attached to shares | |||||||
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 | |||
Direct | Direct | Indirect | Direct | Indirect |
Ord 10p Shares ISIN GB0005296354 | 174,555,023 | 174,555,023 | 67,644,764 | 67,644,764 | 78,337,342 | 6.466% | 7.488% |
B: Qualifying Financial Instruments | ||||
Resulting situation after the triggering transaction | ||||
Type of financial instrument | Expiration date | Exercise/ Conversion Period | 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 | ||||||
Resulting situation after the triggering transaction | ||||||
Type of financial instrument | Exercise price | Expiration date | Exercise/ Conversion period | Number of voting rights instrument refers to | % of voting rights | |
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| Nominal | Delta |
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Total (A+B+C) | |
Number of voting rights | Percentage of voting rights |
145,982,106 | 13.955% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
141,987,227 shares (13.573%) are under the control of Insight Investment Management (Global) Limited, a wholly owned subsidiary of Insight Investment Management Limited, a wholly owned subsidiary of HBOS Insurance & Investment Group Limited, a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds Banking Group plc (Indirect Interests). Within these holdings, 29,538,517 shares (2.824%) are managed on behalf of Clerical Medical Managed Funds Limited, a wholly owned subsidary of Clerical Medical Investment Group Limited, a wholly owned subsidiary of HBOS Financial Services Limited, a wholly owned subsidiary of HBOS Insurance & Investment Group Limited a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds Banking Group plc, and are therefore disclosed as an overall Direct Interest. Within the Insight Investment Management (Global) Limited holdings, 29,625,927 shares (2.832%) are managed on behalf of Clerical Medical Investment Group Limited, a wholly owned subsidiary of HBOS Financial Services Limited, a wholly owned subsidiary of HBOS Insurance & Investment Group Limited a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds Banking Group plc, and are therefore disclosed as an overall Direct Interest. |
Proxy Voting: | |
10. Name of the proxy holder: | N/A |
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: | Notification using the total voting rights figure of 1,046,116,842 |
14. Contact name: | Amanda Whalley, Company Secretary |
15. Contact telephone number: | 020 7369 2377 |