Since the Disclosure & Transparency Rules came into effect on 20 January 2007, it is now required that any shareholder who has a change of shareholdings in any listed company which results in their holding being at three per cent or more must, within two days of the transaction, complete a form TR-1 and send it to the company and the Financial Services Authority (FSA). The company itself must then announce details of the notification to the market (via an RNS announcement) by close of business on the next working day.
Rather than being based on "interest in shares" the disclosure is now based on the total number of voting rights and capital for each class of shares. The total number of voting rights issues by the company can be obtained via the RNS service, or from the company’s website, or by requesting this information from the Company Secretary.
In order to help you with this process, a downloadable copy of the form TR-1 is available in the downloads area on the right of this page, and we would ask that once you've completed the form, you post or email it to:
Brandy Carr Road
If you have any questions relating to this matter please speak to Kathy Smith, Company Secretary on +44 (0)1924 882501.
Please note that this information is provided as general guidance only, and no liability will be accepted for any inaccuracy. To obtain full details of the obligations and requirements surrounding the Disclosure Transparency Rules (including exemptions), you should contact the FSA or look at the FSA website www.fsa.gov.uk (opens in new window)