Brit Insurance Holdings Plc: Holding(s) in Company | Company Announcements

Thursday 05 November, 2009

Brit Insurance Holdings Plc

Holding(s) in Company





+-------------------------------------------------------------------+
| For filings with the FSA include the  |                           |
| annex                                 |                           |
|---------------------------------------+---------------------------|
| For filings with issuer exclude the   |                           |
| annex                                 |                           |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                   |
|-------------------------------------------------------------------|
|                                             |                     |
|---------------------------------------------+---------------------|
| 1. Identity of the issuer or the underlying |                     |
| issuer                                      |      Brit Insurance |
| of existing shares to which voting rights   |        Holdings PLC |
| are                                         |                     |
| attached: ii                                |                     |
|-------------------------------------------------------------------|
| 2 Reason for the notification (please tick the appropriate box or |
| boxes):                                                           |
|-------------------------------------------------------------------|
| An acquisition or disposal of voting rights           |    Yes    |
|-------------------------------------------------------+-----------|
| An acquisition or disposal of qualifying financial    |           |
| instruments which may result in the acquisition of    |    No     |
| shares already issued to which voting rights are      |           |
| attached                                              |           |
|-------------------------------------------------------+-----------|
| An acquisition or disposal of instruments with        |           |
| similar economic effect to qualifying financial       |    No     |
| instruments                                           |           |
|-------------------------------------------------------+-----------|
| An event changing the breakdown of voting rights      |    No     |
|-------------------------------------------------------+-----------|
| Other (please          |                              |           |
| specify):              |                              |           |
|-------------------------------------------------------------------|
| 3. Full name of person(s)       |                                 |
| subject to the                  |   Third Avenue Management LLC   |
| notification obligation: iii    |                                 |
|---------------------------------+---------------------------------|
| 4. Full name of shareholder(s)  |   Third Avenue Management LLC   |
|  (if different from 3.):iv      |                                 |
|---------------------------------+---------------------------------|
| 5. Date of the transaction and  |                                 |
| date on                         |                                 |
| which the threshold is crossed  |        November 3, 2009         |
| or                              |                                 |
| reached: v                      |                                 |
|---------------------------------+---------------------------------|
| 6. Date on which issuer         |        November 4, 2009         |
| notified:                       |                                 |
|---------------------------------+---------------------------------|
| 7. Threshold(s) that is/are     |                                 |
| crossed or                      |              7.00%              |
| reached: vi, vii                |                                 |
+-------------------------------------------------------------------+



+----------------------------------------------------------------------------------------------------+
|8. Notified details:                                                                                |
|----------------------------------------------------------------------------------------------------|
|A: Voting rights attached to shares viii, ix                                                        |
|----------------------------------------------------------------------------------------------------|
|Class/type of  |Situation previous            |Resulting situation after the triggering transaction |
|shares         |to the triggering             |                                                     |
|if possible    |transaction                   |                                                     |
|using          |------------------------------+-----------------------------------------------------|
|the ISIN CODE  |Number           |Number      |Number    |Number of voting    |% of  voting rights x|
|               |of               |of          |of shares |rights              |                     |
|               |Shares           |Voting      |----------+--------------------+---------------------|
|               |                 |Rights      |Direct    |Direct |Indirect xii|Direct    |Indirect  |
|               |                 |            |          |xi     |            |          |          |
|---------------+-----------------+------------+----------+-------+------------+----------+----------|
|Ordinary       |                 |            |          |       |            |          |          |
|---------------|23,430,732       |22,069,108  |23,208,182|       |21,846,558  |          |6.96%     |
|               |                 |            |          |       |            |          |          |
|----------------------------------------------------------------------------------------------------|
|                                                                                                    |
|----------------------------------------------------------------------------------------------------|
|B: Qualifying Financial Instruments                                                                 |
|----------------------------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction                                                |
|----------------------------------------------------------------------------------------------------|
|Type of financial       |Expiration    |Exercise/             |Number of voting      |% of voting   |
|instrument              |date xiii     |Conversion Period xiv |rights that may be    |rights        |
|                        |              |                      |acquired if the       |              |
|                        |              |                      |instrument is         |              |
|                        |              |                      |exercised/ converted. |              |
|------------------------+--------------+----------------------+----------------------+--------------|
|                        |              |                      |                      |              |
|----------------------------------------------------------------------------------------------------|
|                                                                                                    |
|----------------------------------------------------------------------------------------------------|
|C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi   |
|----------------------------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction                                                |
|----------------------------------------------------------------------------------------------------|
|Type of         |Exercise price  |Expiration|Exercise/   |Number of voting rights|% of voting rights|
|financial       |                |date xvii |Conversion  |instrument refers to   |xix, xx           |
|instrument      |                |          |period xviii|                       |                  |
|----------------+----------------+----------+------------+-----------------------+------------------|
|                |                |          |            |                       |Nominal   |Delta  |
|                |                |          |            |                       |----------+-------|
|                |                |          |            |                       |          |       |
|----------------------------------------------------------------------------------------------------|
|                                                                                                    |
|----------------------------------------------------------------------------------------------------|
|Total (A+B+C)                                                                                       |
|----------------------------------------------------------------------------------------------------|
|Number of voting rights                             |Percentage of voting rights                    |
|----------------------------------------------------+-----------------------------------------------|
|21,846,558                                          |6.96%                                          |
+----------------------------------------------------------------------------------------------------+



+-------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting      |
| rights and/or the                                                 |
| financial instruments are effectively held, if applicable: xxi    |
|-------------------------------------------------------------------|
|                                                                   |
|                                                                   |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| 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:     |                                 |
|---------------------------------+---------------------------------|
| 14. Contact name:               | Peter Goddard, Brit Insurance   |
|                                 | Holdings PLC                    |
|---------------------------------+---------------------------------|
| 15. Contact telephone number:   | 0207 098 8741                   |
+-------------------------------------------------------------------+



+-------------------------------------------------------------------+
| Note: Annex should only be submitted to the FSA not the issuer    |
|-------------------------------------------------------------------|
| Annex: Notification of major interests in sharesxxii              |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| A: Identity of the persons or legal entity subject to the         |
| notification obligation                                           |
|-------------------------------------------------------------------|
| Full name                                                     |   |
| (including legal form of legal entities)                      |   |
|                                                               |   |
|---------------------------------------------------------------+---|
| Contact address                                               |   |
| (registered office for legal entities)                        |   |
|                                                               |   |
|---------------------------------------------------------------+---|
| Phone number & email                                          |   |
|                                                               |   |
|---------------------------------------------------------------+---|
| Other useful information                                      |   |
| (at least legal representative for legal persons)             |   |
|                                                               |   |
|---------------------------------------------------------------+---|
|                                                               |   |
|-------------------------------------------------------------------|
| B: Identity of the notifier, if applicable                        |
|-------------------------------------------------------------------|
| Full name                                                     |   |
|                                                               |   |
|---------------------------------------------------------------+---|
| Contact address                                               |   |
|                                                               |   |
|---------------------------------------------------------------+---|
| Phone number & email                                          |   |
|                                                               |   |
|---------------------------------------------------------------+---|
| Other useful information                                      |   |
| (e.g. functional relationship with the person or legal entity |   |
| subject to the notification obligation)                       |   |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| C: Additional information                                         |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| For notes on how to complete form TR-1 please see the FSA         |
| website.                                                          |
+-------------------------------------------------------------------+

---END OF MESSAGE---




This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.
Investegate takes no responsibility for the accuracy of the information within the site.
The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filitered from this site.