TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
VT GROUP plc
2. Reason for the notification : ( )
An acquisition or disposal of voting rights: ( X )
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: ( )
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 if different):
28/01/2010
6. Date on which issuer notified:
29/01/2010
7. Threshold(s) that is/are crossed or reached:
Direct/Indirect holdings reduced to below 7%
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
|
|
GB0031729733
|
Number of shares
14,258,899
|
Number of voting Rights
14,258,899
|
|
|
|
|
Resulting situation after the triggering transaction
|
Class/type of shares if possible using the ISIN CODE
|
Number of shares
Direct
|
Number of voting rights
|
% of voting rights
|
|
GB0031729733
|
786,641
|
Direct
786,641
|
Indirect
10,628,208
|
Direct
0.438%
|
Indirect
5.914%
|
|
|
|
|
|
|
|
B: Financial Instruments
Resulting situation after the triggering transaction
|
Type of financial instrument
|
Expiration Date
|
Exercise/Conversion Period/ Date
|
Number of voting rights that may be acquired if the instrument is exercised/ converted.
|
% of voting rights
|
|
n/a
|
|
|
|
|
|
Total (A+B)
11,414,849
|
% of voting rights
6.352%
|
|
|
|
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
11,319,427 shares (6.299%) are under the control of Scottish Widows Investment Partnership Ltd, a wholly owned subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc (Indirect Interests).
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:
14. Contact name:
Adrian Powell
15. Contact telephone number:
01489 775253