British Empire Sec BTEM Holding(s) in Company

  British Empire Sec (BTEM) - Holding(s) in Company

RNS Number : 7866Q
British Empire Sec & Gen Tst PLC
09 November 2012






TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES^i
1. Identity of the issuer or the underlying
issuer                                           BRITISH EMPIRE SECURITIES AND
of existing shares to which voting rights are         GENERAL TRUST PLC.
attached: ^ ii
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     HSBC Holdings Plc
notification obligation: ^ iii
                                             HSBC Global Asset Management (UK)
                                             Limited

4. Full name of shareholder(s)               HSBC Global Asset Management
(if different from 3.):^iv                  (International) Limited

                                             HSBC Investment Management

                                             HSBC Trust Company (UK) Limited
5. Date of the transaction and date on
which the threshold is crossed or            06^th Nov 2012
reached: ^v
6. Date on which issuer notified:            09^th Nov 2012
7. Threshold(s) that is/are crossed or       Below 5% Threshold
reached: ^vi, vii



8. Notified details:
A: Voting rights attached to shares ^viii, ix
            Situation previous      
             to the triggering
Class/type   transaction             Resulting situation after the triggering
of                                   transaction
shares
             Number      Number      Number     Number of       % of voting
if possible  of          of          of shares  voting          rights ^x
using        Shares      Voting                 rights
the ISIN                 Rights      Direct     Direct Indirect Direct   Indirect
CODE                                            ^xi    ^xii
GB0001335081  8,120,531  8,120,531    N/A     N/A Below 5%  N/A    Below 5%
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   rights that may   rights
                                ^xiv                be
                                                    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 Expiration Exercise/  Number of voting   % of voting
financial        price    date ^xvii Conversion rights instrument  rights ^xix,
instrument                           period     refers to          xx
                                     ^xviii
                                                                  
                                                                  Nominal Delta

                                                
Total (A+B+C)
            Number of voting rights                Percentage of voting rights
          Below Disclosure Threshold                        Below 5%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: ^xxi



N/A
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:                         None
14. Contact name:                                   Baljeet Gill
15. Contact telephone number:                       020 7991 6555























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HOLEADFNEFLAFFF -0- Nov/09/2012 13:18 GMT