BACIT LIMITED - Holding(s) in Company

PR Newswire

London, January 28


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 of existing shares to which voting rights are attached: ii		BACIT LTD
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			n/a
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments			n/a
An event changing the breakdown of voting rights			n/a
Other (please specify):			n/a
3. Full name of person(s) subject to the notification obligation: iii	Royal Bank of Canada
4. Full name of shareholder(s) (if different from 3.):iv	RBC Trustees (CI) Limited RBC Trust Company (International) Limited
5. Date of the transaction and date on which the threshold is crossed or reached: v	20 January 2016
6. Date on which issuer notified:	26 January 2016
7. Threshold(s) that is/are crossed or reached: vi, vii	Below 3%


8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE GG00B8P59C08		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 x
Direct			Direct xi	Indirect xii		Direct		Indirect
ORD NPV		14,621,570			14,621,570			10,621,570				10,621,570			2.76%


B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii			Exercise/ Conversion Period xiv					Number of voting rights that may be acquired if the instrument is exercised/ converted.			% of voting rights
N/A			N/A			N/A					N/A			N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price			Expiration date xvii			Exercise/ Conversion period xviii			Number of voting rights instrument refers to			% of voting rights xix, xx
N/A	N/A			N/A			N/A						Nominal			Delta


Total (A+B+C)
Number of voting rights									Percentage of voting rights
10,621,570									2.76%


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
RBC Trustees (CI) Limited and RBC Trust Company (International) Limited are wholly owned indirect subsidiaries of the Royal Bank of Canada.

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:	Calculated on issues share capital of 384,665,158 shares
14. Contact name:	Scott Roberts/ Graham Horsnell
15. Contact telephone number:	(01534) 602971 / 283292

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