TIDMBKIR
RNS Number : 2390J
Bank of Ireland(Governor&Co)
01 April 2015
Standard Form TR-1
Voting rights attached to shares- Article 12(1) of directive
2004/109/EC
Financial instruments - Article 11(3) of the Commission
Directive 2007/14/EC
1. Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached:
The Governor and Company of the Bank of Ireland (the "Bank")
2. Reason for the notification (please tick the appropriate box or boxes):
[X] an acquisition or disposal of voting rights
[ ] 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
3. Full name of person(s) subject to the notification obligation:
Hamblin Watsa Investment Counsel Ltd., as investment manager for
the shareholders detailed at 4 below.
4. Full name of shareholder(s) (if different from 3.)
Advent Capital (No 3) Limited
United States Fire Insurance Company
Falcon Insurance Company (Hong Kong) Ltd
Odyssey Re Holdings Corp.
Fairfax (Barbados) International Corp.
Northbridge General Insurance Corporation
Odyssey Reinsurance Company
Newline Corporate Name Limited
RiverStone Insurance (UK) Limited
RiverStone Insurance Limited
TIG Insurance Company
Clearwater Insurance Company
TIG Insurance (Barbados) Limited
Wentworth Insurance Company Limited
Zenith Insurance Company
Fairfax Financial Holdings Master Trust Fund
5. Date of the transaction and date on which the threshold is crossed or reached:
31 March 2015
6. Date on which issuer notified:
1 April 2015
7. Threshold(s) that is/are crossed or reached:
The voting rights controlled by Hamblin Watsa Investment Counsel
Ltd. have reduced from 5.78% to 2.89% due to a sale of 2.89% of
ordinary stock held in the Bank. As a result, the voting rights
controlled by Hamblin Watsa Investment Counsel Ltd. have moved
below 3%.
8. Notified details:
A) Voting rights attached to shares
-----------------------------------------------------------------------------------------------------------------
Class/type of Situation previous Resulting situation after the triggering
shares (if possible to the Triggering transaction
using the ISIN transaction
CODE)
----------------------- -------------------------------- ------------------------------------------------------
Number of Number of Number Number of voting % of voting
Shares Voting rights of shares rights rights
----------------------- --------------- --------------- ----------- --------------------- ------------------
Direct Direct Indirect Direct Indirect
----------------------- --------------- --------------- ----------- ------- ------------ ------- ---------
Ordinary stock
of EUR0.05 each
(ISIN: IE0030606259) 1,871,642,572 1,871,642,572 Nil Nil 935,821,286 Nil 2.89%
----------------------- --------------- --------------- ----------- ------- ------------ ------- ---------
SUBTOTAL A (based
on aggregate
voting rights) 1,871,642,572 1,871,642,572 Nil 935,821,286 2.89%
----------------------- --------------- --------------- ----------- --------------------- ------------------
B) Financial Instruments
---------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
---------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/Conversion Number of voting % of voting
instrument Date Period/ Date rights that rights
may be acquired
if the instrument
is exercised/converted
------------------ ----------- -------------------- ------------------------ ------------
Nil Nil Nil Nil Nil
------------------ ----------- -------------------- ------------------------ ------------
SUBTOTAL B Nil Nil
(in relation
to all expiration
dates)
-------------------- ------------------------ ------------
Total (A+B) number of voting % of voting rights
rights
------------- ----------------- -------------------
935,821,286 2.89%
------------- ----------------- -------------------
9. Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if
applicable:
Hamblin Watsa Investment Counsel Ltd., a wholly owned subsidiary
of Fairfax Financial Holdings Limited, acts as investment manager
for each of Advent Capital (No. 3) Limited, Untied States Fire
Insurance Company, Falcon Insurance Company (Hong Kong) Ltd,
Odyssey Re Holdings Corp., Fairfax (Barbados) International Corp.,
Northbridge General Insurance Corporation, Odyssey Reinsurance
Company, Newline Corporate Name Limited, RiverStone Insurance (UK)
Limited, RiverStone Insurance Limited, TIG Insurance Company,
Clearwater Insurance Company, TIG Insurance (Barbados) Limited,
Wentworth Insurance Company Limited, Zenith Insurance Company,
Fairfax Financial Holdings Master Trust Fund (the "Stockholders")
and, pursuant to investment agreements with each of the
Stockholders, has discretion over the voting rights attaching to
the ordinary stock of the Bank owned by the Stockholders. Each of
the Stockholders is a direct or indirect subsidiary of Fairfax
Financial Holdings Limited.
10. In case of proxy voting: [name of the proxy holder] will
cease to hold [number] voting rights as of [date].
N/A
11. Additional information:
N/A
Done at Dublin on 1 April 2015
Contact: Helen Nolan, Group Secretary
Telephone: + 353 (0) 76 623 4710
This information is provided by RNS
The company news service from the London Stock Exchange
END
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