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Company Announcements

Holding(s) in Company

By LSE RNS

RNS Number : 8250X
JPMorgan Elect PLC
24 February 2017
 

 




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

 

JPMorgan Elect Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights


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

Yes

Other (please specify):



3. Full name of person(s) subject to the
notification obligation: iii

Chase Nominees Limited

4. Full name of shareholder(s)
 (if different from 3.):iv

Chase Nominees Limited

5. Date of the transaction and date on
which the threshold is crossed or
reached: v

24 February 2017

6. Date on which issuer notified:

24 February 2017

7. Threshold(s) that is/are crossed or
reached: vi, vii

3%


 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

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

Managed Income (GB0034080217)

 

Managed Growth (GB0008528142)

 

Managed Cash

(GB0034080092)

21,061,697

 

 

10,893,407

 

 

2,409,512

0

 

 

0

 

 

0

21,061,697

 

 

10,893,407

 

 

2,409,512


15,692,855

 

 

53,612,389

 

 

772,460


21.53%

 

 

24.16%

 

 

29.92%



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







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

 






Nominal

Delta




Total (A+B+C)

Number of voting rights

Percentage of voting rights

Managed Income - 15,692,855

Managed Growth - 53,612,389

Managed Cash - 772,460

 

21.53%

24.16%

29.92%

 

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

Chase Nominees Limited announces that J.P. Morgan Trustee & Administration Services Limited has a notifiable interest in 14,684,507 Managed Income shares, 8,074,155 Managed Growth shares and 757,314 Managed Cash shares. These shares are held on behalf of participants in the JPMorgan investment trust savings products.  J.P. Morgan Trustee & Administration Services Limited has a notifiable interest in these shares because, in certain circumstances and subject to certain limitations agreed with the Takeover Panel to ensure compliance with the Takeover Code, JPMorgan is entitled to exercise the voting rights attached to the shares when the relevant plan participants do not do so.

JPMorgan is now entitled to exercise the voting rights attached to these shares, as these shares have not been voted by the participants in the JPMorgan investment trust savings products in respect of the Company's Class Meetings and General Meeting to be held on Monday 27 February 2017.  This entitlement will cease following the conclusion of the Class Meetings and General Meeting.


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:

N/A

14. Contact name:

Rhys Williams

15. Contact telephone number:

020 7742 4000

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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