Portfolio

Company Announcements

Holding(s) in Company

Related Companies

By LSE RNS

RNS Number : 1279Y
Low & Bonar PLC
01 December 2017
 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i


1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

LOW & BONAR plc

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)

UK issuer


2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments


An event changing the breakdown of voting rights


Other (please specify)iii:


3. Details of person subject to the notification obligationiv

Name

STERLING STRATEGIC VALUE FUND S.A, SICAV-RAIF and NOTZ STUCKI EUROPE S.A.

 

City and country of registered office (if applicable)

LUXEMBOURG

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

Name

STERLING STRATEGIC VALUE FUND S.A., SICAV-RAIF

City and country of registered office (if applicable)

LUXEMBOURG

5. Date on which the threshold was crossed or reachedvi:

28/11/2017

6. Date on which issuer notified (DD/MM/YYYY):

30/11/2017

7. Total positions of person(s) subject to the notification obligation


% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

10.8674%


10.8674%

329'701'183

Position of previous notification (if

applicable)

6.8516%


6.8516%


 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

GB0005363014

35'830'000


10.8674%












SUBTOTAL 8. A

35'830'000

10.8674%

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
datex

Exercise/
Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights


















SUBTOTAL 8. B 1



 

 

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration
datex

Exercise/
Conversion Period xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights






















SUBTOTAL 8.B.2



 

 

 

 

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

X

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)


Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold






















10. In case of proxy voting, please identify:

Name of the proxy holder

Notz Stucki Europe S.A.

The number and % of voting rights held

35'830'000 ; 10.8684%

The date until which the voting rights will be held

Indefinite unless otherwise instructed by the Fund


11. Additional informationxvi

On 1 January 2017, Notz, Stucki Europe S.A. was appointed to act as alternative fund manager of Sterling Strategic Value Fund S.A. SICAV-RAIF. The 35'830'000 shares are held by UBS as depositary bank for Sterling Strategic Value Fund S.A., SICAV-RAIF and Notz, Stucki Europe S.A. exercises the voting rights attached to those shares at the discretion of Sterling Strategic Value Fund S.A., SICAV-RAIF.

 

Place of completion

Luxembourg

Date of completion

30/11/2017

 


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

Top of Page