Mears Group PLC TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (0524O)

TIDMMER TIDMSDR

RNS Number : 0524O

Mears Group PLC

02 November 2016

 
 For filings with the FCA include the 
  annex 
 For filings with issuer exclude the 
  annex 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
---------------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                                     Mears Group plc 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: 
--------------------------------------------------------  ------------------------------------------------------------ 
 2 Reason for the notification (please tick the appropriate box or boxes): 
---------------------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                                                    ü 
-------------------------------------------------------------------------------------------------------------  ------- 
 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                                       Type 1 disclosure as per the Transparency Directive        ü 
  specify):                                          II Regulation 
--------------------------------------------------  ---------------------------------------------------------  ------- 
 3. Full name of person(s) subject                                              Schroders plc 
  to the 
  notification obligation: 
----------------------------------------------------  ---------------------------------------------------------------- 
 4. Full name of shareholder(s)                                      Schroders plc & Schroder Investment 
  (if different from 3.):                                                     Management Limited 
----------------------------------------------------  ---------------------------------------------------------------- 
 5. Date of the transaction and date                                              27.10.16 
  on 
  which the threshold is crossed 
  or 
  reached: 
----------------------------------------------------  ---------------------------------------------------------------- 
 6. Date on which issuer notified:                                                28.10.16 
----------------------------------------------------  ---------------------------------------------------------------- 
 7. Threshold(s) that is/are crossed                                              Below 5% 
  or 
  reached: 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type      Situation previous                 Resulting situation after the triggering 
 of               to the triggering                  transaction 
 shares           transaction 
 
 if possible 
 using 
 the ISIN CODE 
--------------  ---------------------------------  ------------------------------------------------------------------- 
                 Number           Number            Number          Number of voting        % of voting rights 
                  of               of                of shares       rights 
                  Shares           Voting 
                                   Rights 
--------------  ---------------  ----------------  --------------  ----------------------  --------------------------- 
                                                    Direct          Direct     Indirect     Direct        Indirect 
--------------      -----------    ------------    --------------  ---------  -----------  ------------  ------------- 
 
    Ordinary 
  GB0005630420     6,268,075         6,268,075        4,381,597       N/A      4,381,597        N/A          4.273% 
                ---------------  ----------------  --------------  ---------  -----------  ------------  ------------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration     Exercise/                         Number of voting          % of voting 
  instrument          date           Conversion Period                 rights that may           rights 
                                                                       be 
                                                                       acquired if the 
                                                                       instrument is 
                                                                       exercised/ converted. 
------------------  -------------  --------------------------------  ------------------------  ----------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of           Exercise       Expiration      Exercise/       Number of voting            % of voting rights 
 financial          price         date            Conversion       rights instrument 
 instrument                                       period           refers to 
----------------  -------------  --------------  --------------  --------------------------  ------------------------- 
                                                                                              Nominal       Delta 
----------------  -------------  --------------  --------------  --------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                          Percentage of voting rights 
---------------------------------------------------------------  ----------------------------------------------------- 
 
                            4,381,597                                                    4.273% 
---------------------------------------------------------------  ----------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
-------------------------------------------------------------------------------------------------------------------- 
 Schroder Investment Management Limited 4,381,597 4.273% 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
-------------------------------------------------------------------------  ----------------------------------------- 
 11. Number of voting rights proxy holder will 
  cease 
  to hold: 
-------------------------------------------------------------------------  ----------------------------------------- 
 12. Date on which proxy holder will cease to 
  hold 
  voting rights: 
-------------------------------------------------------------------------  ----------------------------------------- 
 
                                                                            The shares referred to in section 
  13. Additional information:                                               9 are held in portfolios managed by 
                                                                            those firms on a discretionary basis 
                                                                            for clients under investment management 
                                                                            agreements. This disclosure has been 
                                                                            calculated based on issue share capital 
                                                                            amount 102,545,434. 
-------------------------------------------------------------------------  ----------------------------------------- 
 14. Contact name:                                                                      Shaheen Hussain 
-------------------------------------------------------------------------  ----------------------------------------- 
 15. Contact telephone number:                                                          [phone] 
-------------------------------------------------------------------------  ----------------------------------------- 
 
 

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November 02, 2016 03:00 ET (07:00 GMT)