Coats Group PLC Holding(s) in Company (0124J)

TIDMCOA TIDMPRU

RNS Number : 0124J

Coats Group PLC

23 June 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                               Coats Group plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
---------------------------------------------------------------  ------------------------------------- 
 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 
------------------------------------------------------------------  ---------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
------------------------------------------------------------------  ---------------------------------- 
 An event changing the breakdown of voting rights 
------------------------------------------------------------------  ---------------------------------- 
 Other (please 
  specify): 
---------------------------------------------------------  -------  ---------------------------------- 
 3. Full name of person(s)                                       Prudential plc group of companies 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ----------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv)                                               Prudential plc 
                                                                          M&G Group Limited 
                                                                             M&G Limited 
                                                                      M&G Investment Management 
                                                                               Limited 
                                                                        M&G Securities Limited 
-----------------------------------------------------------  ----------------------------------------- 
 5. Date of the transaction                                                 21 June 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------------------- 
 6. Date on which issuer                                                    22 June 2017 
  notified: 
-----------------------------------------------------------  ----------------------------------------- 
 7. Threshold(s) that is/are                                                 Below 10% 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  ----------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                            Resulting situation after the 
  of             to the triggering                             triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  --------------------------------------------  ------------------------------------------------------------------ 
                Number                      Number            Number          Number of                   % of voting 
                 of                          of                of shares       voting                      rights (x) 
                 Shares                      Voting                            rights 
                                             Rights 
-------------  --------------------------  ----------------  --------------  --------------------------  ---------------------- 
                                                              Direct          Direct      Indirect        Direct     Indirect 
                                                                              (xi)         (xii) 
-------------      ---------  -----------      ------------  --------------  ----------  --------------  ---------  ----------- 
 ORD GBP0.05 
 GB00B4YZN328          142,100,000            142,100,000      141,020,355        0        141,020,355       0         9.98% 
-------------  --------------------------  ----------------  --------------  ----------  --------------  ---------  ----------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration                Exercise/                         Number of voting            % of voting 
 financial           date                      Conversion                        rights that                 rights 
 instrument          (xiii)                    Period (xiv)                      may be 
                                                                                 acquired if 
                                                                                 the 
                                                                                 instrument 
                                                                                 is 
                                                                                 exercised/ 
                                                                                 converted. 
-----------------  ------------------------  --------------------------------  --------------------------  -------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise     Expiration       Exercise/       Number of voting            % of voting 
 financial        price         date             Conversion      rights instrument           rights (xix, 
 instrument                     (xvii)           period          refers to                   xx) 
                                                 (xviii) 
---------------  -----------  ---------------  --------------  --------------------------  ------------------------------------ 
                                                                                            Nominal                    Delta 
---------------  -----------  ---------------  --------------  --------------------------  -------------------------  --------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ---------------------------------------------------------------- 
 141,020,355                                                    9.98% 
-------------------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------- 
 
   Prudential plc (parent Company) - 141,020,355 (9.98%) 
   M&G Group Limited (wholly owned subsidiary of Prudential 
   plc) - 141,020,355 (9.98%) 
   M&G Limited (wholly owned subsidiary of M&G Group Limited) 
   - 141,020,355 (9.98%) 
   M&G Investment Management Limited (wholly owned subsidiary 
   of M&G Limited) - 141,020,355 (9.98%) 
   M&G Securities Limited (wholly owned subsidiary of M&G 
   Limited) - 141,020,355 (9.98%) 
 
 Proxy Voting: 
------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                        N/A 
--------------------------------------------------------  --------------------------- 
 11. Number of voting rights proxy                                    N/A 
  holder will cease to hold: 
--------------------------------------------------------  --------------------------- 
 12. Date on which proxy holder will                                  N/A 
  cease to hold voting rights: 
--------------------------------------------------------  --------------------------- 
 
 
  13. Additional information: 
--------------------------------------------------------  --------------------------- 
 14. Contact name:                                         John Baker / Owen Smith / 
                                                            James Todd 
                                                            M&G Investment Management 
                                                            Limited 
--------------------------------------------------------  --------------------------- 
                                                           020 7548 2561 / 020 7004 

 15. Contact telephone number:                              4517 / 020 7548 2293 
--------------------------------------------------------  --------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 23, 2017 05:26 ET (09:26 GMT)