Driver Group plc Holding(s) in Company (4705Z)

TIDMDRV

RNS Number : 4705Z

Driver Group plc

14 March 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or                               Driver Group plc 
  the underlying 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                    Yes 
-------------------------------------------------------------  --------------------------------- 
 An acquisition or disposal of qualifying financial             No 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
-------------------------------------------------------------  --------------------------------- 
 An acquisition or disposal of instruments with                 No 
  similar economic effect to qualifying financial 
  instruments 
-------------------------------------------------------------  --------------------------------- 
 An event changing the breakdown of voting rights               Yes 
-------------------------------------------------------------  --------------------------------- 
 Other (please                                                  N/A 
  specify): 
--------------------------------------------------------  ---  --------------------------------- 
 3. Full name of person(s)                                  Livingbridge VC LLP 
  subject to the 
  notification obligation: 
---------------------------------------------------------  ------------------------------------- 
 4. Full name of shareholder(s)                             Baronsmead Venture Trust plc 
  (if different from 3.):                                    - 4.09% 
                                                             Baronsmead Second Venture 
                                                             Trust plc - 5.50% 
                                                             Wood Street Microcap Investment 
                                                             Fund - 5.15% 
---------------------------------------------------------  ------------------------------------- 
 5. Date of the transaction                                 10/03/2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
---------------------------------------------------------  ------------------------------------- 
 6. Date on which issuer                                    14/03/2017 
  notified: 
---------------------------------------------------------  ------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached:                                                  15% 
---------------------------------------------------------  ------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------------------- 
 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 
-------------      ------------    ------------    --------------  ---------  -------------  ------------  ----------- 
 Ord GBP0.4 
 GB00B0L9C092   5,115,805         15.92%                                       7,865,805                    14.74% 
               ----------------  ----------------  --------------  ---------  -------------  ------------  ----------- 
 
 
 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                          Period                            may 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 
 financial         price          date            Conversion         rights instrument           rights 
 instrument                                       period             refers to 
---------------  --------------  --------------  ----------------  --------------------------  ----------------------- 
                                                                                                Nominal       Delta 
---------------  --------------  --------------  ----------------  --------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                              Percentage of voting rights 
---------------------------------------------------  ----------------------------------------------------------------- 
 7,865,805                                            14.74% 
---------------------------------------------------  ----------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
--------------------------------------------------------------- 
 
   Livingbridge VC LLP 
   Baronsmead Venture Trust plc 
   Baronsmead Second Venture Trust plc 
   Registered in the name of JP Morgan 
 
   Livingbridge VC LLP 
   Wood Street Microcap Investment Fund 
   Registered in the name of Bank of New York Mellon 
 
 Proxy Voting: 
--------------------------------------------------------------- 
 10. Name of the proxy holder:             Livingbridge VC LLP 
----------------------------------------  --------------------- 
 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:                         Karen Huxley 
----------------------------------------  --------------------- 
 15. Contact telephone number:             020 7506 5643 
----------------------------------------  --------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 14, 2017 12:55 ET (16:55 GMT)