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DRV Driver Group Plc

24.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Driver Group Plc LSE:DRV London Ordinary Share GB00B0L9C092 ORD 0.4P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 24.50 24.00 25.00 24.50 24.50 24.50 5,000 07:37:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Heavy Construction, Nec 42.63M -336k -0.0064 -38.28 12.87M

Driver Group plc Holding(s) in Company (6466K)

10/07/2017 5:28pm

UK Regulatory


TIDMDRV

RNS Number : 6466K

Driver Group plc

10 July 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                      DRIVER 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                              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                          No 
----------------------------------------------------------  ------------------------------- 
 Other (please                                                            N/A 
  specify): 
--------------------------------------------------------    ------------------------------- 
 3. Full name of person(s)                                    River and Mercantile Asset 
  subject to the                                                     Management LLP 
  notification obligation: 
  (iii) 
---------------------------------------------------------  -------------------------------- 
 4. Full name of shareholder(s)                               River and Mercantile Funds 
  (if different from 3.):(iv)                                 ICVC - River and Mercantile 
                                                              UK Equity Long Term Recovery 
                                                                          Fund 
 
                                                             River and Mercantile UK Micro 
                                                               Cap Investment Company Ltd 
 
                                                               Both managed by River and 
                                                              Mercantile Asset Management 
                                                                          LLP 
---------------------------------------------------------  -------------------------------- 
 5. Date of the transaction                                           7 July 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  -------------------------------- 
 6. Date on which issuer                                             10 July 2017 
  notified: 
---------------------------------------------------------  -------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                      5% 
---------------------------------------------------------  -------------------------------- 
 
 
 
 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) 
-------------      -----------    -----------    --------------  ------------  ------------  ------------  ----------- 
 GB00B0L9C092   2,504,000        2,504,000        3,029,000       3,029,000                   5.6235% 
               ---------------  ---------------  --------------  ------------  ------------  ------------  ----------- 
 
 
 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 
-------------------------------------------------  ------------------------------------------------------------------- 
 3,029,000                                          5.6235% 
-------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------- 
 
 
 Proxy Voting: 
-------------------------------------------------------------------- 
 10. Name of the proxy holder:               River and Mercantile 
                                             Asset Management 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:                        Charlotte Williams / David 
                                                    Harris 
                                             Compliance Department 
---------------------------------------  --------------------------- 
 15. Contact telephone number:               +44 (0) 20 7601 6262 
---------------------------------------  --------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLZMGMNVGKGNZM

(END) Dow Jones Newswires

July 10, 2017 12:28 ET (16:28 GMT)

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