Ei Group plc Holding(s) in Company (7865C)

TIDMEIG

RNS Number : 7865C

Ei Group plc

19 April 2017

 
 
 
 
 TR-1:NOTIFICATION OF MAJOR INTEREST IN SHARES 
------------------------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the underlying                                                          EI Group plc 
  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 
---------------------------------------------------------------------------  ------------------------------------- 
 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                               X 
  effect to qualifying financial instruments 
---------------------------------------------------------------------------  ------------------------------------- 
 An event changing the breakdown of voting rights 
---------------------------------------------------------------------------  ------------------------------------- 
 Other (please 
  specify): 
----------------------------------------------------------------------  ---  ------------------------------------- 
 3. Full name of person(s) subject                                                Glenview Capital Management, LLC 
  to the 
  notification obligation: (iii) 
-----------------------------------------------------------------------  ----------------------------------------- 
 4. Full name of shareholder(s)                                                             Goldman Sachs Bank USA 
  (if different from 3.):(iv)                                                          Goldman Sachs International 
                                                                               Morgan Stanley Capital Services LLC 
-----------------------------------------------------------------------  ----------------------------------------- 
 5. Date of the transaction and date                                                                 13 April 2017 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
-----------------------------------------------------------------------  ----------------------------------------- 
 6. Date on which issuer notified:                                                                   19 April 2017 
-----------------------------------------------------------------------  ----------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                                           13% 
-----------------------------------------------------------------------  ----------------------------------------- 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
----------------------------------------------------------------------------------------------------------------- 
 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                  (x) 
               Shares                  Voting 
                                       Rights 
------------  ----------------------  --------------  -------------  ----------------------  -------------------- 
                                                       Direct         Direct      Indirect    Direct     Indirect 
                                                                      (xi)         (xii) 
------------    ----------  --------   -------------  -------------  ----------  ----------  ---------  --------- 
 
 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------- 
 Type of         Expiration             Exercise/                       Number of voting       % of voting 
 financial        date (xiii)            Conversion Period              rights that may         rights 
 instrument                              (xiv)                          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 rights 
 financial      price         date (xvii)              Conversion       rights instrument       (xix, xx) 
 instrument                                            period           refers to 
                                                       (xviii) 
-------------  -----------  ------------------------  --------------  ----------------------  ------------------- 
 Total Return                05/04/2017;                               61,160,457              Nominal   Delta 
  Swap                        09/05/2017; 
                              05/06/2017; 
                              04/10/2017; 
                              10/01/2018; 
                              21/02/2018; 
                              07/03/2018; 
                              14/03/2018; 
                              20/03/2018; 
                              05/04/2018; 
                              06/04/2018; 
                              05/06/2018; 
                              06/06/2018; 
                              05/07/2018; 
                              06/07/2018; 
                              23/07/2018; 
                              03/08/2018; 
                              05/10/2018; 
                              05/12/2018 
                              07/12/2018; 
                              19/12/2018; 
                              21/12/2018; 
                              24/12/2018; 
                              02/01/2019; 
                              03/01/2019; 
                              07/01/2019; 
                              16/01/2019; 
                              18/01/2019; 
                              13/02/2019 
-------------  -----------  ------------------------  --------------  ----------------------  --------  --------- 
                                                                                               12.69% 
             -------------------------------------------------------------------------------  --------  --------- 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                Percentage of voting rights 
-----------------------------------------------------  ---------------------------------------------------------- 
 61,160,457                                             12.69% 
-----------------------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------------------------ 
 
                        Larry Robbins, the CEO of Glenview Capital Management, LLC ("Glenview"), 
                                                         is the ultimate controller of Glenview. 
 
 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: 
----------------------------------------------------------------------------  ------------------ 
 
 
  13. Additional information: 
----------------------------------------------------------------------------  ------------------ 
 14. Contact name:                                                             Jonathan Danziger 
----------------------------------------------------------------------------  ------------------ 

 15. Contact telephone number:                                                  + 1 212 323 6567 
----------------------------------------------------------------------------  ------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 19, 2017 12:45 ET (16:45 GMT)