FBD Holdings PLC Holding in Company (4933R)

TIDMFBH

RNS Number : 4933R

FBD Holdings PLC

09 December 2016

Standard Form TR-1

Standard form for notification of major holdings

 
 1. Identity of the issuer or the underlying issuer of 
  existing shares to which voting rights are attachedii: 
  FBD Holdings plc 
----------------------------------------------------------------------------------------------------- 
 2. Reason for the notification (please tick the appropriate 
  box or boxes): 
 
  [X] An acquisition or disposal of voting rights 
  [ ] An acquisition or disposal of financial instruments 
  [ ] An event changing the breakdown of voting rights 
  [ ] Other (please specify)iii: 
----------------------------------------------------------------------------------------------------- 
 3. Details of person subject to the notification obligationiv 
  : 
 Name:                     City and country of registered office 
  Prudential plc group      (if applicable): 
  of companies              London, England 
------------------------  --------------------------------------------------------------------------- 
 4. Full name of shareholder(s) (if different from 3.)v: 
  Prudential plc 
  M&G Group Limited 
  M&G Limited 
  M&G Investment Management Limited 
  M&G Securities Limited 
----------------------------------------------------------------------------------------------------- 
 5. Date on which the threshold was crossed or reachedvi: 
  08 December 2016 
----------------------------------------------------------------------------------------------------- 
 6. Date on which issuer notified: 
  09 December 2016 
----------------------------------------------------------------------------------------------------- 
 7. Threshold(s) that is/are crossed or reached: 
  6% - 7% 
----------------------------------------------------------------------------------------------------- 
 8. Total positions of person(s) subject to the notification 
  obligation: 
----------------------------------------------------------------------------------------------------- 
                           % of voting        % of voting                                Total number 
                           rights attached     rights through            Total of both    of voting 
                           to shares           financial instruments     in % (9.A        rights of 
                           (total of           (total of 9.B.1           + 9.B)           issuervii 
                           9.A)                + 9.B.2) 
------------------------  -----------------  -----------------------  ----------------  ------------- 
 Resulting 
  situation 
  on the date 
  on which threshold 
  was crossed 
  or reached              7.07%              N/A                      7.07%             34,666,201 
------------------------  -----------------  -----------------------  ----------------  ------------- 
 Position of 
  previous notification 
  (if applicable)         6.70%              N/A                      6.70%             34,666,201 
------------------------  -----------------  -----------------------  ----------------  ------------- 
 
 
 
 9. Notified details of the resulting situation on the 
  date on which the threshold was crossed or reachedviii: 
----------------------------------------------------------------------- 
 A: Voting rights attached to shares 
----------------------------------------------------------------------- 
 Class/type          Number of voting rightsix     % of voting rights 
  of shares 
  ISIN code 
  (if possible) 
------------------  ----------------------------  --------------------- 
 
                        Direct        Indirect      Direct    Indirect 
------------------  ------------  --------------  --------  ----------- 
ORD EURO0.60 
 IE0003290289                     2,451,512                 7.07% 
------------------  ------------  --------------  --------  ----------- 
 
 
 SUBTOTAL 
  A                 2,451,512                     7.07% 
------------------  ----------------------------  --------------------- 
 
 
 B 1: Financial Instruments according to Regulation 17(1)(a) 
  of the Regulations 
------------------------------------------------------------------------------------------------------- 
                                                               Number of voting 
   Type of financial     Expiration     Exercise/ Conversion    rights that 
   instrument            datex          Periodxi                may be acquired             % of voting 
                                                                if the instrument           rights 
                                                                is exercised/converted. 
--------------------  -------------  -----------------------  -------------------------  -------------- 
 
 
 
                                      SUBTOTAL B.1 
                                     -----------------------  -------------------------  -------------- 
 
 
 B 2: Financial Instruments with similar economic effect 
  according to Regulation 17(1)(b) of the Regulations 
------------------------------------------------------------------------------------------- 
 Type of financial   Expiration   Exercise/     Physical         Number 
  instrument          datex        Conversion    or cash          of voting     % of voting 
                                   Period xi     settlementxii    rights        rights 
------------------  -----------  ------------  ---------------  -----------  -------------- 
 
 
 
                                                SUBTOTAL 
                                                 B.2 
                                               ---------------  -----------  -------------- 
 
 
 10. Information in relation to the person subject to 
  the notification obligation (please tick the applicable 
  box): 
 
  [ ] Person subject to the notification obligation is 
  not controlled by any natural person or legal entity 
  and does not control any other undertaking(s) holding 
  directly or indirectly an interest in the (underlying) 
  issuer.xiii 
 
  [ ] Full chain of controlled undertakings through which 
  the voting rights and/or the 
  financial instruments are effectively held starting with 
  the ultimate controlling natural person or legal entityxiv: 
                                    % of voting rights 
   Namexv     % of voting rights     through financial     Total of both 
              if it equals           instruments if        if it equals 
              or is higher           it equals or          or is higher 
              than the notifiable    is higher than        than the notifiable 
              threshold              the notifiable        threshold 
                                     threshold 
---------  ----------------------  -------------------  ---------------------- 
Prudential plc (parent Company) - 2,451,512 (7.07%) 
------------------------------------------------------------------------------ 
M&G Group Limited (wholly owned subsidiary of Prudential 
 plc) - 2,451,512 (7.07%) 
------------------------------------------------------------------------------ 
M&G Limited (wholly owned subsidiary of M&G Group Limited) 
 - 2,451,512 (7.07%) 
------------------------------------------------------------------------------ 
M&G Investment Management Limited (wholly owned subsidiary 
 of M&G Limited) - 2,451,512 (7.07%) 
------------------------------------------------------------------------------ 
M&G Securities Limited (wholly owned subsidiary of M&G 
 Limited) - 2,317,651 (6.68%) 
------------------------------------------------------------------------------ 
 
 11. In case of proxy voting: [name of the proxy holder] 
  will cease to hold [% and number] voting rights as of 
  [date] 
------------------------------------------------------------------------------ 
 
 12. Additional informationxvi: 
------------------------------------------------------------------------------ 
 

Completed in London on 09 December 2016

Annex: Notification of major holdings (only to be filed with the Central Bank of Ireland and not with the relevant issuer)

 
 A: Identity of the person subject to the notification 
  obligation 
----------------------------------------------------------- 
 Full name (including legal form for legal entities) 
  Prudential Group of companies - please see attached forms 
  for details. 
----------------------------------------------------------- 
 Contact address (registered office for legal entities) 
  Laurence Pountney Hill, London EC4R 0HH, England 
----------------------------------------------------------- 
 E-Mail 
  M&[e-mail] 
----------------------------------------------------------- 
 Phone number / Fax number 
  020 7548 3266 
----------------------------------------------------------- 
 Other useful information (at least legal a contact person 
  for legal persons) 
  John Baker (Shareholder Disclosure Analyst) 
----------------------------------------------------------- 
 
 
 B: Identity of the notifier, if applicable 
------------------------------------------------------------- 
 Full name 
  M&G Investment Management Limited 
------------------------------------------------------------- 
 Contact address 
  Laurence Pountney Hill, London EC4R 0HH, England 
------------------------------------------------------------- 
 E-Mail 
  M&[e-mail] 
------------------------------------------------------------- 
 Phone number / Fax number 
  020 7548 3266 
------------------------------------------------------------- 
 Other useful information (e.g. functional relationship 
  with the person or legal entity subject to the notification 
  obligation) 
  John Baker (Shareholder Disclosure Analyst) - 020 7548 
  2561 
------------------------------------------------------------- 
 

Notes

i. Persons completing this form should have regard to the requirements of the Transparency (Directive 2004/109/EC) Regulations 2007 as amended (the "Regulations"), the Central Bank of Ireland's Transparency Rules (the "Transparency Rules") and Commission Delegated Regulation (EU) 2015/761 of 17 December 2014.

ii Full name of the legal entity and other identifying specification of the issuer or underlying issuer, provided it is reliable and accurate

(e.g. address, LEI, domestic number identity).

iii Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g. expiring of financial instruments) or acting in concert.

iv This should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of or exercising voting rights in the cases provided for in Regulation 15(b) to (h) of the Regulations (Article 10 (b) to (h) of Directive 2004/109/EC); or (c) the holder of financial instruments referred to in Regulation 17(1) of the Regulations (Article 13(1) of Directive 2004/109/EC).

As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g. same or different total positions of the parties, entering or exiting of acting in concert by a single party) the standard form does not provide for a specific method how to notify cases of acting in concert.

In relation to the transactions referred to in points (b) to (h) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the following list is provided as an indication of the persons who should be mentioned:

- in the circumstances foreseen in letter (b) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;

- in the circumstances foreseen in letter (c) of the Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the natural person or legal entity holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and natural person or legal entity lodging the collateral under these conditions;

- in the circumstances foreseen in letter (d) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the natural person or legal entity who has a life interest in shares if that person or entity is entitled to exercise the voting rights attached to the shares and the natural person or legal entity who is disposing of the voting rights when the life interest is created;

- in the circumstances foreseen in letter (e) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the controlling natural person or legal entity and, provided it has a notification duty at an individual level under Regulation 14 of the Regulations (Article 9 of Directive 2004/109/EC), under letters (a) to (d) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC) or under a combination of any of those situations, the controlled undertaking;

- in the circumstances foreseen in letter (f) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion;

- in the circumstances foreseen in letter (g) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the natural person or legal entity that controls the voting rights;

- in the circumstances foreseen in letter (h) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion (e.g. management companies).

v Applicable in the cases provided for in Regulation 15(b) to (h) of the Regulations (Article 10 (b) to (h) of Directive 2004/109/EC). This should be the full name of the shareholder who is the counterparty to the natural person or legal entity referred to in Regulation 15 of the Regulations (Article 10 Directive 2004/109/EC) unless the percentage of voting rights held by the shareholder is lower than

the lowest notifiable threshold for the disclosure of voting rights holdings in accordance with the requirements of the Regulations and the Transparency Rules.

vi The date on which threshold is crossed or reached should be the date on which the acquisition or disposal took place or the other reason triggered the notification obligation. For passive crossings, the date when the corporate event took effect.

vii The total number of voting rights shall be composed of all the shares, including depository receipts representing shares, to which voting rights are attached even if the exercise thereof is suspended.

viii If the holding has fallen below the lowest applicable threshold in accordance with the Regulations and the Transparency Rules the holder is not obliged to disclose the extent of the holding only that the holding is "below 3%" or "below 5%" as appropriate.

ix In case of combined holdings of shares with voting rights attached "direct holding" and voting rights "indirect holding", please split the voting rights number and percentage into the direct and indirect columns - if there is no combined holdings, please leave the relevant box blank.

x Date of maturity/expiration of the financial instrument i.e. the date when right to acquire shares ends.

xi If the financial instrument has such a period - please specify this period - for example once every 3 months starting from [date].

xii In case of cash settled instruments the number and percentages of voting rights is to be presented on a delta-adjusted basis (Regulation 17(4) of the Regulations/Article 13(1a) of Directive 2004/109/EC).

xiii If the person subject to the notification obligation is either controlled and/or does control another undertaking then the second option applies.

xiv The full chain of controlled undertakings, starting with the ultimate controlling natural person or legal entity, has to be presented also in cases in which only on subsidiary level a threshold is crossed or reached and the subsidiary undertaking discloses the notification, as only thus will the markets get a full picture of the group holdings. In the case of multiple chains through which the voting rights and/or financial instruments are effectively held, the chains have to be presented chain by chain leaving a row free between different chains (e.g.: A, B, C, free row, A, B, D, free row, A, E, F etc.).

xv The names of controlled undertakings through which the voting rights and/or financial instruments are effectively held have to be presented irrespective of whether the controlled undertakings cross or reach the lowest applicable threshold themselves.

xvi Example: Correction of a previous notification.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 09, 2016 11:26 ET (16:26 GMT)