Ground Rents Income Fund PLC Holding(s) in Company (8477W)

TIDMGRIO TIDMSDR

RNS Number : 8477W

Ground Rents Income Fund PLC

14 February 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                             Ground Rents Income Fund 
  the underlying issuer                                                              plc 
  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                                                             ü 
------------------------------------------------------------------------------------------------------  ------- 
 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                                         Type 1 disclosure as per the Transparency         ü 
  specify):                                            Directive II Regulation 
----------------------------------------------------  ------------------------------------------------  ------- 
 3. Full name of person(s)                                        Schroders plc & Schroder Investment 
  subject to the                                                           Management Limited 
  notification obligation: 
  (iii) 
------------------------------------------------------  ------------------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
------------------------------------------------------  ------------------------------------------------------- 
 5. Date of the transaction                                                     09.02.17 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
------------------------------------------------------  ------------------------------------------------------- 
 6. Date on which issuer                                                        13.02.17 
  notified: 
------------------------------------------------------  ------------------------------------------------------- 
 7. Threshold(s) that is/are                                          Above 5%, 10%, 11%, 12%, 13% 
  crossed or                                                                      & 14% 
  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) 
-------------      -------------    -------------    --------------  ---------  -------------  ----------  ----------- 
                     Below              Below 
   Ordinary            5%                 5%           13,630,000       N/A       13,630,000       N/A       14.593% 
               -----------------  -----------------  --------------  ---------  -------------  ----------  ----------- 
 GB00B715WG26 
-------------      -------------    -------------    ------------      -------  -------------    --------    --------- 
 
 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 
-----------------------------------------------------------------  --------------------------------------------------- 
 
                             13,630,000                                                   14.593% 
-----------------------------------------------------------------  --------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------------- 
 Schroder & Co. Limited 1,230,000 1.317% 
  Schroders Investment Management Limited 12,400,000 13.276% 
 
 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: 
-------------------------------------------------------------  ---------------------------------- 
 
                                                                The shares referred to in 
  13. Additional information:                                   section 9 are held in portfolios 
                                                                managed by those firms on 
                                                                a discretionary basis for 
                                                                clients under investment 
                                                                management agreements. This 
                                                                disclosure has been calculated 
                                                                based on issue share capital 
                                                                amount 93,402,011. 
-------------------------------------------------------------  ---------------------------------- 
 14. Contact name: 
                                                                          Shaheen Hussain 

-------------------------------------------------------------  ---------------------------------- 
 
 15. Contact telephone number:                                             020 7658 6000 
-------------------------------------------------------------  ---------------------------------- 
 
 

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The company news service from the London Stock Exchange

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February 14, 2017 07:00 ET (12:00 GMT)