The Gym Group plc Holding(s) in Company (3525K)

TIDMGYM

RNS Number : 3525K

The Gym Group plc

20 September 2016

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                                          The Gym 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                                        SFM UK Management LLP, SFM UK Holdings 
  to the                                                                   Limited, Soros Fund Management LLC 
  notification obligation: (iii) 
-----------------------------------------------------------------------  ------------------------------------------- 
 4. Full name of shareholder(s)                                           Morgan Stanley & Co. LLC 
  (if different from 3.):(iv)                                              Citigroup Global Markets Limited 
-----------------------------------------------------------------------  ------------------------------------------- 
 5. Date of the transaction and date                                      16(th) September 2016 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
-----------------------------------------------------------------------  ------------------------------------------- 
 6. Date on which issuer notified:                                        19(th) September 2016 
-----------------------------------------------------------------------  ------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                      7% 
-----------------------------------------------------------------------  ------------------------------------------- 
 
 
 
 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) 
--------------      ------------      ------------  ------------  ---------  ------------  ------------  ------------- 
 
 
  GB00BZBX0P70   5,303,000         5,303,000         0             0          5,303,000     0%            4.13% 
                ----------------  ----------------  ------------  ---------  ------------  ------------  ------------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration        Exercise/                     Number of voting           % of voting 
  instrument          date (xiii)       Conversion Period             rights that may            rights 
                                        (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) 
----------------  ----------------  --------------  ------------  -------------------------  ------------------------- 
 Contract for                                                      3,695,097                  Nominal       Delta 
  Difference 
----------------  ----------------  --------------  ------------  -------------------------  ------------  ----------- 
                                                                                              2.88%         2.88% 
--------------      ------------      ------------  ------------    -------  ------------    ------------  ----------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  ---------------------------------------------------- 
                            8,998,097                                                     7.01% 
----------------------------------------------------------------  ---------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------------------- 
 
   Soros Fund Management LLC is a parent undertaking of SFM UK Holdings 
   Limited which is a parent undertaking of SFM UK Management LLP 
 
 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:                                                        N/A 
----------------------------------------------------------------------------  -------------- 
 14. Contact name:                                                             Jade Cornell 
----------------------------------------------------------------------------  -------------- 
 15. Contact telephone number:                                                 020 7758 4800 
----------------------------------------------------------------------------  -------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 20, 2016 09:31 ET (13:31 GMT)