ISG PLC Holding(s) in Company (1966S)

TIDMISG

RNS Number : 1966S

ISG PLC

15 March 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
--------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                                                     ISG 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): 
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 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 effect to qualifying financial 
  instruments 
-------------------------------------------------------------------  ------------------------------------ 
 An event changing the breakdown of voting rights 
-------------------------------------------------------------------  ------------------------------------ 
 Other (please 
  specify): 
-----------------------------------------------------------  ------  ------------------------------------ 
 3. Full name of person(s)                                                          Cathexis Holdings, LP 
  subject to the 
  notification obligation: 
  (iii) 
-------------------------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s)                                             Cathexis Stocks, LP, a wholly 
  (if different from 3.):(iv)                                                owned subsidiary of Cathexis 
                                                                           Holdings, LP, holds 32,715,147 
                                                                                         ordinary shares; 
                                                                                (1) N.Y. Nominees Limited 
                                                                        <BELLA> holds 29,615,136 ordinary 
                                                                           shares as nominee for Cathexis 
                                                                                              Stocks, LP; 
                                                                             (2) Goldman Sachs Securities 
                                                                               (Nominees) Limited <COSEG> 
                                                                          holds 3,100,011 ordinary shares 
                                                                          as nominee for Cathexis Stocks, 
                                                                                                 LP; and, 
                                                                        (3) Cathexis UK Holdings Limited, 
                                                                                a wholly owned subsidiary 
                                                                                of Cathexis Holdings, LP, 
                                                                              has received acceptances in 
                                                                           respect of its mandatory offer 
                                                                                for ISG plc in respect of 
                                                                               12,314,322 ordinary shares 
-------------------------------------------------------------  ------------------------------------------ 
 5. Date of the transaction                                                                 14 March 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-------------------------------------------------------------  ------------------------------------------ 
 6. Date on which issuer                                                                    15 March 2016 
  notified: 
-------------------------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are                                                              90.40% - 91.00% 
  crossed or 
  reached: (vi, vii) 
-------------------------------------------------------------  ------------------------------------------ 
 
 
 
 8. Notified details: 
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 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) 
------------  -----------  -----------  ------------  -----------  ------------  --------  --------- 
 Ordinary 
  Shares       44,733,995   44,733,995   45,029,469    45,029,469                 91.00% 
              -----------  -----------  ------------  -----------  ------------  --------  --------- 
 
 
 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 
--------------------------------------  ------------------------------------------------------------ 
 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------ 
              Cathexis Stocks, LP and Cathexis UK Holdings Limited 
          are both wholly owned subsidiaries of Cathexis Holdings, 
                                                               LP. 
 
 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: 
------------------------------------------------------------  ---- 
 15. Contact telephone number: 
------------------------------------------------------------  ---- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 15, 2016 12:19 ET (16:19 GMT)