Flowgroup plc Holding(s) in Company (2512I)

TIDMFLOW TIDMLGEN

RNS Number : 2512I

Flowgroup plc

15 June 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                           Flowgroup Plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: 
------------------------------------------------------------  -------------------------------- 
 2. Reason for the notification (please tick the appropriate 
  box or boxes): 
---------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                  Yes 
---------------------------------------------------------------  ----------------------------- 
 
   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)                                       Legal & General Group Plc 
  subject to the                                                          (Group) 
  notification obligation: 
                                                                Legal & General (Unit Trust 
                                                                  Managers) Limited (UTM) 
 
                                                                 Legal & General Investment 
                                                                 Management Limited (LGIM) 
----------------------------------------------------------  ---------------------------------- 
 4. Full name of shareholder(s)                                  Legal & General Assurance 
  (if different from 3.):                                              Society (LGAS) 
----------------------------------------------------------  ---------------------------------- 
                                                                       13 June 2017 
   5. Date of the transaction 
   and date on 
   which the threshold is 
   crossed or 
   reached: 
----------------------------------------------------------  ---------------------------------- 
 6. Date on which issuer                                               15 June 2017 
  notified: 
----------------------------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are                                    LGIM (Above 15%) L&G (Above 
  crossed or                                                         3%) UTM (Above 5%) 
  reached: 
----------------------------------------------------------  ---------------------------------- 
 
 
 
 8. Notified details: 
--------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
--------------------------------------------------------------------------------------------------------------------------- 
 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 of voting               % of voting 
                     of                of                                         rights                      rights 
                   Shares            Voting 
                                     Rights 
------------  ----------------  ----------------                    --------------------------------  --------------------- 
                                                       Number           Direct          Indirect        Direct    Indirect 
                                                      of shares 
------------      ------------      ------------  ----------------  --------------  ----------------  ---------  ---------- 
                           L&G Group 
                      (First notification 
 ORD                    under DTR Source 
 GBP0.001                    Book)                   125,000,000      125,000,000                       8.78% 
------------  ----------------------------------  ----------------  --------------  ----------------  ---------  ---------- 
                             LGIM 
                      (First notification 
                        under DTR Source 
                             Book)                   250,000,000                       250,000,000                 17.56% 
------------  ----------------------------------  ----------------  --------------  ----------------  ---------  ---------- 
                              UTM 
                      (First notification 
                        under DTR Source 
                             Book)                   125,000,000                       125,000,000                  8.78% 
------------  ----------------------------------  ----------------  --------------  ----------------  ---------  ---------- 
 
 B: Qualifying Financial Instruments 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
                                                                       Number of 
  Type of            Expiration        Exercise/                        voting             % of voting 
  financial          date              Conversion                       rights that        rights 
  instrument                           Period                           may be 
                                                                        acquired 
                                                                        if the 
                                                                        instrument 
                                                                        is 
                                                                        exercised/ 
                                                                        converted. 
----------------  ----------------  --------------------------------  ----------------  ----------------------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
 
  Type of          Exercise          Expiration        Exercise/      Number of          % of voting 
  financial        price             date              Conversion     voting             rights 
  instrument                                           period         rights 
                                                                      instrument 
                                                                      refers to 
--------------  ----------------  ----------------  --------------  ----------------  ------------------------------------- 
                                                                                           Nominal             Delta 
--------------  ----------------  ----------------  --------------  ----------------  ----------------  ------------------- 
 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                               Percentage of voting rights 
----------------------------------------------------  --------------------------------------------------------------------- 
 
                      250,000,000                                                     17.56% 
----------------------------------------------------  --------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
-------------------------------------------------------------------------------------------------------------------- 
                                                                               Legal & General Group Plc (Direct and 
                                                                           Indirect) (Group) ( 250,000,000 -17.56% = 
                                                                                                     Total Position) 
                                                                               Legal & General Investment Management 
                                                                              (Holdings) Limited (LGIMH) (Direct and 
                                                                                             Indirect) ( 250,000,000 
                                                                                          - 17.56% = Total Position) 

                                                                               Legal & General Investment Management 
                                                                           Limited (Indirect) (LGIM) ( 250,000,000 - 
                                                                                                      17.56% = Total 
                                                                                                           Position) 
                                                                               Legal & General (Unit Trust Managers) 
                                                                                  Limited ( 125,000,000 -8.78%= UTM) 
                                   Legal & General Group Plc (Direct) (L&G) ( 125,000,000 -8.78% = LGAS, LGPL & PMC) 
                              Legal & General Investment Management       Legal & General Insurance Holdings Limited 
                                                         (Holdings) Limited (Direct) (LGIMHD)        (Direct) (LGIH) 
                               Legal & General Assurance (Pensions         Legal & General Assurance Society Limited 
                                                           Management) Limited (PMC)                   (LGAS & LGPL) 
                                                                           Legal & General Pensions Limited (Direct) 
                                                                                                              (LGPL) 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                                                 N/A 
---------------------------------------------------------------------------  --------------------------------------- 
 11. Number of voting rights proxy                                                             N/A 
  holder will cease 
  to hold: 
---------------------------------------------------------------------------  --------------------------------------- 
 12. Date on which proxy holder will                                                           N/A 
  cease to hold 
  voting rights: 
---------------------------------------------------------------------------  --------------------------------------- 
 
                                                                                   Notification using the total 
  13. Additional information:                                                  voting rights figure of 1,423,583,793 
---------------------------------------------------------------------------  --------------------------------------- 
 14. Contact name:                                                                     Amy Williams (LGIM) 
---------------------------------------------------------------------------  --------------------------------------- 
 15. Contact telephone number:                                                            029 2035 4097 
---------------------------------------------------------------------------  --------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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June 15, 2017 11:48 ET (15:48 GMT)