Mears Group PLC TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (5243I)

TIDMMER

RNS Number : 5243I

Mears Group PLC

31 August 2016

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
------------------------------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the underlying                                   MEARS GROUP PLC 
  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                                                         x 
--------------------------------------------------------------------------------  -------------------------------------- 
 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) subject                                         Neptune Investment Management Limited 
  to the 
  notification obligation: 
------------------------------------------------------------------------  ---------------------------------------------- 
 4. Full name of shareholder(s)                                            n/a 
  (if different from 3.): 
------------------------------------------------------------------------  ---------------------------------------------- 
 5. Date of the transaction and date                                       30(th) August 2016 
  on 
  which the threshold is crossed 
  or 
  reached: 
------------------------------------------------------------------------  ---------------------------------------------- 
 6. Date on which issuer notified:                                         30(th) August 2016 
------------------------------------------------------------------------  ---------------------------------------------- 
 7. Threshold(s) that is/are crossed                                       Below 10% 
  or 
  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         Number of voting           % of voting rights 
                  of               of               of shares      rights 
                  Shares           Voting 
                                   Rights 
--------------  ---------------  ---------------  -------------  -------------------------  --------------------------- 
                                                   Direct         Direct        Indirect     Direct        Indirect 
--------------      -----------    -----------    -------------  ------------  -----------  ------------  ------------- 
 
  GB0005630420   10,464,555       10,464,555       9,964,555      9,964,555     n/a          9.72%         n/a 
                ---------------  ---------------  -------------  ------------  -----------  ------------  ------------- 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration     Exercise/                       Number of voting             % of voting 
  instrument          date           Conversion Period               rights that may              rights 
                                                                     be 
                                                                     acquired if the 
                                                                     instrument is 
                                                                     exercised/ converted. 
------------------  -------------  ------------------------------  ---------------------------  ----------------------- 
 n/a                 n/a            n/a                             n/a                          n/a 
------------------  -------------  ------------------------------  ---------------------------  ----------------------- 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
----------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------- 
 Type of           Exercise       Expiration     Exercise/        Number of voting             % of voting rights 
 financial          price         date           Conversion        rights instrument 
 instrument                                      period            refers to 
----------------  -------------  -------------  ---------------  ---------------------------  ------------------------- 
 n/a               n/a            n/a            n/a              n/a                          Nominal       Delta 
----------------  -------------  -------------  ---------------  ---------------------------  ------------  ----------- 
                                                                                               n/a           n/a 
--------------      -----------    -----------      -----------    ----------  -----------    ------------  ----------- 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                             Percentage of voting rights 
--------------------------------------------------  ------------------------------------------------------------------- 
 9,964,555                                           9.72% 
--------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
--------------------------------------------------------------------------------------- 
 
   n/a 
 
 Proxy Voting: 
--------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                                      n/a 
----------------------------------------------------------------------  --------------- 
 11. Number of voting rights proxy holder will                                      n/a 
  cease 
  to hold: 
----------------------------------------------------------------------  --------------- 
 12. Date on which proxy holder will cease to                                       n/a 
  hold 
  voting rights: 
----------------------------------------------------------------------  --------------- 
 
 
  13. Additional information:                                                       n/a 
----------------------------------------------------------------------  --------------- 
 14. Contact name:                                                       Kieran Raymond 
----------------------------------------------------------------------  --------------- 
 15. Contact telephone number:                                            020 3249 0197 
----------------------------------------------------------------------  --------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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August 31, 2016 03:28 ET (07:28 GMT)