Mears Group PLC TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (9693N)

TIDMMER

RNS Number : 9693N

Mears Group PLC

01 November 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                                                 Yes 
------------------------------------------------------------------------  ---------------------------------------- 
 An acquisition or disposal of qualifying financial instruments                              No 
  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                             No 
  effect to qualifying financial instruments 
------------------------------------------------------------------------  ---------------------------------------- 
 An event changing the breakdown of voting rights                                            No 
------------------------------------------------------------------------  ---------------------------------------- 
 Other (please                                                                               No 
  specify): 
-------------------------------------------------------------------  ---  ---------------------------------------- 
 3. Full name of person(s) subject                                                          PrimeStone Capital LLP 
  to the 
  notification obligation: 
--------------------------------------------------------------------  -------------------------------------------- 
 4. Full name of shareholder(s)                                            PrimeStone Capital Irish Holdco Limited 
  (if different from 3.): 
--------------------------------------------------------------------  -------------------------------------------- 
 5. Date of the transaction and date                                                               27 October 2016 
  on 
  which the threshold is crossed 
  or 
  reached: 
--------------------------------------------------------------------  -------------------------------------------- 
 6. Date on which issuer notified:                                                                 31 October 2016 
--------------------------------------------------------------------  -------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached:                                                                                                      5% 
--------------------------------------------------------------------  -------------------------------------------- 
 
 
 
 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   5 098 626        5 098 626        7 438 626      7 438 626     NA           7.25%         NA 
               ---------------  ---------------  -------------  ------------  -----------  ------------  ------------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration     Exercise/                       Number of voting             % of voting 
 financial           date           Conversion Period               rights that may              rights 
 instrument                                                         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 voting             % of voting rights 
 financial         price         date           Conversion        rights instrument 
 instrument                                     period            refers to 
---------------  -------------  -------------  ---------------  ---------------------------  ------------------------- 
                                                                                              Nominal       Delta 
---------------  -------------  -------------  ---------------  ---------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                            Percentage of voting rights 
-------------------------------------------------  ------------------------------------------------------------------- 
 
                     7 438 626                                                    7.25% 
-------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
----------------------------------------------------------------------------------------------- 
 
 
 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:                                                              Martin Donnelly 
----------------------------------------------------------------------------  ----------------- 
 15. Contact telephone number:                                                 [phone] 
----------------------------------------------------------------------------  ----------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 01, 2016 04:30 ET (08:30 GMT)