Mercantile Investment Trust(The)PLC Holding(s) in Company (2647G)

TIDMMRC

RNS Number : 2647G

Mercantile Investment Trust(The)PLC

25 May 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                      The Mercantile Investment 
  the underlying issuer                                                            Trust plc 
  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 effect to qualifying financial 
  instruments 
----------------------------------------------------------------  -------------------------- 
 An event changing the breakdown of voting rights                             YES 
----------------------------------------------------------------  -------------------------- 
 Other (please 
  specify): 
-------------------------------------------------------  -------  -------------------------- 
 3. Full name of person(s)                                            Chase Nominees Limited 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------------  --------------------------------- 
 4. Full name of shareholder(s)                                       Chase Nominees Limited 
  (if different from 3.):(iv) 
---------------------------------------------------------  --------------------------------- 
 5. Date of the transaction                                                    24th May 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  --------------------------------- 
 6. Date on which issuer                                                       24th May 2017 
  notified: 
---------------------------------------------------------  --------------------------------- 
 7. Threshold(s) that is/are                                                        Below 3% 
  crossed or 
  reached: (vi, vii) 
---------------------------------------------------------  --------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 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 
 GB0000342218   5,249,343         4,325,197          5,249,343                  0                           0% 
               ----------------  -----------------  --------------  ---------  ------------  ------------  ----------- 
 
 
 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 
----------------------------------------------------  ---------------------------------------------------------------- 
 0                                                     0% 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------ 
 Chase Nominees Limited announces that J.P. Morgan Trustee 
  & Administration Services Limited no longer has a notifiable 
  interest in 4,325,197 Ordinary shares. These shares 
  are held on behalf of participants in the JPMorgan investment 
  trust savings products. J.P. Morgan Trustee & Administration 
  Services Limited has a notifiable interest in these 
  shares in certain circumstances and subject to certain 
  limitations agreed with the Takeover Panel to ensure 
  compliance with the Takeover Code. JPMorgan is entitled 
  to exercise the voting rights attached to the Ordinary 
  shares if the relevant plan participants do not do so. 
 
  JPMorgan was entitled to exercise the voting rights 
  attached to these Ordinary shares in relation to the 
  Company's Annual General Meeting held on 24th May 2017. 
  This entitlement has now ceased following the conclusion 
  of the Company's 2017 Annual General Meeting. 
 
 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: 
----------------------------------------------------------  ------------------------------ 
 
                                                                                       N/A 
  13. Additional information: 
----------------------------------------------------------  ------------------------------ 
 14. Contact name:                                                         Jonathan Latter 
----------------------------------------------------------  ------------------------------ 
 15. Contact telephone number:                                               020 7742 4000 
----------------------------------------------------------  ------------------------------ 
 
 
 
 
 
 
 
 
 
 
   Note: Annex should only be submitted to the FCA not 
   the issuer 
 Annex: Notification of major interests in share 
 
 A: Identity of the persons or legal entity subject to 
  the notification obligation 

------------------------------------------------------------------------------------------ 
 Full name                                                          Chase Nominees Limited 
  (including legal form of 
  legal entities) 
----------------------------------------------------------  ------------------------------ 
 Contact address                                                25 Bank Street, London E14 
  (registered office for legal                                                         5JP 
  entities) 
----------------------------------------------------------  ------------------------------ 
 Phone number & email                                                        020 7742 4000 
                                                               [e-mail] 
----------------------------------------------------------  ------------------------------ 
 Other useful information 
  (at least legal representative 
  for legal persons) 
----------------------------------------------------------  ------------------------------ 
 
 B: Identity of the notifier, if applicable 
------------------------------------------------------------------------------------------ 
 Full name                                                          JPMorgan Funds Limited 
----------------------------------------------------------  ------------------------------ 
 Contact address                                               60 Victoria Embankment EC4Y 
                                                                                       0JP 
----------------------------------------------------------  ------------------------------ 
 Phone number & email                                                        020 7742 4000 
                                                              [e-mail] 
----------------------------------------------------------  ------------------------------ 
 Other useful information 
  (e.g. functional relationship 
  with the person or legal 
  entity subject to the notification 
  obligation) 
----------------------------------------------------------  ------------------------------ 
 
 C: Additional information 
------------------------------------------------------------------------------------------ 
 
 For notes on how to complete form TR-1 please see the 
  FCA website. 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 25, 2017 09:09 ET (13:09 GMT)