National Express Group PLC Holding(s) in Company (8174Z)

TIDMNEX

RNS Number : 8174Z

National Express Group PLC

17 March 2017

 
 TR-1: Notification of Major Interests in Shares 
----------------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                                          National Express Group Plc 
  issuer 
  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                                                        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                                              Newton Investment Management Limited 
  to the 
  notification obligation: (iii) 
--------------------------------------------------------------------------  ------------------------------------------- 
 4. Full name of shareholder(s)                                                                 N/A 
  (if different from 3.):(iv) 
--------------------------------------------------------------------------  ------------------------------------------- 
 5. Date of the transaction and date                                                       15 March 2017 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------------------------------------  ------------------------------------------- 
 6. Date on which issuer notified:                                                         16 March 2017 
--------------------------------------------------------------------------  ------------------------------------------- 
 7. Threshold(s) that is/are crossed                                                     Falling below 10% 
  or 
  reached: (vi, vii) 
--------------------------------------------------------------------------  ------------------------------------------- 
 
 
 
 8. Notified details: GB0006215205 
---------------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------------------- 
 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                    (x) 
                 Shares                      Voting 
                                             Rights 
-------------  --------------------------  ----------------  -------------  ------------------------  ---------------------------- 
                                                              Direct         Direct (xi)    Indirect   Direct        Indirect 
                                                                                             (xii) 
-------------      ---------  -----------      ------------  -------------  -------------  ---------  ------------  -------------- 
 Ordinary 
 Shares 
 GB0006215205   51,210,362                  51,210,362        51,165,295     51,165,295     N/A        9.99% 
               --------------------------  ----------------  -------------  -------------  ---------  ------------  -------------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration                Exercise/                        Number of voting            % of voting 
 financial           date (xiii)               Conversion Period                rights that may             rights 
 instrument                                    (xiv)                            be 
                                                                                acquired if the 
                                                                                instrument is 
                                                                                exercised/ converted. 
-----------------  ------------------------  -------------------------------  --------------------------  ------------------------ 
 N/A 
-----------------  ------------------------  -------------------------------  --------------------------  ------------------------ 
 
 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 rights 
 financial        price         date (xvii)      Conversion      rights instrument                        (xix, xx) 
 instrument                                      period          refers to 
                                                 (xviii) 
---------------  -----------  ---------------  --------------  ---------------------------------------  -------------------------- 
 N/A                                                                                                     Nominal       Delta 
---------------  -----------  ---------------  --------------  ---------------------------------------  ------------  ------------ 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ------------------------------------------------------------------- 
 51,165,295                                                     9.99% 
-------------------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------------------------------ 
 
   Newton Investment Management Ltd. holds these shares as a discretionary 
   fund manager. 
 
 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:                                                       Joy Baldry, Company Secretary 
----------------------------------------------------------------------  ------------------------------ 
 15. Contact telephone number:                                                   020 7805 3801 
----------------------------------------------------------------------  ------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 17, 2017 11:30 ET (15:30 GMT)