Palace Capital PLC Holding(s) in Company (1170E)

TIDMPCA TIDMSDR

RNS Number : 1170E

Palace Capital PLC

04 May 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                              Palace Capital 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                                                           ü 
----------------------------------------------------------------------------------------------------  ------- 
 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                                         Type 1 disclosure as per the Transparency       ü 
  specify):                                            Directive II Regulation 
----------------------------------------------------  ----------------------------------------------  ------- 
 3. Full name of person(s)                                                  Schroders plc 
  subject to the 
  notification obligation: 
------------------------------------------------------  ----------------------------------------------------- 
 4. Full name of shareholder(s)                                  Schroders plc & Schroder Investment 
  (if different from 3.):                                                 Management Limited 
------------------------------------------------------  ----------------------------------------------------- 
 5. Date of the transaction                                                    02.05.17 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
------------------------------------------------------  ----------------------------------------------------- 
 6. Date on which issuer                                                       03.05.17 
  notified: 
------------------------------------------------------  ----------------------------------------------------- 
 7. Threshold(s) that is/are                                                From 12% - 11% 
  crossed or 
  reached: 
------------------------------------------------------  ----------------------------------------------------- 
 
 
 
 8. Notified details: 
-------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
-------------------------------------------------------------------------------------------------------------------------- 
 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 
                 Shares                      Voting                            rights 
                                             Rights 
-------------  --------------------------  ----------------  --------------  -----------------------  -------------------- 
                                                              Direct          Direct     Indirect      Direct    Indirect 
-------------      ---------  -----------      ------------  --------------  ---------  ------------  --------  ---------- 
   Ordinary 
 
 GB00BF5SGF06           3,063,723              3,063,723        3,016,223       N/A       3,016,223      N/A      11.993% 
               --------------------------  ----------------  --------------  ---------  ------------  --------  ---------- 
 
 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                                    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 voting           % of voting 
 financial        price         date             Conversion      rights instrument          rights 
 instrument                                      period          refers to 
---------------  -----------  ---------------  --------------  -------------------------  -------------------------------- 
                                                                                                 Nominal           Delta 
---------------  -----------  ---------------  --------------  -------------------------  --------------------  ---------- 
 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ----------------------------------------------------------- 
                          3,016,223                                                      11.993% 
-------------------------------------------------------------  ----------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
------------------------------------------------------------------------------------------------- 
 Schroder Investment Management Limited 3,016,223 11.993% 
 
 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: 
-------------------------------------------------------------  ---------------------------------- 
 
                                                                The shares referred to in 
  13. Additional information:                                   section 9 are held in portfolios 
                                                                managed by those firms on 
                                                                a discretionary basis for 
                                                                clients under investment 
                                                                management agreements. This 
                                                                disclosure has been calculated 
                                                                based on issue share capital 
                                                                amount 25,150,692. 
-------------------------------------------------------------  ---------------------------------- 
 14. Contact name: 
                                                                          Shaheen Hussain 
-------------------------------------------------------------  ---------------------------------- 
 
 15. Contact telephone number:                                             020 7658 7941 
-------------------------------------------------------------  ---------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLEAXSDEFFXEFF

(END) Dow Jones Newswires

May 04, 2017 02:00 ET (06:00 GMT)