Palace Capital PLC Holding(s) in Company (1713K)

TIDMPCA

RNS Number : 1713K

Palace Capital PLC

05 July 2017

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Palace Capital plc

2 Reason for the notification (delete as appropriate):

An acquisition or disposal of voting rights

3. Full name of person(s) subject to the notification obligation:

SFM UK Management LLP,

SFM Holdings Limited,

Soros Fund Management LLC

4. Full name of shareholder(s) (if different from 3.):

Morgan Stanley & Co. LLC

5. Date of the transaction and date on which the threshold is crossed or reached:

27 June 2017

6. Date on which issuer notified:

03 July 2017

7. Threshold(s) that is/are crossed or reached:

Below 5%

8. Notified details:

A: Voting rights attached to shares

 
 Class/type         Situation previous to the 
  of shares          triggering transaction 
 
  if possible 
  using the ISIN 
  CODE 
-----------------  ---------------------------------- 
                    Number of Shares   Number of 
                                        Voting Rights 
-----------------  -----------------  --------------- 
 GB00BF5SGF06       1,831,219          1,831,219 
-----------------  -----------------  --------------- 
 
 
 Class/type      Resulting situation after the triggering 
  of shares       transaction 
 
  if possible 
  using the 
  ISIN CODE 
--------------  --------------------------------------------------------- 
                 Number        Number of voting      % of voting rights 
                  of shares     rights 
--------------  ------------  --------------------  --------------------- 
                 Direct        Direct    Indirect    Direct     Indirect 
--------------  ------------  --------  ----------  ---------  ---------- 
 GB00BF5SGF06    N/A           N/A       1,095,219   N/A        4.35% 
--------------  ------------  --------  ----------  ---------  ---------- 
 

B: Qualifying Financial Instruments

 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------- 
 Type of financial   Expiration   Exercise/     Number of      % of voting 
  instrument          date         Conversion    voting         rights 
                                   Period        rights that 
                                                 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     % of voting 
  financial     price      date         Conversion    voting        rights 
  instrument                            period        rights 
                                                      instrument 
                                                      refers 
                                                      to 
------------  ---------  -----------  ------------  ------------  ---------------- 
                                                                   Nominal   Delta 
------------  ---------  -----------  ------------  ------------  --------  ------ 
 
 

Total (A+B+C)

 
 Number of voting rights   Percentage of voting 
                            rights 
------------------------  --------------------- 
 1,095,219                 4.35% 
------------------------  --------------------- 
 

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Soros Fund Management LLC is a parent undertaking of SFM UK Holdings Limited which is a parent undertaking of SFM UK Management LLP.

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:

Jade Cornell

15. Contact telephone number:

020 7758 4800

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 05, 2017 04:30 ET (08:30 GMT)