Paysafe Group PLC TR-1 Notification of Major Interest in Shares (7759O)

TIDMPAYS

RNS Number : 7759O

Paysafe Group PLC

09 November 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                           Paysafe Group Plc 
  the underlying 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)                                        Bain Capital Public Equity 
  subject to the                                                        Management, LLC 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ----------------------------------- 
 4. Full name of shareholder(s)                                              N/A 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction                                            1 November 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                               8 November 2016 
  notified: 
-----------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are                                               Above 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) 
-------------      ------------    -------------    --------------  ---------  ------------  ------------  ----------- 
 GB0034264548   14,631,266        14,631,266         14,725,666                 14,725,666                  3.01% 
               ----------------  -----------------  --------------  ---------  ------------  ------------  ----------- 
 
 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. 
-----------------  --------------  ---------------------------------  -------------------------  --------------------- 
       N/A               N/A                      N/A                            N/A                      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 
 financial         price          date             Conversion         rights instrument          rights (xix, 
 instrument                       (xvii)           period             refers to                  xx) 
                                                   (xviii) 
---------------  --------------  ---------------  ----------------  -------------------------  ----------------------- 
      N/A              N/A             N/A               N/A                   N/A              Nominal       Delta 
---------------  --------------  ---------------  ----------------  -------------------------  ------------  --------- 
                                                                                                    N/A         N/A 
-------------      ------------    -------------      ------------    -------  ------------    ------------  --------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                               Percentage of voting rights 
----------------------------------------------------  ---------------------------------------------------------------- 
 14,725,666                                            3.01% 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------------------------------------------------------- 
 This statement is being filed by Bain Capital Public 
  Equity Management, LLC ("BCPE Management") on behalf 
  of the following: (i) Brookside Capital Trading Fund, 
  L.P. ("Trading Fund"), whose general partner is Brookside 
  Capital Investors II, L.P., whose general partner is 
  BCPE Management, and (i) Brookside Capital Partners 
  Fund III, L.P. ("Partners Fund III"), whose general 
  partner is Brookside Capital Investors III, L.P., whose 
  general partner is BCPE Management. Trading Fund holds 
  13,781,964 shares, or 2.81% of voting rights. Partners 
  Fund III, L.P. holds 943,702 shares, or 0.19% of voting 
  rights. 
 
 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: 
-------------------------------------------------------  ----------------------------------------------------------- 
 
 
  13. Additional information:                                            Please note, the total amount 
                                                                           of voting rights has been 
                                                                          rounded to 2 decimal places 
                                                                        therefore there is a possibility 
                                                                              of a rounding error. 
 

                                                            General email contact: [e-mail] 
-------------------------------------------------------  ----------------------------------------------------------- 
 14. Contact name:                                                        Adriana Rojas Garzón 
-------------------------------------------------------  ----------------------------------------------------------- 
 15. Contact telephone number:                                                 [phone] 
-------------------------------------------------------  ----------------------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 09, 2016 09:22 ET (14:22 GMT)