Private & Commercial Fin Group Plc Holding(s) in Company (7062C)

TIDMPCF TIDMTTM

RNS Number : 7062C

Private & Commercial Fin Group Plc

19 April 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                         Private & Commercial Finance 
  the underlying issuer                                                                  Group 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                                      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                                 X 
----------------------------------------------------------------  -------------------------------- 
 Other (please 
  specify): 
---------------------------------------------------------  -----  -------------------------------- 
 3. Full name of person(s)                                                          Somers Limited 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ------------------------------------- 
 5. Date of the transaction                                                          07 April 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------- 
 6. Date on which issuer                                                             18 April 2017 
  notified: 
-----------------------------------------------------------  ------------------------------------- 
 7. Threshold(s) that is/are                                       Percentage movement from 67.93% 
  crossed or                                                                             to 65.37% 
  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) 
-------------      ------------    ------------    --------------  --------------  ------------  ------------  ----------- 
 
 GB0004189378   115,559,047       115,559,047       138,659,047     138,659,047                   65.37% 
-------------  ----------------  ----------------  --------------  --------------  ------------  ------------  ----------- 
 
 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 
---------------------------------------------------  --------------------------------------------------------------------- 
 138,659,047                                          65.37% 
---------------------------------------------------  --------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------ 
 
                                                          Somers Limited 23,100,000 10.89% 
                                       Bermuda Commercial Bank Limited* 115,559,047 54.48% 
 
 
 
                                             * A wholly owned subsidiary of Somers Limited 
 
 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:                                                         Alasdair Younie 
------------------------------------------------------------------------  ---------------- 
 15. Contact telephone number:                                             [phone] 
------------------------------------------------------------------------  ---------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 19, 2017 04:29 ET (08:29 GMT)