Virgin Money Holdings (UK) PLC Holding(s) in Company (3948U)

TIDMVM. TIDMPRU

RNS Number : 3948U

Virgin Money Holdings (UK) PLC

17 January 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                          Virgin Money Holdings (UK) 
  the underlying issuer                                                            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 
------------------------------------------------------------------  ---------------------------------- 
 An acquisition or disposal of qualifying financial                                  X 
  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)                                       Prudential plc group of companies 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ----------------------------------------- 
 4. Full name of shareholder(s)                                            Prudential plc 
  (if different from 3.):(iv)                                     The Prudential Assurance Company 
                                                                               Limited 
-----------------------------------------------------------  ----------------------------------------- 
 5. Date of the transaction                                               13 January 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------------------- 
 6. Date on which issuer                                                  16 January 2017 
  notified: 
-----------------------------------------------------------  ----------------------------------------- 
 7. Threshold(s) that is/are                                                See item 13 
  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) 
-------------------      ------------    -------------    --------------  ---------  ------------  ------------  ----------- 
   ORD GBP0.0001 
     GB00BQP0644        12,572,436         12,572,436       16,018,229        0       16,018,229         0          3.60% 
-------------------  ----------------  -----------------  --------------  ---------  ------------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------- 
 Type of financial        Expiration      Exercise/                          Number of voting           % of voting 
  instrument               date            Conversion                         rights that                rights 
                           (xiii)          Period (xiv)                       may be 
                                                                              acquired if 
                                                                              the 
                                                                              instrument 
                                                                              is 
                                                                              exercised/ 
                                                                              converted. 
-----------------------  --------------  ---------------------------------  -------------------------  --------------------- 
     ORD GBP0.0001                                                                      0                      0.00% 
       GB00BQP0644 
    (Right of recall) 
-----------------------  --------------  ---------------------------------  -------------------------  --------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------- 
 Type of financial      Exercise        Expiration       Exercise/         Number of voting           % of voting 
  instrument             price          date             Conversion         rights instrument          rights (xix, 
                                        (xvii)           period             refers to                  xx) 
                                                         (xviii) 
---------------------  --------------  ---------------  ----------------  -------------------------  ----------------------- 
                                                                                                      Nominal       Delta 
---------------------  --------------  ---------------  ----------------  -------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                     Percentage of voting rights 
----------------------------------------------------------  ---------------------------------------------------------------- 
 16,018,229                                                  3.60% 
----------------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------------------------------- 
 
   Prudential plc (parent Company) - 16,018,229 (3.60%) 
   The Prudential Assurance Company Limited (wholly owned 
   subsidiary of Prudential plc) - 16,018,229 (3.60%) 
 
 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:                               The non-exempt indirect holdings 
                                                            for Prudential plc have moved 
                                                            above a 3% notifiable interest 
                                                            excluding the right of recall 
                                                            under the Qualifying Financial 
                                                            Instruments. We no longer 
                                                            have holdings subject to 
                                                            the Right of Recall. 
 
                                                            The Prudential Assurance 

                                                            Company Limited (wholly owned 
                                                            subsidiary of Prudential 
                                                            plc) has moved above a 3% 
                                                            indirect notifiable interest 
                                                            excluding the right of recall 
                                                            under the Qualifying Financial 
                                                            Instruments. 
-------------------------------------------------------  ----------------------------------- 
 14. Contact name:                                          Adam Key, Investor Relations/ 
                                                           Katie Marshall, Company Secretary 
-------------------------------------------------------  ----------------------------------- 
                                                                    020 7111 1311/ 
 15. Contact telephone number:                                       0191 279 6482 
-------------------------------------------------------  ----------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 17, 2017 10:53 ET (15:53 GMT)