RSA Insurance Group PLC Holding(s) in Company (7391Z)

TIDMRSA

RNS Number : 7391Z

RSA Insurance Group PLC

16 March 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                                RSA Insurance 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)                                            Cevian Capital II G.P. Limited 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  --------------------------------------- 
 4. Full name of shareholder(s)                                              Aurora Nominees Limited 
  (if different from 3.):(iv) 
-----------------------------------------------------------  --------------------------------------- 
 5. Date of the transaction                                                            16 March 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------------- 
 6. Date on which issuer                                                               16 March 2017 
  notified: 
-----------------------------------------------------------  --------------------------------------- 
 7. Threshold(s) that is/are                                       Above 13% (Voting rights attached 
  crossed or                                                                              to shares) 
  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            voting                 rights (x) 
                   Shares        Voting        shares        rights 
                                 Rights 
--------------   ------------  ------------  ------------  ---------------------  ------------------- 
                                              Direct        Direct   Indirect      Direct    Indirect 
                                                            (xi)      (xii) 
--------------   ------------  ------------  ------------  -------  ------------  --------  --------- 
 Ordinary         98,375,366    98,375,366    n/a           n/a      137,645,130   n/a       13.5% 
                 ------------  ------------  ------------  -------  ------------  --------  --------- 
 GB00BKKMKR23 
---------------  ------------  ------------  ------------  -------  ------------  --------  --------- 
 
 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) 
--------------  -------------  ------------  ------------  ---------------------  ------------------- 
 CFD                                                        0                      Nominal   Delta 
--------------  -------------  ------------  ------------  ---------------------  --------  --------- 
                                                                                   0%        0% 
 --------------  ------------  ------------  ------------  -------  ------------  --------  --------- 
 
 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
 137,645,130               13.5% 
------------------------  ---------------------------- 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------------- 
 Cevian Capital II G.P. Limited (Cevian) acts as general 
  partner for Cevian Capital II Master Fund L.P. Cevian 
  is the indirect holder of the voting rights attached 
  to the shares. The legal owner of the shares is Aurora 
  Nominees Limited (acting as nominee), which holds the 
  shares on behalf of UBS AG (acting as custodian). 
 
 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: 
                                                                                      Elinor Bell 
                                                                   Deputy Group Company Secretary 
                                                                           Direct : 020 7111 1857 
------------------------------------------------------------  ----------------------------------- 
 15. Contact telephone number:                                 As above 
------------------------------------------------------------  ----------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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March 16, 2017 13:00 ET (17:00 GMT)