Shanks Group PLC Holding(s) in Company (Correction) (3696T)

TIDMSKS

RNS Number : 3696T

Shanks Group PLC

04 January 2017

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                              SHANKS GROUP PLC 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: 
--------------------------------------------------------  --------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                             ü 
-----------------------------------------------------------  ------------------------------ 
 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)                                    STERLING STRATEGIC VALUE FUND 
  subject to the                                                           S.A., SICAV-RAIF 
  notification obligation: 
------------------------------------------------------  ----------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.): 
------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction                                                  1 January 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                                     3 January 2017 
  notified: 
------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are 
  crossed or                                                                       Below 3% 
  reached: 
------------------------------------------------------  ----------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares 
------------------------------------------------------------------------------------------------------ 
 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 
                  Shares        Voting                      rights 
                                Rights 
--------------  ------------  ------------  ------------  ---------------------  --------------------- 
                                             Direct        Direct   Indirect      Direct    Indirect 
--------------  ------------  ------------  ------------  -------  ------------  --------  ----------- 
 Ordinary 
  shares          25,925,000   25,925,000 
                ------------  ------------  ------------  -------  ------------            ----------- 
 GB0007995243                                                                       Below 
                                                                                       3% 
--------------  ------------  ------------  ------------  -------  ------------  --------  ----------- 
 
 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                    Period                      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 voting       % of voting 
  financial       price        date          Conversion     rights instrument      rights 
  instrument                                 period         refers to 
--------------  ------------  ------------  ------------  ---------------------  --------------------- 
                                                                                  Nominal   Delta 
--------------  ------------  ------------  ------------  ---------------------  --------  ----------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                   Percentage of voting rights 
--------------------------------------------------------  -------------------------------------------- 
 
   Below 3%                                                  Below 3% 
--------------------------------------------------------  -------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
------------------------------------------------------------------------------------------------- 
 
 
 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:                                   This disclosure has been 
                                                                calculated based on total 
                                                                voting rights in issue in 
                                                                the amount of 609,580,890. 
                                                                On 1 January 2017, Notz, 
                                                                Stucki Europe S.A were appointed 
                                                                to act as alternative investment 
                                                                fund manager in respect of 
                                                                Sterling Strategic Value 
                                                                Fund S.A., SICAV RAIF's interest 
                                                                in the 25,925,000 shares 
                                                                in Shanks Group Plc. On that 
                                                                date Sterling Strategic Value 
                                                                Fund S.A., SICAV RAIF ceased 
                                                                to have a right to exercise, 
                                                                directly or indirectly, voting 
                                                                rights in relation to such 
                                                                shares. Such 25,925,000 shares 
                                                                are held by UBS Europe SE, 
                                                                Luxembourg Branch as depositary 
                                                                bank for Sterling Strategic 
                                                                Value Fund S.A., SICAV RAIF 
                                                                and Notz, Stucki Europe S.A. 
                                                                have discretion to exercise 
                                                                the voting rights attached 
                                                                to those shares. 

-------------------------------------------------------------  ---------------------------------- 
 14. Contact name:                                               Mr. Paolo Faraone or Mr.Girolamo 
                                                                                           Salice 
-------------------------------------------------------------  ---------------------------------- 
 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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January 04, 2017 11:39 ET (16:39 GMT)