Styles & Wood Group PLC Holding(s) in Company (8383K)

TIDMSTY

RNS Number : 8383K

Styles & Wood Group PLC

26 September 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                      Styles & Wood 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                           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)                                        Business Growth Fund PLC 
  subject to the                                                   (a/c BGF Investments LP) 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ---------------------------------- 
 4. Full name of shareholder(s)                                  Pershing Securities Limited 
  (if different from 3.):(iv)                                  (via Pershing Nominees Limited) 
-----------------------------------------------------------  ---------------------------------- 
 5. Date of the transaction                                              26/09/2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ---------------------------------- 
 6. Date on which issuer                                                 26/09/2016 
  notified: 
-----------------------------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                 25%, 24%, 23%, 22% 
-----------------------------------------------------------  ---------------------------------- 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
----------------------------------------------------------------------------------------------------------------------- 
 Class/type       Situation                           Resulting situation after the 
  of               previous                            triggering transaction 
  shares           to the triggering 
                   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) 
-------------      ------------      ------------    --------------  ---------  ------------  ------------  ----------- 
 Ordinary 
  Shares             1,516,429         1,516,429                                  1,516,429      17.97% 
                 ----------------  ----------------  --------------  ---------  ------------  ------------  ----------- 
 GB00BLG2TG58 
---------------    ------------      ------------      ------------    -------  ------------      --------    --------- 
 
 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) 
-------------  ----------------  ----------------  ----------------  -------------------------  ----------------------- 
 Convertible 
  Preference    GBP                                 12/2015 
  Shares         9.375            12/2019            - 12/2019                309,333            Nominal       Delta 
-------------  ----------------  ----------------  ----------------  -------------------------  ------------  --------- 
                                                                                                    3.67% 
-------------      ------------      ------------      ------------    -------  ------------    ------------  --------- 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                Percentage of voting rights 
-----------------------------------------------------  ---------------------------------------------------------------- 
                      1,825,762                                                     21.64% 
-----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------------------------------- 
 
 
 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:                                     Exercise of warrants granted 
                                                                         on 26/09/2016 
 
                                                                   Percentage decrease given 
                                                                   the increase in the total 
                                                                   number of shares in issue 
 
                                                                    This disclosure has been 
                                                                   calculated based on total 
                                                                 voting rights in issue amount 
                                                                          of 8,439,550 
-------------------------------------------------------------  -------------------------------- 
 14. Contact name:                                                       David Murray 
-------------------------------------------------------------  -------------------------------- 
 15. Contact telephone number:                                           0131 224 0140 
-------------------------------------------------------------  -------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLLFMTTMBITBTF

(END) Dow Jones Newswires

September 26, 2016 08:44 ET (12:44 GMT)