Virgin Money Holdings (UK) PLC Holding(s) in Company (1054Q)

TIDMVM. TIDM42SB

RNS Number : 1054Q

Virgin Money Holdings (UK) PLC

24 November 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying                                      VIRGIN MONEY HOLDINGS (UK) PLC 
  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                                    X 
  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) subject                                                The Goldman Sachs Group, Inc. 
  to the 
  notification obligation: (iii) 
----------------------------------------------------------------------  ------------------------------------------------ 
 4. Full name of shareholder(s)                                                    Goldman Sachs International 
  (if different from 3.):(iv)                                                          Goldman, Sachs & Co. 
                                                                               Goldman Sachs Asset Management, L.P. 
                                                                             Goldman Sachs Asset Management Australia 
                                                                                             PTY LTD 
----------------------------------------------------------------------  ------------------------------------------------ 
 5. Date of the transaction and date                                                    21 November 2016 
  on 
  which the threshold is crossed or 
  reached: (v) 
----------------------------------------------------------------------  ------------------------------------------------ 
 6. Date on which issuer notified:                                                      23 November 2016 
----------------------------------------------------------------------  ------------------------------------------------ 
 7. Threshold(s) that is/are crossed                                                        Above 3% 
  or 
  reached: (vi, vii) 
----------------------------------------------------------------------  ------------------------------------------------ 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
----------------------------------------------------------------------------------------------------------- 
 Class/type of     Situation previous              Resulting situation after the triggering 
  shares            to the triggering               transaction 
                    transaction 
  if possible 
  using 
  the ISIN CODE 
----------------  ------------------------------  --------------------------------------------------------- 
                   Number          Number          Number         Number of voting      % of voting rights 
                    of              of              of shares      rights                (x) 
                    Shares          Voting 
                                    Rights 
---------------   --------------  --------------  -------------  --------------------  -------------------- 
                                                   Direct         Direct    Indirect    Direct    Indirect 
                                                                  (xi)       (xii) 
---------------    ------------    ------------   -------------  --------  ----------  --------  ---------- 
 
 
   GB00BQ8P0644      Below 3%        Below 3%                               1,606,283               0.36% 
                  --------------  --------------  -------------  --------  ----------  --------  ---------- 
 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------- 
 Type of            Expiration      Exercise/                      Number of voting     % of voting 
 financial           date (xiii)     Conversion Period             rights that may       rights 
 instrument                          (xiv)                         be 
                                                                   acquired if the 
                                                                   instrument is 
                                                                   exercised/ 
                                                                   converted. 
-----------------  --------------  -----------------------------  -------------------  -------------------- 
    Stock Loan 
    (Physical)          Open                                           11,973,276              2.69% 
-----------------  --------------  -----------------------------  -------------------  -------------------- 
 
 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 rights 
  financial       price           date (xvii)     Conversion      rights instrument      (xix, xx) 
  instrument                                      period          refers to 
                                                  (xviii) 
---------------  --------------  --------------  -------------  ---------------------  -------------------- 
                                                                                        Nominal   Delta 
 --------------  --------------  -------------  -------------------------------------  --------  ---------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                         Percentage of voting rights 
--------------------------------------------------------------  ------------------------------------------- 
                          13,579,559                                               3.05% 
--------------------------------------------------------------  ------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights 
  and/or the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------------------------------------------- 
 
   -----------------The Goldman Sachs Group, Inc.; 13,579,559 shares; 3.05% 
 
   Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs Group, Inc.) 
   Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.) 
   Goldman Sachs International (Controlled by Goldman Sachs Group UK Limited) 
 
   The Goldman, Sachs & Co. L.L.C. (Controlled by The Goldman Sachs Group, 
   Inc.) 
   Goldman, Sachs & Co. (Controlled by The Goldman, Sachs & Co. L.L.C.) 
 
   GSAM Holdings LLC (Controlled by The Goldman Sachs Group, Inc.) 
   Goldman Sachs Asset Management, L.P. (Controlled by GSAM Holdings LLC) 
   Goldman Sachs Asset Management International Holdings L.L.C. (Controlled 
   by Goldman Sachs Asset Management, L.P.) 
   Goldman Sachs Asset Management Australia Holdings PTY LTD (Controlled 
   by Goldman Sachs Asset Management International Holdings L.L.C.) 
   Goldman Sachs Asset Management Australia PTY LTD (Controlled by Goldman 
   Sachs Asset Management Australia Holdings PTY LTD) 
 
 Proxy Voting: 
------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                                               N/A 
------------------------------------------------------------------------  ----------------------------------------- 
 11. Number of voting rights proxy holder will                                               N/A 
  cease 
  to hold: 
------------------------------------------------------------------------  ----------------------------------------- 
 12. Date on which proxy holder will cease                                                   N/A 
  to hold 
  voting rights: 
------------------------------------------------------------------------  ----------------------------------------- 
 
                                                                           Please note, total amount of voting 

  13. Additional information:                                               rights have been rounded to 2 decimal 
                                                                            places therefore there is a possibility 
                                                                            of a rounding error. 
                                                                            General email contact: 
                                                                            [e-mail] 
------------------------------------------------------------------------  ----------------------------------------- 
 14. Contact name:                                                                    Adam Key, Investor Relations/ 
                                                                                  Katie Marshall, Company Secretary 
------------------------------------------------------------------------  ----------------------------------------- 
 
                                                                                                     020 7111 1311/ 
 15. Contact telephone number:                                                                        0191 279 6482 
------------------------------------------------------------------------  ----------------------------------------- 
 
 

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November 24, 2016 10:00 ET (15:00 GMT)