Watchstone Group PLC Holding(s) in Company (9123C)

TIDMWTG

RNS Number : 9123C

Watchstone Group PLC

20 April 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                         Watchstone 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 
------------------------------------------------------------  ---------------------------- 
 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                             X 
  similar economic effect to qualifying financial 
  instruments 
------------------------------------------------------------  ---------------------------- 
 An event changing the breakdown of voting rights 
------------------------------------------------------------  ---------------------------- 
 Other (please 
  specify): 
----------------------------------------------------------    ---------------------------- 
 3. Full name of person(s)                                     Polygon Global Partners LLP 
  subject to the                                                     Reade Eugene Griffith 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ----------------------------- 
 4. Full name of shareholder(s)                                                        N/A 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ----------------------------- 
 5. Date of the transaction                                                  19 April 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------- 
 6. Date on which issuer                                                     20 April 2017 
  notified: 
-----------------------------------------------------------  ----------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                    5% 
-----------------------------------------------------------  ----------------------------- 
 
 
 
 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) 
----------------    ------------   ------------   -------------  ---------  ----------  -----------  ---------- 
 
 
 
 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. 
------------------  -------------  -----------------------------  ----------------------  --------------------- 
 
 
 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) 
-----------------  -------------  -------------  --------------  ----------------------  ---------------------- 
 Contract                                                         2,356,709               Nominal      Delta 
 for difference 
 relating 
 to ordinary 
 shares 
 (GB00BYNBFN51) 
-----------------  -------------  -------------  --------------  ----------------------  -----------  --------- 
                                                                                                       5.119% 
             -----------                                                                              --------- 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                            Percentage of voting rights 
-------------------------------------------------  ------------------------------------------------------------ 
 2,356,709                                          5.119% 
-------------------------------------------------  ------------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------------- 
 
   Reade Griffith holds a majority of the voting rights 
   in Polygon Global Partners LLP. Consequently, Polygon 
   Global Partners LLP is a "controlled undertaking" in 
   relation to Mr. Griffith. 
 
 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: 
-------------------------------------------------------  ------------------------------ 
 
                                                          Polygon Global Partners LLP 
  13. Additional information:                              is the investment manager 
                                                           to a fund, Polygon European 
                                                           Equity Opportunity Master 
                                                           Fund, and a separate managed 
                                                           account that, between them, 
                                                           hold the positions referred 
                                                           to in this notification. 
-------------------------------------------------------  ------------------------------ 
 14. Contact name:                                                     Katharine Ostrow 
-------------------------------------------------------  ------------------------------ 
 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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April 20, 2017 11:54 ET (15:54 GMT)