Watchstone Group PLC Holding(s) in Company (4789H)

TIDMWTG

RNS Number : 4789H

Watchstone Group PLC

08 June 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                           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)                               BEACH POINT CAPITAL MANAGEMENT 
  subject to the                                                                     LP 
  notification obligation: 
  (iii) 
-----------------------------------------------------  -------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------  -------------------------------- 
 5. Date of the transaction                                                 6 June 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------  -------------------------------- 
 6. Date on which issuer                                                    7 June 2017 
  notified: 
-----------------------------------------------------  -------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                17% 
-----------------------------------------------------  -------------------------------- 
 
 
 
 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 voting             % of voting 
                 of                of                 of shares         rights                       rights 
                 Shares            Voting                                                            (x) 
                                   Rights 
-------------  ----------------  -----------------  ----------------  ---------------------------  ------------------- 
                                                     Direct            Direct        Indirect       Direct    Indirect 
                                                                        (xi)         (xii) 
-------------      ------------    -------------    ----------------  ------------  -------------  --------  --------- 
 GB00BYNBFN51   7,804,152         7,804,152          7,888,718         7,888,718                    17.14 
-------------  ----------------  -----------------  ----------------  ------------  -------------  --------  --------- 
 
 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) 
---------------  --------------  ---------------  --------------  ------------------  -------------------------------- 
                                                                                       Nominal                Delta 
---------------  --------------  ---------------  --------------  ------------------  ---------------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  ---------------------------------------------------- 
 7,888,718                                                         17.14 
----------------------------------------------------------------  ---------------------------------------------------- 
 
 
 
 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:                                   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: 
-------------------------------------------------------  ------------------ 
 
 
  13. Additional information: 
-------------------------------------------------------  ------------------ 
 14. Contact name:                                        Khoa D. Le 
-------------------------------------------------------  ------------------ 
 15. Contact telephone number:                            +001 310 996 9657 
-------------------------------------------------------  ------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 08, 2017 02:00 ET (06:00 GMT)