Chesnara PLC Holding(s) in Company (6230Z)

TIDMCSN TIDMABDN

RNS Number : 6230Z

Chesnara PLC

26 January 2022

CHESNARA plc

("Chesnara" or "the Company")

LEI Number: 213800VFRMBRTSZ3SJ06

26 January 2022

NOTIFICATION OF MAJOR HOLDINGS

1. Issuer Details

ISIN

GB00B00FPT80

Issuer Name

CHESNARA PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Aggregate of abrdn plc affiliated investment management entities with delegated voting rights on behalf of multiple managed portfolios

City of registered office (if applicable)

Edinburgh

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached

24-Jan-2022

6. Date on which Issuer notified

25-Jan-2022

7. Total positions of person(s) subject to the notification obligation

 
                          % of voting rights      % of voting rights      Total of both in %      Total number of 
                          attached to shares      through financial       (8.A + 8.B)             voting rights held 
                          (total of 8.A)          instruments (total                              in issuer 
                                                  of 8.B 1 + 8.B 2) 
   Resulting situation 
    on the date on 
    which threshold 
    was crossed or 
    reached                     12.994765               0.000000                12.994765              19,511,068 
                        ======================  ======================  ======================  ====================== 
   Position of 
    previous 
    notification (if 
    applicable)                 13.979641               0.000000                13.979641 
                        ======================  ======================  ======================  ====================== 
 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

 
Class/Type of shares    Number of direct        Number of indirect      % of direct voting      % of indirect voting 
ISIN code(if possible)  voting rights (DTR5.1)  voting rights           rights (DTR5.1)         rights (DTR5.2.1) 
                                                (DTR5.2.1) 
GB00B00FPT80                                           19,511,068                                       12.994765 
                        ======================  ======================  ======================  ====================== 
Sub Total 8.A                              19,511,068                                       12.994765 
                        ==============================================  ============================================== 
 

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 
Type of financial           Expiration date  Exercise/conversion period  Number of voting rights    % of voting rights 
instrument                                                               that may be acquired if 
                                                                         the instrument is 
                                                                         exercised/converted 
 
Sub Total 8.B1 
                            ===========================================  =========================  ================== 
 

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

 
Type of financial   Expiration date  Exercise/conversion  Physical or cash     Number of voting     % of voting rights 
instrument                           period               settlement           rights 
 
Sub Total 8.B2 
                    =========================================================  ===================  ================== 
 

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

 
 
   abrdn plc 
               ===========================================  ===========  ===========  =========== 
   abrdn plc      Aberdeen Asset Management PLC 
               ===========================================  ===========  ===========  =========== 
   abrdn plc      Aberdeen Asset Managers Limited              6.996884     0.000000     6.996884 
               ===========================================  ===========  ===========  =========== 
 
   abrdn plc 
               ===========================================  ===========  ===========  =========== 
   abrdn plc      abrdn Investments (Holdings) Limited 
               ===========================================  ===========  ===========  =========== 
   abrdn plc      abrdn Investment Management Limited          5.625221     0.000000     5.625221 
               ===========================================  ===========  ===========  =========== 
 
   abrdn plc 
                                                            ===========  ===========  =========== 
   abrdn plc      Aberdeen Asset Management PLC 
               ===========================================  ===========  ===========  =========== 
   abrdn plc      Aberdeen Asset Investment Group Limited 
               ===========================================  ===========  ===========  =========== 
   abrdn plc      Aberdeen Asset Investments Limited 
               ===========================================  ===========  ===========  =========== 
 
   abrdn plc 
                                                            ===========  ===========  =========== 
   abrdn plc      abrdn Investments (Holdings) Limited 
               ===========================================  ===========  ===========  =========== 
   abrdn plc      Ignis Asset Management Limited 
               ===========================================  ===========  ===========  =========== 
   abrdn plc      Ignis Investment Services Limited 
               ===========================================  ===========  ===========  =========== 
 

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

In reference to section 9, the shares detailed are managed by the named discretionary investment management entity within multiple portfolios on behalf of underlying clients, based on investment management agreements whereby the client has delegated the exercise of the voting power to the referenced investment manager.

12. Date of Completion

25-Jan-2022

13. Place Of Completion

Aberdeen, United Kingdom

The above notification is made in accordance with the requirements of the EU Market Abuse Regulation.

For further information, please contact:

Roddy Watt

Director, Capital Markets

FWD

Forward thinking communications

T - 020 7280 0651

E - [e-mail]

Notes to Editors

Chesnara is a life and pensions company listed on the London Stock Exchange. It administers approximately 900,000 policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

Following a three-pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 17 years in succession.

   Further details are available on the Company's website   ( www.chesnara.co.uk ) . 

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January 26, 2022 02:00 ET (07:00 GMT)