AssetCo PLC Holding(s) in Company (3408S)

TIDMASTO

RNS Number : 3408S

AssetCo PLC

02 October 2017

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant 
  issuer and to the FCA in Microsoft Word format if possible)(i) 
---------------------------------------------------------------------------------------------------- 
 
 1a. Identity of the issuer                                           AssetCo plc 
  or the underlying issuer 
  of existing shares to which                                       ISIN:GB00B42VYZ16 
  voting rights are attached(ii) 
  : 
-------------------------------------------------  ------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer 
  (please mark with an "X" if appropriate) 
---------------------------------------------------------------------------------------------------- 
 Non-UK issuer 
-------------------------------------------------------------------------------------  ------------- 
 2. Reason for the notification (please mark the appropriate 
  box or boxes with an "X") 
---------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                                 X 
-------------------------------------------------------------------------------------  ------------- 
 An acquisition or disposal of financial instruments 
-------------------------------------------------------------------------------------  ------------- 
 An event changing the breakdown of voting rights 
-------------------------------------------------------------------------------------  ------------- 
 Other (please specify)(iii) : 
-------------------------------------------------------------------------------------  ------------- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                               ICM Limited 
 City and country of registered                     Bermuda 
  office (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
---------------------------------------------------------------------------------------------------- 
 Name                                               Somers Limited / UIL Limited 
-------------------------------------------------  ------------------------------------------------- 
 City and country of registered                     Bermuda 
  office (if applicable) 
-------------------------------------------------  ------------------------------------------------- 
 5. Date on which the threshold                     27 September 2017 
  was crossed or reached(vi) 
  : 
-------------------------------------------------  ------------------------------------------------- 
 6. Date on which issuer notified                   29 September 2017 
  (DD/MM/YYYY): 
-------------------------------------------------  ------------------------------------------------- 
 7. Total positions of person(s) subject to the notification 
  obligation 
---------------------------------------------------------------------------------------------------- 
                               % of voting            % of voting        Total of       Total number 
                              rights attached       rights through       both in %       of voting 
                                 to shares             financial        (8.A + 8.B)      rights of 
                                 (total of            instruments                        issuer(vii) 
                                   8. A)               (total of 
                                                      8.B 1 + 8.B 
                                                          2) 
----------------------  -------------------------  ----------------  ----------------  ------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached             19.34%                     N/A               19.34%            2,362,558 
----------------------  -------------------------  ----------------  ----------------  ------------- 
 Position 
  of previous 
  notification 
  (if 
  applicable)            19.34%                     N/A               19.34% 
----------------------  -------------------------  ----------------  ----------------  ------------- 
 
 
 
 8. Notified details of the resulting situation on the 
  date on which the threshold was crossed or reached(viii) 
-------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
-------------------------------------------------------------------------------------------------------------- 
 Class/type              Number of voting rights(ix)            % of voting rights 
  of 
  shares 
  ISIN code 
  (if possible) 
---------------------- 
                                Direct            Indirect                 Direct                  Indirect 
                               (Art 9 of          (Art 10 of              (Art 9 of               (Art 10 of 
                               Directive          Directive               Directive                Directive 
                             2004/109/EC)        2004/109/EC)            2004/109/EC)            2004/109/EC) 
                               (DTR5.1)           (DTR5.2.1)               (DTR5.1)               (DTR5.2.1) 
---------------------   ---------------------  --------------  ------------------------------  --------------- 
 GB00B42VYZ16            2,362,558               -              19.34%                           - 
----------------------  ---------------------  --------------  ------------------------------  --------------- 
 
 
 SUBTOTAL 
  8. A                                2,362,558                                     19.34% 
----------------------  -------------------------------------  ----------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) 
  of Directive 2004/109/EC (DTR5.3.1.1 (a)) 
-------------------------------------------------------------------------------------------------------------- 
 Type of financial       Expiration             Exercise/       Number of voting                % of voting 
  instrument              date(x)                Conversion      rights that                     rights 
                                                 Period(xi)      may be acquired 
                                                                 if the instrument 
                                                                 is 
                                                                 exercised/converted. 
----------------------  ---------------------  --------------  ------------------------------  --------------- 
 
 
 
                                                SUBTOTAL 8. 
                                                 B 1 
                                               --------------  ------------------------------  --------------- 
 
 B 2: Financial Instruments with similar economic effect 
  according to Art. 13(1)(b) of Directive 2004/109/EC 
  (DTR5.3.1.1 (b)) 
-------------------------------------------------------------------------------------------------------------- 
 Type of                Expiration              Exercise/       Physical           Number       % of voting 
  financial              date(x)                Conversion      or cash             of voting    rights 
  instrument                                    Period          settlement(xii)     rights 
                                                (xi) 
---------------------  ----------------------  --------------  -----------------  -----------  --------------- 
 
 
 
                                                                SUBTOTAL 
                                                                 8.B.2 
                                                               -----------------  -----------  --------------- 
 
 
 
 
 9. Information in relation to the person subject to 
  the notification obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is 
  not controlled by any natural person or legal entity 
  and does not control any other undertaking(s) holding 
  directly or indirectly an interest in the (underlying) 
  issuer(xiii) 
 Full chain of controlled undertakings through which                         X 
  the voting rights and/or the 
  financial instruments are effectively held starting 
  with the ultimate controlling natural person or 
  legal entity(xiv) (please add additional rows as 
  necessary) 
-----------------------------------------------------------------  --------------------- 
      Name(xv)           % of voting            % of voting            Total of both 
                         rights if it          rights through           if it equals 
                         equals or is      financial instruments        or is higher 
                         higher than            if it equals         than the notifiable 
                        the notifiable          or is higher              threshold 
                          threshold         than the notifiable 
                                                 threshold 
-------------------  ------------------  ------------------------  --------------------- 
 UIL Limited          11.13%                -                       11.13% 
-------------------  ------------------  ------------------------  --------------------- 
 Somers Limited        8.21%                -                        8.21% 
-------------------  ------------------  ------------------------  --------------------- 
 
 
 
 
 10. In case of proxy voting, please identify: 
---------------------------------------------------------------------------------------- 
 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(xvi) 
---------------------------------------------------------------------------------------- 
 Somers Limited has a notifiable interest of 8.21% following 
  the purchase of 1,002,932 shares in AssetCo from Bermuda 
  Commercial Bank Limited. 
 
  Bermuda Commercial Bank Limited no longer has any notifiable 
  interest. 
 
  ICM Limited is the investment manager for UIL Limited 
  and Somers Limited and as such has a relevant interest 
  by having the power to control the exercise of voting 
  or disposal of shares. 
---------------------------------------------------------------------------------------- 
 
 
 
 Place of completion   Bermuda 
--------------------  ------------------ 
 Date of completion    28 September 2017 
--------------------  ------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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October 02, 2017 02:00 ET (06:00 GMT)