Bakkavor Group PLC Holding(s) in Company (7495Y)

TIDMBAKK

RNS Number : 7495Y

Bakkavor Group PLC

08 December 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                                Bakkavor Group plc, company 
  or the underlying issuer                                        number 10986940 
  of existing shares to which 
  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                                         Carrion Enterprises Ltd. 
-------------------------------------------  ------------------------------------------------------- 
 City and country of registered               Tortola, British Virgin Islands 
  office (if applicable) 
-------------------------------------------  ------------------------------------------------------- 
 
 Name                                         Umbriel Ventures Ltd. 
-------------------------------------------  ------------------------------------------------------- 
 City and country of registered               Tortola, British Virgin Islands 
  office (if applicable) 
-------------------------------------------  ------------------------------------------------------- 
 
 Name                                         Milu Trading Inc. 
-------------------------------------------  ------------------------------------------------------- 
 City and country of registered               Tortola, British Virgin Islands 
  office (if applicable) 
-------------------------------------------  ------------------------------------------------------- 
 4. Full name of shareholder(s) (if different from 3.)(v) 
---------------------------------------------------------------------------------------------------- 
 Name 
-------------------------------------------  ------------------------------------------------------- 
 City and country of registered 
  office (if applicable) 
-------------------------------------------  ------------------------------------------------------- 
 5. Date on which the threshold               07.12.2017 
  was crossed or reached(vi) 
  : 
-------------------------------------------  ------------------------------------------------------- 
 6. Date on which issuer notified             07.12.2017 
  (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) 
------------------  -----------------------  ----------------  ----------------------  ------------- 
 Carrion Enterprises Ltd. 
---------------------------------------------------------------------------------------------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached         25.1% (directly)         0%                25.1% (directly)        579,425,585 
------------------  -----------------------  ----------------  ----------------------  ------------- 
 Position 
  of previous 
  notification 
  (if 
  applicable)        25.1% (indirectly)       0%                25.1% (indirectly)      579,425,585 
------------------  -----------------------  ----------------  ----------------------  ------------- 
 Umbriel Ventures Ltd. 
---------------------------------------------------------------------------------------------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached         25.1% (directly)         0%                25.1% (directly)        579,425,585 
------------------  -----------------------  ----------------  ----------------------  ------------- 
 Position 
  of previous 
  notification 
  (if 
  applicable)        25.1% (indirectly)       0%                25.1% (indirectly)      579,425,585 
------------------  -----------------------  ----------------  ----------------------  ------------- 
 Milu Trading Inc. 
---------------------------------------------------------------------------------------------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached         0%                       0%                0%                      579,425,585 
------------------  -----------------------  ----------------  ----------------------  ------------- 
 Position 
  of previous 
  notification 
  (if 
  applicable)        50.2% (directly)         0%                50.2% (directly)        579,425,585 
------------------  -----------------------  ----------------  ----------------------  ------------- 
 
 
 
 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 
-------------------------------------------------------------------------------------------------------------- 
 Carrion Enterprises Ltd. 
-------------------------------------------------------------------------------------------------------------- 
 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) 
---------------------   ---------------------  --------------  ------------------------------  --------------- 
 Ordinary 
  shares 
  GB00BF8J3Z99           145,333,130            0               25.1%                           0% 
----------------------  ---------------------  --------------  ------------------------------  --------------- 
 SUBTOTAL 
  8. A                               145,333,130                                    25.1% 
----------------------  -------------------------------------  ----------------------------------------------- 
 Umbriel Ventures Ltd. 
-------------------------------------------------------------------------------------------------------------- 
 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) 
---------------------   ---------------------  --------------  ------------------------------  --------------- 
 Ordinary 
  shares 
  GB00BF8J3Z99               145,333,130              0                     25.1%                     0% 
----------------------  ---------------------  --------------  ------------------------------  --------------- 
 SUBTOTAL 
  8. A                               145,333,130                                    25.1% 
----------------------  -------------------------------------  ----------------------------------------------- 
 Milu Trading Inc. 
-------------------------------------------------------------------------------------------------------------- 

 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) 
---------------------   ---------------------  --------------  ------------------------------  --------------- 
 Ordinary 
  shares 
  GB00BF8J3Z99                    0                   0                      0%                       0% 
----------------------  ---------------------  --------------  ------------------------------  --------------- 
 SUBTOTAL 
  8. A                                    0                                           0% 
----------------------  -------------------------------------  ----------------------------------------------- 
 
 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 
---------------------------------  ---------------------  -------------------------  ----------------------- 
 Agust Gudmundsson                   25.1% (indirectly)               0%                25.1% (indirectly) 
---------------------------------  ---------------------  -------------------------  ----------------------- 
 The A.G. Trust                      25.1% (indirectly)               0%                25.1% (indirectly) 
---------------------------------  ---------------------  -------------------------  ----------------------- 
 Carrion Enterprises                  25.1% (directly)                0%                 25.1% (directly) 
  Ltd. 
---------------------------------  ---------------------  -------------------------  ----------------------- 
 
 Lydur Gudmundsson                   25.1% (indirectly)               0%                25.1% (indirectly) 
---------------------------------  ---------------------  -------------------------  ----------------------- 
 The L.G. Trust                      25.1% (indirectly)               0%                25.1% (indirectly) 
---------------------------------  ---------------------  -------------------------  ----------------------- 
 Umbriel Ventures                     25.1% (directly)                0%                 25.1% (directly) 
  Ltd. 
---------------------------------  ---------------------  -------------------------  ----------------------- 
 
 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) 
------------------------------------------------------------------------------------------------------------ 
 Step 3 of 3 to separate Agust and Lydur Gudmundsson's 
  indirect holding of Bakkavor Group plc shares into their 
  respective corporate structure. In this step, Milu Trading 
  Inc. was removed from the structure. 
------------------------------------------------------------------------------------------------------------ 
 
 
 
 Place of completion   British Virgin Islands 
--------------------  ----------------------- 
 Date of completion    07.12.2017 
--------------------  ----------------------- 
 

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December 08, 2017 02:12 ET (07:12 GMT)