Cairn Homes plc Holding(s) in Company (4402D)

TIDMCRN

RNS Number : 4402D

Cairn Homes plc

09 October 2018

Standard Form TR-1

Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the Central Bank of Ireland)(i) 
 
 1. Identity of the issuer or the underlying issuer of existing shares 
  to which voting rights are attached(ii) : Cairn Homes PLC 
 2. Reason for the notification (please tick the appropriate box or boxes): 
  [ ] 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:                                         City and country of registered office (if 
  Coltrane Asset Management,                    applicable): 
  L.P.                                          Grand Cayman, Cayman Islands 
                                              ------------------------------------------------------- 
 4. Full name of shareholder(s) (if different from 3.)(v) : Coltrane Master 
  Fund, L.P. 
 5. Date on which the threshold was crossed or reached(vi) : October 05, 
  2018 
 6. Date on which issuer notified: October 08, 2018 
 7. Threshold(s) that is/are crossed or reached: Increasing above 5% 
 8. Total positions of person(s) subject to the notification obligation: 
                           % of voting         % of voting rights   Total of both   Total number 
                            rights attached     through financial    in % (9.A +     of voting rights 
                            to shares (total    instruments          9.B)            of issuer(vii) 
                            of 9.A)             (total of 9.B.1 
                                                + 9.B.2) 
                          ------------------  -------------------  --------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               2.49%               3.29%                5.78%           788,783,171 
                          ------------------  -------------------  --------------  ------------------ 
 Position of 
  previous notification 
  (if applicable)          2.49%               1.67%                4.17% 
                          ------------------  -------------------  --------------  ------------------ 
 
 
 9. 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 
                       -------------------------  -------------------------  -----------------------  -------------- 
 Ordinary Shares 
  Common Equity 
  (ISIN:IE00BWY4ZF18)   N/A                        19,670,520                 N/A                      2.49% 
                       -------------------------  -------------------------  -----------------------  -------------- 
 SUBTOTAL A                                        19,670,520                 2.49% 
                                                  -------------------------  -----------------------  -------------- 
 
 B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations 
 Type of financial           Expiration     Exercise/                         Number of voting         % of voting 
  instrument                  date(x)        Conversion Period(xi)            rights that may           rights 
                                                                              be acquired if 
                                                                              the instrument 
                                                                              is 
                                                                              exercised/converted. 
                            -------------  --------------------------------  -----------------------  -------------- 
 N/A                         N/A            N/A                               N/A                      N/A 
  (ISIN:N/A) 
                            -------------  --------------------------------  -----------------------  -------------- 
                                            SUBTOTAL B.1                      N/A                      N/A 
                                           --------------------------------  -----------------------  -------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Regulation 17(1)(b) of the Regulations 
 Type of financial      Expiration          Exercise/            Physical or              Number of    % of voting 
  instrument             date(x)             Conversion           cash settlement(xii)    voting        rights 
                                             Period (xi)                                  rights 
                       ------------------  -------------------  -----------------------  -----------  -------------- 
 Equity CFD 
  (ISIN:IE00BWY4ZF18)   N/A                 N/A                  Cash                     25,976,895   3.29% 
                       ------------------  -------------------  -----------------------  -----------  -------------- 
                                                                 SUBTOTAL B.2             25,976,895   3.29% 
                                                                -----------------------  -----------  -------------- 
 
 
 
 10. Information in relation to the person subject to the notification 
  obligation (please tick the applicable box): 
 
  [ ] 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) 
 
  [ X ] 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 entity(xiv) : 
 Name(xv)                      % of voting rights       % of voting rights     Total of both if 
                                if it equals or          through financial      it equals or is 
                                is higher than the       instruments if it      higher than the 
                                notifiable threshold     equals or is higher    notifiable threshold 
                                                         than the notifiable 
                                                         threshold 
                              -----------------------  ---------------------  ---------------------- 
 Coltrane Asset Management, 
  L.P. 
                              -----------------------  ---------------------  ---------------------- 
 Mandeep Manku 
                              -----------------------  ---------------------  ---------------------- 
 Coltrane Domestic 
  Fund, L.P. 
                              -----------------------  ---------------------  ---------------------- 
 Coltrane Offshore 
  Fund, L.P. 
                              -----------------------  ---------------------  ---------------------- 
 Coltrane Asset Management 
  Holdings, Ltd. 
                              -----------------------  ---------------------  ---------------------- 
 Coltrane GP, LLC 
                              -----------------------  ---------------------  ---------------------- 
 Coltrane Master 
  Fund, L.P.                                            3.29                   5.78 
                                                       ---------------------  ---------------------- 
 
 11. In case of proxy voting: [name of the proxy holder] will cease to 
  hold [% and number] voting rights as of [date] 
 
 12. Additional information(xvi) : 
 

Done at New York on October 08, 2018.

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October 09, 2018 07:01 ET (11:01 GMT)