Cairn Homes plc TR-1: Standard Form of Notification (9772C)

TIDMCRN

RNS Number : 9772C

Cairn Homes plc

25 January 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): 
  [ 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:Coltrane Asset                    City and country of registered 
  Management, L.P.                       office (if applicable): 
                                         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) 
  : January 24, 2018 
------------------------------------------------------------------------------------- 
 6. Date on which issuer notified: January 25, 2018 
------------------------------------------------------------------------------------- 
 7. Threshold(s) that is/are crossed or reached: Falling 
  below 4% 
------------------------------------------------------------------------------------- 
 8. 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         (9.A + 9.B)    rights of 
                      (total of          instruments                      issuer(vii) 
                      9.A)               (total of 
                                         9.B.1 + 9.B.2) 
------------------  -----------------  ----------------  -------------  ------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached         2.8%               1.19%             3.99%          761,672,549 
------------------  -----------------  ----------------  -------------  ------------- 
 Position 
  of previous 
  notification 
  (if applicable)    4.92                                 4.92% 
------------------  -----------------  ----------------  -------------  ------------- 
 
 
 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 
---------------------  ---------------------  -------------  ------------------  ----------------------------- 
 (ISIN:IE00BWY4ZF18)    N/A                    21,345,505     N/A                 2.8% 
---------------------  ---------------------  -------------  ------------------  ----------------------------- 
 SUBTOTAL 
  A                                            21,345,505     2.8% 
--------------------------------------------  -------------  ------------------  ----------------------------- 
 
 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      rights that                      rights 
                                               Period(xi)      may 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                Expiration            Exercise/       Physical            Number       % of voting 
  financial              date(x)              Conversion      or cash             of voting     rights 
  instrument                                  Period          settlement(xii)     rights 
                                              (xi) 
---------------------  --------------------  --------------  ------------------  -----------  ---------------- 
 Equity CFD 
  (ISIN:IE00BWY4ZF18)   N/A                   N/A             Cash                9,091,860    1.19% 
---------------------  --------------------  --------------  ------------------  -----------  ---------------- 
                                                              SUBTOTAL 
                                                               B.2                9,091,860    1.19% 
                                                             ------------------  -----------  ---------------- 
 
 
 
 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        % 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 
-----------------------  -----------------  ------------------------  --------------------- 
 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.                                                           3.99 
--------------------------------------------------------------------  --------------------- 
 
 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 January 25, 2018.

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLBAMFTMBATBRP

(END) Dow Jones Newswires

January 25, 2018 12:30 ET (17:30 GMT)