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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Chesnara Plc | LSE:CSN | London | Ordinary Share | GB00B00FPT80 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2.00 | 0.80% | 252.50 | 250.00 | 252.00 | 254.00 | 250.00 | 254.00 | 159,232 | 16:35:20 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Life Insurance | -1.11B | -98.33M | -0.6537 | -3.82 | 376.08M |
From Apr 2019 to Apr 2024
TIDMCSN
RNS Number : 0519W
Chesnara PLC
12 April 2019
CHESNARA plc
("Chesnara" or "the Company")
LEI Number: 213800VFRMBRTSZ3SJ06
TR-1: Standard form for notification of major holdings
Hot Features
Premium
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 or the Chesnara Plc
underlying issuer 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 Ameriprise Financial, Inc. and its
group
City and country of registered office Minneapolis, USA
(if applicable)
4. Full name of shareholder(s) (if different from 3.)(v)
Name HSBC Global Custody Nominees (UK)
Ltd
State Street Nominees Limited
Nortrust Nominees LTD
Vidacos Nominees Ltd
Roy Nominees
-------------------------------------
City and country of registered office
(if applicable)
-------------------------------------
5. Date on which the threshold was 09/04/2019
crossed or reached(vi) :
-------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 11/04/2019
-------------------------------------
7. 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 % (8.A + of voting rights
to shares (total instruments 8.B) of issuer(vii)
of 8. A) (total of 8.B
1 + 8.B 2)
------------------ ------------------- -------------- ------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 12.967% 0.000% 12.967% 149,908,956
------------------ ------------------- -------------- ------------------
Position of
previous notification
(if
applicable) 13.229% 0.000% 13.229%
------------------ ------------------- -------------- ------------------
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 of Number of voting rights(ix) % of voting rights
shares
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
--------------------------------
GB00B00FPT80 0 19,438,925 0.000% 12.967%
------------------------ -------------------------------- --------------------------- --------------------------
SUBTOTAL 8. A 19,438,925 12.967%
---------------------------------------------------------- -------------------------------------------------------
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 Period(xi) rights that may rights
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 or Number of % of voting
financial date(x) Conversion cash voting rights rights
instrument Period (xi) settlement(xii)
------------------- ------------------------ -------------------------- --------------------
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 the voting rights X
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 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
------------------------------------ ------------------------------------- -----------------------------------
Ameriprise % % %
Financial,
Inc.
------------------------------------ ------------------------------------- -----------------------------------
Ameriprise % % %
International
Holdings GmbH
------------------------------------ ------------------------------------- -----------------------------------
Threadneedle Asset % % %
Management Holdings
SARL
------------------------------------ ------------------------------------- -----------------------------------
Threadneedle % % %
Holdings
Limited
------------------------------------ ------------------------------------- -----------------------------------
TAM UK Holdings % % %
Limited
------------------------------------ ------------------------------------- -----------------------------------
Threadneedle Asset % % %
Management Holdings
Limited
------------------------------------ ------------------------------------- -----------------------------------
TC Financing Limited % % %
------------------------------------ ------------------------------------- -----------------------------------
Threadneedle Asset
Management Limited 12.967% % 12.967%
------------------------------------ ------------------------------------- -----------------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder N/A
-------
The number and % of voting rights N/A
held
-------
The date until which the voting rights N/A
will be held
-------
11. Additional information(xvi)
Threadneedle Asset Management Limited is wholly owned by TC Financing
Limited, which is itself wholly owned by Threadneedle Asset Management
Holdings Limited, which is itself wholly owned by TAM UK Holdings Limited,
which is itself wholly owned by Threadneedle Holdings Limited, which
is itself wholly owned by Threadneedle Asset Management Holdings SARL,
which is itself wholly owned by Ameriprise International Holdings GmbH,
which is itself wholly owned by Ameriprise Financial, Inc.
Place of completion Swindon, UK
Date of completion 11/04/2019
------------
Notes to Editors
Chesnara plc ('Chesnara'), which listed on the London Stock Exchange in May 2004, is the owner of Countrywide Assured plc ('CA plc'), Movestic Livförsäkringar AB ('Movestic') and Chesnara Holdings BV. Chesnara Holdings BV is the intermediate holding company of 'Waard Group' and 'Scildon'.
CA plc is a UK life assurance subsidiary that is closed to new business. In June 2005 Chesnara acquired a further closed life insurance company - City of Westminster Assurance - for GBP47.8m. With effect from 30 June 2006, CWA's policies and assets were transferred into CA plc. Save & Prosper Insurance Limited and its subsidiary, Save & Prosper Pensions Limited, were acquired on 20 December 2010 for GBP63.5 million. With effect from 31 December 2011, the business of Save & Prosper was transferred into CA plc. On 28 November 2013 Chesnara acquired Direct Line Life Insurance Company Limited (subsequently renamed Protection Life Company Limited) from Direct Line Group plc for GBP39.3m. On 31 December 2014 the PL business transferred into CA plc. CA plc operates an outsourced business model.
Movestic, a Swedish life assurance company which originally focused on pensions and savings, was acquired on 23 July 2009 for GBP20 million. The company is open to new business and seeks to grow its position in the Swedish unit-linked market. Its proposition was strengthened in February 2010 with the acquisition of the operations of Aspis Försäkringar Liv AB which has a risk and health product bias.
The Waard Group, a Netherlands-based Group comprising three closed book insurance companies and a servicing company, was acquired on 19 May 2015 for EUR69.9m. The Waard Group, comprising Waard Leven N.V., Hollands Welvaren Leven N.V., Waard Schade N.V. and Tadas Verzekeringen B.V. was previously owned by DSB Beheer B.V., a Dutch financial services Group. The policy base of the Waard Group is predominantly term life policies, with some unit linked policies and some non-life policies. On 5 April 2017 Chesnara completed its acquisition of Legal & General Nederland Levensverzeikering Maatschappij N.V. ('LGN') for EUR161.2 million. The LGN business which has been renamed Scildon, is in the Dutch life assurance market, and as with our Swedish subsidiary Movestic, Scildon writes protection and pension new business.
Further details are available on the Company's website (www.chesnara.co.uk).
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
HOLSFESUEFUSEFL
(END) Dow Jones Newswires
April 12, 2019 05:17 ET (09:17 GMT)
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