Coats Group PLC Holding(s) in Company (2198K)

TIDMCOA

RNS Number : 2198K

Coats Group PLC

05 July 2017

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
--------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                                                    Coats Group Plc 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
------------------------------------------------------------------------------  ------------------------------- 
 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 qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
----------------------------------------------------------------------------------  --------------------------- 
 An acquisition or disposal of instruments with similar economic 
  effect to qualifying financial instruments 
----------------------------------------------------------------------------------  --------------------------- 
 An event changing the breakdown of voting rights 
----------------------------------------------------------------------------------  --------------------------- 
 Other (please 
  specify): 
------------------------------------------------------------------------  --------  --------------------------- 
 3. Full name of person(s) subject                                                 SFM UK Management LLP, 
  to the                                                                            SFM Holdings Limited, 
  notification obligation: (iii)                                                  Soros Fund Management LLC 
--------------------------------------------------------------------------  ----------------------------------- 
 4. Full name of shareholder(s)                                                   Morgan Stanley & Co. LLC 
  (if different from 3.):(iv) 
--------------------------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction and date                                                   June 29, 2017 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer notified:                                                     June 30, 2017 
--------------------------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are crossed                                                      Below 5% 
  or 
  reached: (vi, vii) 
--------------------------------------------------------------------------  ----------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------- 
 Class/type      Situation previous         Resulting situation after the triggering 
 of               to the triggering          transaction 
 shares           transaction 
 
 if possible 
 using 
 the ISIN CODE 
--------------  -------------------------  --------------------------------------------------------- 
                 Number       Number        Number        Number of voting      % of voting rights 
                  of           of            of shares     rights                (x) 
                  Shares       Voting 
                               Rights 
--------------  -----------  ------------  ------------  --------------------  --------------------- 
                                            Direct        Direct   Indirect     Direct    Indirect 
                                                          (xi)      (xii) 
--------------  -----------  ------------  ------------  -------  -----------  --------  ----------- 
 GB00B4YZN328    71,236,014   71,236,014        N/A       N/A      61,185,245     N/A       4.33% 
--------------  -----------  ------------  ------------  -------  -----------  --------  ----------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------- 
 Type of         Expiration   Exercise/                   Number of voting      % of voting 
 financial       date          Conversion Period          rights that may        rights 
 instrument      (xiii)        (xiv)                      be 
                                                          acquired if the 
                                                          instrument is 
                                                          exercised/ 
                                                          converted. 
--------------  -----------  --------------------------  --------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------- 
 Type of         Exercise     Expiration    Exercise/     Number of voting      % of voting rights 
 financial        price       date (xvii)   Conversion     rights instrument     (xix, xx) 
 instrument                                 period         refers to 
                                            (xviii) 
--------------  -----------  ------------  ------------  --------------------  --------------------- 
 Contract for    N/A          N/A           N/A           375,000               Nominal   Delta 
  Difference 
--------------  -----------  ------------  ------------  --------------------  --------  ----------- 
                                                                                0.03%     0.03% 
--------------  -----------  ------------  ------------  -------  -----------  --------  ----------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------- 
 Number of voting rights                    Percentage of voting rights 
-----------------------------------------  --------------------------------------------------------- 
 N/A                                        4.36% 
-----------------------------------------  --------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------------------- 
 
                        Soros Fund Management LLC is a parent undertaking of SFM UK Holdings 
                              Limited which is a parent undertaking of SFM UK Management LLP 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
----------------------------------------------------------------------------  -------------- 
 11. Number of voting rights proxy holder will 
  cease 
  to hold: 
----------------------------------------------------------------------------  -------------- 
 12. Date on which proxy holder will cease to 
  hold 
  voting rights: 
----------------------------------------------------------------------------  -------------- 
 
 
  13. Additional information:                                                       N/A 
----------------------------------------------------------------------------  -------------- 
 14. Contact name:                                                             Jade Cornell 
----------------------------------------------------------------------------  -------------- 
 15. Contact telephone number:                                                 020 7758 4800 
----------------------------------------------------------------------------  -------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 05, 2017 08:35 ET (12:35 GMT)