Ei Group plc Holding(s) in Company (7278G)

TIDMEIG

RNS Number : 7278G

Ei Group plc

31 May 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
---------------------------------------------------------------------------------------------------------------------- 
 1. Identity of the issuer or the underlying                                                              EI 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 
-----------------------------------------------------------------------------------------------------------  --------- 
 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                                                 X 
  effect to qualifying financial instruments 
-----------------------------------------------------------------------------------------------------------  --------- 
 An event changing the breakdown of voting rights 
-----------------------------------------------------------------------------------------------------------  --------- 
 Other (please 
  specify): 
---------------  ------------------------------------------------------------------------------------------  --------- 
 3. Full name of person(s) subject                                                    Glenview Capital Management, LLC 
  to the 
  notification obligation: (iii) 
--------------------------------------------------------  ------------------------------------------------------------ 
 4. Full name of shareholder(s)                                                                 Goldman Sachs Bank USA 
  (if different from 3.):(iv)                                                              Goldman Sachs International 
                                                                                   Morgan Stanley Capital Services LLC 
--------------------------------------------------------  ------------------------------------------------------------ 
 5. Date of the transaction and date                                                                       26 May 2017 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------------------  ------------------------------------------------------------ 
 6. Date on which issuer notified:                                                                         31 May 2017 
--------------------------------------------------------  ------------------------------------------------------------ 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                                               10% 
--------------------------------------------------------  ------------------------------------------------------------ 
 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) 
-----------        ---------  --------    ------------  ---------------  --------  ---------  -----------  ----------- 
 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration             Exercise/                      Number of voting       % of voting 
 financial           date (xiii)            Conversion Period             rights that may         rights 
 instrument                                 (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 (xviii)    refers to 
-------------  -------------  ------------------------  ---------------  ---------------------  ---------------------- 
 Total Return                  05/06/2017;                                43,523,930             Nominal      Delta 
  Swap                          04/10/2017; 
                                10/01/2018; 
                                21/02/2018; 
                                07/03/2018; 
                                14/03/2018; 
                                20/03/2018; 
                                05/04/2018; 
                                06/04/2018; 
                                05/06/2018; 
                                06/06/2018; 
                                05/07/2018; 
                                06/07/2018; 
                                23/07/2018; 
                                03/08/2018; 
                                05/10/2018; 
                                05/12/2018; 
                                07/12/2018; 
                                19/12/2018; 
                                21/12/2018; 
                                24/12/2018; 
                                02/01/2019; 
                                03/01/2019; 
                                07/01/2019; 
                                16/01/2019 
-------------  -------------  ------------------------  ---------------  ---------------------  -----------  --------- 
 
 
 
                                                                                                   9.03% 
-----------        ---------  --------    ------------      -----------  --------  ---------    -----------  --------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                     Percentage of voting rights 
----------------------------------------------------------  ---------------------------------------------------------- 
 43,523,930                                                  9.03% 
----------------------------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------------------------ 
 
                        Larry Robbins, the CEO of Glenview Capital Management, LLC ("Glenview"), 
                                                         is the ultimate controller of Glenview. 
 
 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: 
----------------------------------------------------------------------------  ------------------ 
 14. Contact name:                                                             Jonathan Danziger 

----------------------------------------------------------------------------  ------------------ 
 15. Contact telephone number:                                                  + 1 212 323 6567 
----------------------------------------------------------------------------  ------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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May 31, 2017 10:00 ET (14:00 GMT)