Fresnillo PLC TR-1: Notification of major holdings (2413I)

TIDMFRES

RNS Number : 2413I

Fresnillo PLC

13 April 2022

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00B2QPKJ12

Issuer Name

FRESNILLO PLC

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

Other

Comments

Change of ultimate beneficial shareholder

3. Details of person subject to the notification obligation

Name

Industrias Peñoles S.A.B. de C.V.

City of registered office (if applicable)

Mexico City

Country of registered office (if applicable)

Mexico

 
  Name                                                       City of registered office    Country of registered office 
   BBVA México, S.A. Institución de Banca           Mexico                       Mexico 
   Múltiple, Grupo Financiero BBVA México 
   ('BBVA') as fiduciary of the Trust F/32982-2 (the 
   'Baillères Family Trust') 
                                                           ===========================  ============================== 
 

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached

15-Mar-2022

6. Date on which Issuer notified

13-Apr-2022

7. Total positions of person(s) subject to the notification obligation

 
                          % of voting rights      % of voting rights      Total of both in %      Total number of 
                          attached to shares      through financial       (8.A + 8.B)             voting rights held 
                          (total of 8.A)          instruments (total                              in issuer 
                                                  of 8.B 1 + 8.B 2) 
   Resulting situation 
    on the date on 
    which threshold 
    was crossed or 
    reached                74.990000               0.000000                74.990000               552595191 
                        ======================  ======================  ======================  ====================== 
   Position of 
    previous 
    notification (if 
    applicable) 
                        ======================  ======================  ======================  ====================== 
 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

 
Class/Type of shares    Number of direct        Number of indirect      % of direct voting      % of indirect voting 
ISIN code(if possible)  voting rights (DTR5.1)  voting rights           rights (DTR5.1)         rights (DTR5.2.1) 
                                                (DTR5.2.1) 
GB00B2QPKJ12               552595191               0                       74.990000               0.000000 
                        ======================  ======================  ======================  ====================== 
Sub Total 8.A              552595191                                       74.990000% 
                        ==============================================  ============================================== 
 

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 
Type of financial           Expiration date  Exercise/conversion period  Number of voting rights    % of voting rights 
instrument                                                               that may be acquired if 
                                                                         the instrument is 
                                                                         exercised/converted 
 
Sub Total 8.B1 
                            ===========================================  =========================  ================== 
 

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

 
Type of financial   Expiration date  Exercise/conversion  Physical or cash     Number of voting     % of voting rights 
instrument                           period               settlement           rights 
 
Sub Total 8.B2 
                    =========================================================  ===================  ================== 
 

9. Information in relation to the person subject to the notification obligation

2. 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 entities (please add additional rows as necessary)

 
Ultimate controlling    Name of controlled       % of voting rights if   % of voting rights     Total of both if it 
person                  undertaking              it equals or is higher  through financial      equals or is higher 
                                                 than the notifiable     instruments if it      than the notifiable 
                                                 threshold               equals or is higher    threshold 
                                                                         than the notifiable 
                                                                         threshold 
   BBVA as fiduciary 
    of the 
    Baillères 
    Family Trust, 
    being Mr Alejandro     Industrias 
    Baillères the      Peñoles, 
    major beneficiary       S.A.B. de C.V.          74.990000               0.000000               74.990000% 
                        =======================  ======================  =====================  ====================== 
 

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

BBVA as fiduciary of the Baillères Family Trust (the 'Trust') holds the majority interest in the issued share capital (and voting rights) in Industrias Peñoles S.A.B. de C.V., which holds 552,595,191 ordinary shares (74.99%) of the issued share capital of Fresnillo plc. Mr Alejandro Baillères, Non-Executive Chairman of Fresnillo plc, is the major beneficiary of the Trust.

The transaction described above was as a result of the probate arrangements in respect of Mr Alberto Baillères, which resulted in his entire shareholding in Industrias Peñoles S.A.B. de C.V. being transferred to the Trust. The interest of Industrias Peñoles S.A.B. de C.V., in Fresnillo plc remains unchanged.

12. Date of Completion

13-Apr-2022

13. Place Of Completion

Mexico

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April 13, 2022 02:01 ET (06:01 GMT)