Independent News & Media PLC Holding(s) in Company (7166F)

TIDMINM

RNS Number : 7166F

Independent News & Media PLC

16 July 2019

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) : 
  Independent News & Media Plc 
 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 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: SFM UK Management LLP                 City and country of registered office (if 
                                              applicable): 
                                              London, United Kingdom 
                                            --------------------------------------------------- 
 4. Full name of shareholder(s) (if different from 3.)(v) : 
  Morgan Stanley & Co. LLC 
 5. Date on which the threshold was crossed or reached(vi) : 
  12 July 2019 
 6. Date on which issuer notified: 16 July 2019 
 7. Threshold(s) that is/are crossed or reached: 
  4% 
 8. 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 % (9.A +     of voting 
                          to shares (total    instruments          9.B)            rights of 
                          of 9.A)             (total of 9.B.1                      issuer(vii) 
                                              + 9.B.2) 
                        ------------------  -------------------  --------------  -------------- 
 Resulting situation 
  on the date on 
  which threshold 
  was crossed or 
  reached                      3.17%               1.48%              4.65%       1,386,547,375 
                        ------------------  -------------------  --------------  -------------- 
 Position of previous 
  notification (if 
  applicable)                  3.17%                 0                3.17% 
                        ------------------  -------------------  --------------  -------------- 
 
 
 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 
                                          ------------------------ 
 IE00B59HWB19               0                    44,000,000                        0                        3.17% 
                ------------------------  ------------------------  ------------------------------  --------------------- 
 
 SUBTOTAL A                                      44,000,000                                                 3.17% 
                ------------------------  ------------------------  ------------------------------  --------------------- 
 
 B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations 
 Type of financial    Expiration      Exercise/                      Number of voting                % of voting rights 
  instrument           date(x)         Conversion Period(xi)          rights that may 
                                                                      be acquired if 
                                                                      the instrument 
                                                                      is exercised/converted. 
                     --------------  -----------------------------  ------------------------------  --------------------- 
 
 
 
                                      SUBTOTAL B.1 
                                     -----------------------------  ------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to Regulation 
  17(1)(b) of the Regulations 
 Type of         Expiration           Exercise/         Physical or              Number of           % of voting 
 financial        date(x)              Conversion        cash settlement(xii)     voting rights       rights 
 instrument                            Period (xi) 
                -------------------  ----------------  -----------------------  ------------------ 
      CFD               N/A                 N/A            Cash settlement          20,512,178              1.48% 
                -------------------  ----------------  -----------------------  ------------------ 
 
 
                                                        SUBTOTAL B.2                20,512,178              1.48% 
                                                       -----------------------  ------------------ 
 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 rights       % of voting rights                  Total of both if 
                                if it equals or          through financial                   it equals or is 
                                is higher than           instruments if it                   higher than the 
                                the notifiable           equals or is higher                 notifiable threshold 
                                threshold                than the notifiable 
                                                         threshold 
                              -----------------------  ----------------------------------  ------------------------ 
 Soros Fund Management 
  LLC 
                              -----------------------  ----------------------------------  ------------------------ 
 SFM UK Holdings Limited 
                              -----------------------  ----------------------------------  ------------------------ 
 SFM UK Management 
  LLP                                  3.17%                        Below 3%                         4.65% 
                              -----------------------  ----------------------------------  ------------------------ 
 
 
 
 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 London on 16 July 2019.

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July 16, 2019 08:21 ET (12:21 GMT)