Irish Continental Holding(s) In Company

 
TIDMICGC 
 
 
   4 January 2019 
 
   Pursuant to its obligations under the Transparency (Directive 
2004/109/EC) Regulations 2007 ("The Regulations"), Irish Continental 
Group plc sets out below details of a notification received under The 
Regulations. 
 
   Tom Corcoran 
 
   Company Secretary 
 
   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) 
 : 
 Irish Continental Group 
-------------------------------------------------------------------------------------- 
2. Reason for the notification (please tick the appropriate 
 box or boxes): 
 [ X ] An acquisition or disposal of voting rights 
 [ ] 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:                           City and country of registered office (if applicable): 
 Marathon Asset Management LLP   London, UK 
------------------------------  ------------------------------------------------------ 
4. Full name of shareholder(s) (if different from 
 3.)(v) : 
 See attached breakdown 
-------------------------------------------------------------------------------------- 
5. Date on which the threshold was crossed or reached(vi) 
 : 
 3(rd) January 2019 
-------------------------------------------------------------------------------------- 
6. Date on which issuer notified: 
 4(th) January 2019 
-------------------------------------------------------------------------------------- 
7. Threshold(s) that is/are crossed or reached: 
 6% 
-------------------------------------------------------------------------------------- 
 
 
 
 
 
 
 
8. Total positions of person(s) subject to the notification 
 obligation: 
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
                                                      % of voting 
                                                         rights 
                                                      attached to 
                                                     shares (total   % of voting rights through financial instruments  Total of both in 
                                                        of 9.A)                  (total of 9.B.1 + 9.B.2)               % (9.A + 9.B)    Total number of voting rights of issuer(vii) 
---------------------------------------------------  --------------  ------------------------------------------------  ----------------  -------------------------------------------- 
Resulting situation on the date on which threshold 
 was crossed or reached                                        6.02                                                 0              6.02                                   190,264,390 
---------------------------------------------------  --------------  ------------------------------------------------  ----------------  -------------------------------------------- 
Position of previous notification (if applicable)              5.88                                                 0              5.88 
---------------------------------------------------  --------------  ------------------------------------------------  ----------------  -------------------------------------------- 
 
 
 
 
 
 
 
 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 
-------------------------------------------------------------------------------------------------------------------------------------------------- 
                           Number of voting rights(ix)             % of voting rights 
------------------------- 
Class/type of 
 shares 
 ISIN code (if possible)       Direct             Indirect                                Direct                                  Indirect 
-------------------------  -------------  -----------------------  ---------------------------------------------------  -------------------------- 
Ordinary Shares (IE00BLP58571)                         11,454,865                                                                             6.02 
----------------------------------------  -----------------------  ---------------------------------------------------  -------------------------- 
SUBTOTAL A                                             11,454,865                                                                             6.02 
----------------------------------------  -----------------------  ---------------------------------------------------  -------------------------- 
 
B 1: Financial Instruments according to Regulation 
 17(1)(a) of the Regulations 
-------------------------------------------------------------------------------------------------------------------------------------------------- 
Type of financial           Expiration   Exercise/                 Number of voting rights that may be acquired if the  % of voting rights 
 instrument                  date(x)      Conversion Period(xi)     instrument is exercised/converted. 
--------------------------  -----------  ------------------------  ---------------------------------------------------  -------------------------- 
None 
--------------------------   ------------------------------------  ---------------------------------------------------  -------------------------- 
                             SUBTOTAL B.1 
                             ------------------------------------  ---------------------------------------------------  -------------------------- 
 
B 2: Financial Instruments with similar economic effect 
 according to Regulation 17(1)(b) of the Regulations 
-------------------------------------------------------------------------------------------------------------------------------------------------- 
Type of financial          Expiration    Exercise/ Conversion      Physical or cash settlement(xii)                     Number  % of voting rights 
 instrument                 date(x)      Period (xi)                                                                    of 
                                                                                                                        voting 
                                                                                                                        rights 
-------------------------  ------------  ------------------------  ---------------------------------------------------  ------  ------------------ 
None 
----------------------------------------  -----------------------  ---------------------------------------------------  ------  ------------------ 
                                                                   SUBTOTAL B.2 
                                                                   ---------------------------------------------------  ------  ------------------ 
 
 
   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 if it equals or is higher than the notifiable 
threshold 
 
   % of voting rights through financial instruments if it equals or is 
higher than the notifiable threshold 
 
   Total of both if it equals or is higher than the notifiable threshold 
 
   William Arah 
 
   Jeremy Hosking 
 
   Neil Ostrer 
 
   Marathon Asset Management LLP 
 
   6.02 
 
   0 
 
   6.02 
 
   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) : 
 
   Breakdown of Holdings: 
 
 
 
 
Custodian                                    Nominal 
------------------------------------------  ---------- 
Bank of New York Mellon                      2,646,751 
Brown Brothers Harriman                          9,758 
JP Morgan Chase                                543,858 
Northern Trust                               6,378,560 
Royal Bank of Canada                            11,433 
State Street Bank & Trust Company, Boston    7,174,612 
------------------------------------------  ---------- 
Total                                       16,764,972 
------------------------------------------  ---------- 
 
 
   The shares referred to in this disclosure correspond to a number of 
funds and accounts managed by portfolio managers under the control of 
Marathon Asset Management LLP.  The provided breakdown of holdings refer 
to the total number of shares in Irish Continental Group controlled by 
Marathon Asset Management LLP but the firm only has authority to vote in 
connection with 11,454,865 shares. 
 
   Done at London on 4(th) January 2019. 
 
 
 
 
 
 

(END) Dow Jones Newswires

January 04, 2019 09:39 ET (14:39 GMT)

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