Max Property Group PLC Holding(s) in Company (3721A)

TIDMMAX

RNS Number : 3721A

Max Property Group PLC

18 February 2014

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                             Max Property 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                          Novatrust Limited of No2 The Forum, 
  to the                                                   Grenville Street, St Helier, Jersey, 
  notification obligation: (iii)                                      Channel Islands, JE1 1HH. 
--------------------------------------------  ------------------------------------------------- 
 4. Full name of shareholder(s)                    Howick Holdings Inc, and Kerry International 
  (if different from 3.):(iv)                             Investments Limited both of No 2, The 
                                                            Forum, Grenville Street, St Helier, 
                                                              Jersey, Channel Islands, JE1 1HH. 
 
                                                           All shares are held through Barclays 
                                                       Trust Channel Islands Limited as nominee 
--------------------------------------------  ------------------------------------------------- 
 5. Date of the transaction and date                              Recent trade 11 February 2014 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  ------------------------------------------------- 
 6. Date on which issuer notified:                                             13 February 2014 
--------------------------------------------  ------------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                         5% 
--------------------------------------------  ------------------------------------------------- 
 
 
 
 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) 
-----------    ----  -------  ------  -----  ----  ------------  ------------  -----------  ---------------  ------------ 
 Ordinary 
 shares       12,636,978       12,636,978           2,836,089     2,836,089     11,155,889   1.289%           5.071% 
             ---------------  -------------------  ------------  ------------  -----------  ---------------  ------------ 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------- 
 Type of financial    Expiration       Exercise/                       Number of voting                % of voting 
  instrument           date (xiii)      Conversion Period               rights that may                 rights 
                                        (xiv)                           be 
                                                                        acquired if the 
                                                                        instrument is 
                                                                        exercised/ converted. 
-------------------  ---------------  ------------------------------  ------------------------------  ------------------- 
 n/a 
-------------------  ---------------  ------------------------------  ------------------------------  ------------------- 
 
 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) 
-------------  -------------  -------------  ------------------  ------------------------------  ------------------------ 
 n/a                                                                                              Nominal        Delta 
-------------  -------------  -------------  ------------------  ------------------------------  -------------  --------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ---------------------------------------------------------- 
 13,991,978                                                     6.36% 
-------------------------------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------------- 
           Novatrust Limited indirectly holds 11,155,889 (equivalent to 5.071%) shares 
          jointly with STC International Limited of No 2, The Forum, Grenville Street, 
            St Helier, Jersey, Channel Islands, JE1 1HH. These shares are held through 
       jointly wholly owned subsidiaries: Howick Holdings Inc, and Kerry International 
                                                                  Investments Limited. 
 
             Novatrust Limited directly holds 2,826,089 shares (equivalent to 1.289%). 
 
                            STC International Limited is making a separate disclosure. 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                                     n/a 
-------------------------------------------------------  ----------------------------- 
 11. Number of voting rights proxy holder will                                     n/a 
  cease 
  to hold: 
-------------------------------------------------------  ----------------------------- 
 12. Date on which proxy holder will cease to                                      n/a 
  hold 
  voting rights: 
-------------------------------------------------------  ----------------------------- 
 
 
  13. Additional information: 
-------------------------------------------  ----------------------------------------- 
 14. Contact name:                                                          Mark Lewis 
-------------------------------------------  ----------------------------------------- 
 15. Contact telephone number:                                      [phone] 
-------------------------------------------  ----------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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