On the Beach Group PLC Holding(s) in Company (2178Q)

TIDMOTB

RNS Number : 2178Q

On the Beach Group PLC

17 June 2020

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
 
 1. Identity of the issuer or the underlying                                                  On The Beach 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                                             Hawksford Trustees Jersey Limited (as 
  to the                                                                         trustees of the SC 2014 Settlement) 
  notification obligation: (iii) 
                                                                          ------------------------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
                                                                          ------------------------------------------ 
 5. Date of the transaction and                                                                          27 May 2020 
  date on 
  which the threshold is crossed 
  or 
  reached: (v) 
                                                                          ------------------------------------------ 
 6. Date on which issuer notified:                                                                       28 May 2020 
                                                                          ------------------------------------------ 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                                              7% 
                                                                          ------------------------------------------ 
 
 
 
 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) 
                   -----------    -----------    -------------  ------------  -----------  ------------  ------------- 
 GB00BYM1K758   9,296,649        9,296,649        9,684,999      9,684,999                  6.15% 
               ---------------  ---------------  -------------  ------------  -----------  ------------  ------------- 
 
 
 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 
 financial         price         date (xvii)    Conversion        rights instrument            rights (xix, 
 instrument                                     period            refers to                    xx) 
                                                (xviii) 
                 -------------  -------------  ---------------  ---------------------------  ------------------------- 
                                                                                              Nominal       Delta 
                 -------------  -------------  ---------------  ---------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
 Number of voting rights                            Percentage of voting rights 
                                                   ------------------------------------------------------------------- 
 9,684,999                                          6.15% 
                                                   ------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights 
  and/or the 
  financial instruments are effectively held, if applicable: (xxi) 
 
   Hawksford Trustees Jersey Limited holds the voting rights as trustees 
   of the SC 2014 Settlement. 
 
 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:                                                     David Carswell 
                                                                      --------------- 
 15. Contact telephone number:                                         01534 740152 
                                                                      --------------- 
 
 

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June 17, 2020 03:15 ET (07:15 GMT)