Renewables Infrastructure Grp (The) TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (3642X)

TIDMTRIG TIDMPRU

RNS Number : 3642X

Renewables Infrastructure Grp (The)

20 February 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                         The Renewables Infrastructure 
  the underlying issuer                                                       Group Limited 
  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                                  X 
  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)                                        Prudential plc group of companies 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv)                                               Prudential plc 
                                                                   The Prudential Assurance Company 
                                                                                Limited 
                                                                           M&G Group Limited 
                                                                              M&G Limited 
                                                                       M&G Investment Management 
                                                                                Limited 
-----------------------------------------------------------  ------------------------------------------ 
 5. Date of the transaction                                               17 February 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------------ 
 6. Date on which issuer                                                  20 February 2017 
  notified: 
-----------------------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are                                                 See item 13 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  ------------------------------------------ 
 
 
 
 8. Notified details: 
--------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
--------------------------------------------------------------------------------------------------------------------------- 
 Class/type           Situation previous                  Resulting situation after the 
  of                   to the triggering                   triggering transaction 
  shares               transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------------  ----------------------------------  ------------------------------------------------------------------ 
                      Number            Number            Number          Number of voting         % of voting 
                       of                of                of shares       rights                   rights (x) 
                       Shares            Voting 
                                         Rights 
-------------------  ----------------  ----------------  --------------  -----------------------  ------------------------- 
                                                          Direct          Direct     Indirect      Direct        Indirect 
                                                                          (xi)        (xii) 
-------------------      ------------    ------------    --------------  ---------  ------------  ------------  ----------- 
      ORD NPV 
    GG00BBHX2H91        84,215,178        84,215,178       83,230,178        0       83,230,178         0          9.99% 
-------------------  ----------------  ----------------  --------------  ---------  ------------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
 Type of financial        Expiration      Exercise/                         Number of voting           % of voting 
  instrument               date            Conversion                        rights that                rights 
                           (xiii)          Period (xiv)                      may be 
                                                                             acquired if 
                                                                             the 
                                                                             instrument 
                                                                             is 
                                                                             exercised/ 
                                                                             converted. 
-----------------------  --------------  --------------------------------  -------------------------  --------------------- 
        ORD NPV                                                                    6,477,402                  0.77% 
      GG00BBHX2H91 
    (Right of Recall) 
-----------------------  --------------  --------------------------------  -------------------------  --------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
 Type of financial      Exercise        Expiration      Exercise/         Number of voting           % of voting 
  instrument             price          date            Conversion         rights instrument          rights (xix, 
                                        (xvii)          period             refers to                  xx) 
                                                        (xviii) 
---------------------  --------------  --------------  ----------------  -------------------------  ----------------------- 
                                                                                                     Nominal       Delta 
---------------------  --------------  --------------  ----------------  -------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                    Percentage of voting rights 
---------------------------------------------------------  ---------------------------------------------------------------- 
 89,707,580                                                 10.76% 
---------------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------------------------------- 
 
   Prudential plc (parent Company) - 89,707,580 (10.76%) 
   The Prudential Assurance Company Limited (wholly owned 
   subsidiary of Prudential plc) - 83,793,246 (10.05%) 
   M&G Group Limited (wholly owned subsidiary of Prudential 
   plc) - 89,707,580 (10.76%) 
   M&G Limited (wholly owned subsidiary of M&G Group Limited) 
   - 89,707,580 (10.76%) 
   M&G Investment Management Limited (wholly owned subsidiary 
   of M&G Limited) - 89,707,580 (10.76%) 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                            N/A 
--------------------------------------------------------  ---------------------------------- 
 11. Number of voting rights proxy                                        N/A 
  holder will cease to hold: 
--------------------------------------------------------  ---------------------------------- 
 12. Date on which proxy holder will                                      N/A 
  cease to hold voting rights: 
--------------------------------------------------------  ---------------------------------- 
 
 
  13. Additional information:                                Prudential plc has moved 

                                                             below a 10% indirect notifiable 
                                                             interest, excluding the right 
                                                             of recall under the Qualifying 
                                                             Financial Instruments. 
--------------------------------------------------------  ---------------------------------- 
 14. Contact name:                                         John Baker / Owen Smith / 
                                                            James Todd 
                                                            M&G Investment Management 
                                                            Limited 
--------------------------------------------------------  ---------------------------------- 
                                                           020 7548 2561 / 020 7004 
 15. Contact telephone number:                              4517 / 020 7548 2293 
--------------------------------------------------------  ---------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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February 20, 2017 11:45 ET (16:45 GMT)