Real Estate Credit Investments Ltd Notification of Major Interest in Shares (2718A)

TIDMRECI TIDMTTM TIDMTTM TIDMSLA

RNS Number : 2718A

Real Estate Credit Investments Ltd

22 December 2017

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant 
  issuer and to the FCA in Microsoft Word format if possible)(i) 
---------------------------------------------------------------------------------------------------- 
 
 1a. Identity of the issuer                                  Real Estate Credit Investments 
  or the underlying issuer                                               Limited 
  of existing shares to which 
  voting rights are attached(ii) 
  : 
-------------------------------------------------  ------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer 
  (please mark with an "X" if appropriate) 
---------------------------------------------------------------------------------------------------- 
 Non-UK issuer                                                                               X 
------------------------------------------------------------------------------------  -------------- 
 2. Reason for the notification (please mark the appropriate 
  box or boxes with an "X") 
---------------------------------------------------------------------------------------------------- 
 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                                               Aggregate of Standard Life 
                                                     Aberdeen plc affiliated investment 
                                                     management entities with 
                                                     delegated voting rights on 
                                                     behalf of multiple managed 
                                                     portfolios 
 City and country of registered                     Edinburgh, Scotland 
  office (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
---------------------------------------------------------------------------------------------------- 
 Name 
-------------------------------------------------  ------------------------------------------------- 
 City and country of registered 
  office (if applicable) 
-------------------------------------------------  ------------------------------------------------- 
 5. Date on which the threshold                     21/12/2017 
  was crossed or reached(vi) 
  : 
-------------------------------------------------  ------------------------------------------------- 
 6. Date on which issuer notified                   22/12/2017 
  (DD/MM/YYYY): 
-------------------------------------------------  ------------------------------------------------- 
 7. Total positions of person(s) subject to the notification 
  obligation 
---------------------------------------------------------------------------------------------------- 
                    % of voting     % of voting                 Total of               Total number 
                      rights       rights through               both in %               of voting 
                     attached        financial                 (8.A + 8.B)              rights of 
                     to shares      instruments                                         issuer(vii) 
                     (total of       (total of 
                       8. A)        8.B 1 + 8.B 
                                         2) 
----------------  --------------  ---------------  ---------------------------------  -------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached           6.05             0.00                      6.05                  139,382,984 
----------------  --------------  ---------------  ---------------------------------  -------------- 
 Position               N/A             N/A                       N/A 
  of previous 
  notification 
  (if 
  applicable) 
----------------  --------------  ---------------  ---------------------------------  -------------- 
 8. 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 
                     (Art 9 of       (Art 10 of                 (Art 9 of                (Art 10 of 
                     Directive        Directive                 Directive                Directive 
                    2004/109/EC)    2004/109/EC)              2004/109/EC)              2004/109/EC) 
                      (DTR5.1)       (DTR5.2.1)                 (DTR5.1)                 (DTR5.2.1) 
---------------   --------------  ---------------  ---------------------------------  -------------- 
 GB00B0HW5366           N/A          8,435,423                    N/A                      6.05 
----------------  --------------  ---------------  ---------------------------------  -------------- 
 
 SUBTOTAL 
  8. A                       8,435,423                                    6.05 
----------------  -------------------------------  ------------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) 
  of Directive 2004/109/EC (DTR5.3.1.1 (a)) 
---------------------------------------------------------------------------------------------------- 
 Type of           Expiration      Exercise/        Number of voting                   % of voting 
  financial         date(x)         Conversion       rights that                        rights 
  instrument                        Period(xi)       may be acquired 
                                                     if the instrument 
                                                     is 
                                                     exercised/converted. 
----------------  --------------  ---------------  ---------------------------------  -------------- 
 
                                   SUBTOTAL 8. 
                                    B 1 
                                  ---------------  ---------------------------------  -------------- 
 
 B 2: Financial Instruments with similar economic effect 
  according to Art. 13(1)(b) of Directive 2004/109/EC 
  (DTR5.3.1.1 (b)) 
---------------------------------------------------------------------------------------------------- 
 Type of          Expiration       Exercise/        Physical          Number           % of voting 
  financial        date(x)         Conversion       or cash            of voting        rights 
  instrument                       Period           settlement(xii)    rights 
                                   (xi) 
---------------  ---------------  ---------------  ----------------  ---------------  -------------- 
 
                                                    SUBTOTAL 
                                                     8.B.2 
                                                   ----------------  ---------------  -------------- 
 
 
 
 
 9. Information in relation to the person subject to 
  the notification obligation (please mark the 
  applicable box with an "X") 
 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) 
 Full chain of controlled undertakings through which                           X 
  the voting rights and/or the 
  financial instruments are effectively held starting 
  with the ultimate controlling natural person or 
  legal entity(xiv) (please add additional rows as 
  necessary) 
-------------------------------------------------------------------  --------------------- 
          Name(xv)             % of voting        % of voting            Total of both 
                                  rights         rights through           if it equals 
                                  if it       financial instruments       or is higher 
                                  equals          if it equals         than the notifiable 
                                  or is           or is higher              threshold 
                                  higher       than the notifiable 
                                 than the           threshold 
                                notifiable 
                                threshold 
----------------------------  ------------  -----------------------  --------------------- 
 Standard Life Investments 
  Limited                         5.82                0.00                    5.82 
----------------------------  ------------  -----------------------  --------------------- 
 Aberdeen Asset Managers 
  Limited                         0.04                0.00                    0.04 
----------------------------  ------------  -----------------------  --------------------- 
 Aberdeen Asset Investments 
  Limited                         0.19                0.00                    0.19 

----------------------------  ------------  -----------------------  --------------------- 
 
 10. In case of proxy voting, please identify: 
------------------------------------------------------------------------------------------ 
 Name of the proxy holder                    N/A 
------------------------------------------  ---------------------------------------------- 
 The number and % of voting                  N/A 
  rights held 
------------------------------------------  ---------------------------------------------- 
 The date until which the                    N/A 
  voting rights will be held 
------------------------------------------  ---------------------------------------------- 
 
 11. Additional information(xvi) 
------------------------------------------------------------------------------------------ 
 
   In reference to section 9, the shares detailed are managed 
   by the named discretionary investment management entity 
   within multiple portfolios on behalf of underlying clients, 
   based on investment management agreements whereby the 
   client has delegated the exercise of the voting power 
   to the referenced investment manager. 
 
   The disclosure is to reflect the fact that both the 
   underlying investment management entity Standard Life 
   Investments Limited and the aggregate of Standard Life 
   Aberdeen plc affiliated investment management entities 
   with delegated voting rights on behalf of multiple managed 
   portfolios crossed through a notifiable due to acquiring 
   shares in the recent Placing. The threshold crossed 
   was 5% and Standard Life Investments Limited managed 
   no shares in Real Estate Credit Investments Limited 
   plc prior to the crossing. 
------------------------------------------------------------------------------------------ 
 
 
 
 Place of completion   Aberdeen, United Kingdom 
--------------------  ------------------------- 
 Date of completion    22/12/2017 
--------------------  ------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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December 27, 2017 02:00 ET (07:00 GMT)