Sabre Insurance Group PLC Holding(s) in Company (7547P)

TIDMSBRE

RNS Number : 7547P

Sabre Insurance Group PLC

31 May 2018

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) 
------------------------------------------------------------------------------------------------- 
 
 1a. Identity of the issuer                                  Sabre Insurance Group Plc 
  or the underlying issuer 
  of existing shares to which 
  voting rights are attached: 
-----------------------------------------------  ------------------------------------------------ 
 1b. Please indicate if the issuer is a non-UK issuer 
  (please mark with an "X" if appropriate) 
------------------------------------------------------------------------------------------------- 
 Non-UK issuer 
----------------------------------------------------------------------------------  ------------- 
 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): 
----------------------------------------------------------------------------------  ------------- 
 3. Details of person subject to the notification obligation 
 Name                                                         BC European Capital IX 
 City and country of registered                           Please refer to the additional 
  office (if applicable)                                       information at Box 11. 
 4. Full name of shareholder(s) (if different from 3.) 
------------------------------------------------------------------------------------------------- 
 Name 
-----------------------------------------------  ------------------------------------------------ 
 City and country of registered 
  office (if applicable) 
-----------------------------------------------  ------------------------------------------------ 
 5. Date on which the threshold                                     30/05/2018 
  was crossed or reached: 
-----------------------------------------------  ------------------------------------------------ 
 6. Date on which issuer notified                                   30/05/2018 
  (DD/MM/YYYY): 
-----------------------------------------------  ------------------------------------------------ 
 7. Total positions of person(s) subject to the notification 
  obligation 
------------------------------------------------------------------------------------------------- 
                              % of voting           % of voting        Total of      Total number 
                            rights attached       rights through       both in %      of voting 
                               to shares             financial        (8.A + 8.B)     rights of 
                               (total of            instruments                       issuer 
                                 8. A)               (total of 
                                                    8.B 1 + 8.B 
                                                        2) 
---------------------  ------------------------  ----------------  ---------------  ------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached                     14.5%                                  14.5%        250,000,000 
---------------------  ------------------------  ----------------  ---------------  ------------- 
 Position 
  of previous 
  notification 
  (if 
  applicable)                    29.0%                                  29.0% 
---------------------  ------------------------  ----------------  ---------------  ------------- 
 
 
 
 8. Notified details of the resulting situation on the 
  date on which the threshold was crossed or reached 
---------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------- 
 Class/type             Number of voting rights                   % 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) 
--------------------   ------------------------  --------------  -------------------------  -------------- 
 Ordinary 
  share 
  GB00BYWVDP49                36,309,783                                   14.5% 
---------------------  ------------------------  --------------  -------------------------  -------------- 
 
 
 SUBTOTAL 
  8. A                                36,309,783                                   14.5% 
---------------------  ----------------------------------------  ----------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) 
  of Directive 2004/109/EC (DTR5.3.1.1 (a)) 
---------------------------------------------------------------------------------------------------------- 
 Type of financial      Expiration                Exercise/       Number of voting           % of voting 
  instrument             date                      Conversion      rights that                rights 
                                                   Period          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     rights 
--------------------  -------------------------  --------------  ------------  -----------  -------------- 
 
 
 
                                                                  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                         X 
  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 
 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 (please add additional rows as necessary) 
--------------------------------------------------------------  --------------------- 
      Name           % of voting            % of voting             Total of both 
                     rights if it          rights through            if it equals 
                     equals or is       financial instruments        or is higher 
                      higher than           if it equals          than the notifiable 
                    the notifiable          or is higher               threshold 
                       threshold         than the notifiable 
                                              threshold 
----------------  -----------------  -------------------------  --------------------- 
 BC European 
  Capital IX            14.5%                                           14.5% 
----------------  -----------------  -------------------------  --------------------- 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
------------------------------------------------------------------------------------- 
 Name of the proxy holder 
-----------------------------------  ------------------------------------------------ 
 The number and % of voting 
  rights held 
-----------------------------------  ------------------------------------------------ 
 The date until which the 
  voting rights will be held 
-----------------------------------  ------------------------------------------------ 
 
 11. Additional information 
------------------------------------------------------------------------------------- 
 BC European Capital IX is a private equity fund comprising 
  a series of limited partnerships incorporated in England 

  (each acting by their general partner, CIE Management 
  IX Limited, a company incorporated in Guernsey) and 
  BC European Capital IX Limited, a company incorporated 
  in Malta, each of whom is advised by BC Partners LLP, 
  a private equity firm incorporated in England. 
------------------------------------------------------------------------------------- 
 
 
 
 Place of completion   London 
--------------------  ----------- 
 Date of completion    30/05/2018 
--------------------  ----------- 
 

For further information, please contact:

Anneka Kingan, Company Secretary - [e-mail]

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May 31, 2018 02:00 ET (06:00 GMT)