Sabre Insurance Group PLC Holding(s) in Company (9002P)

TIDMSBRE TIDMAV.

RNS Number : 9002P

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)(i) 
---------------------------------------------------------------------------------------------------------- 
 
 1a. Identity of the issuer                        Sabre Insurance Group plc 
  or the underlying issuer 
  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 
-------------------------------------------------------------------------------------------  ------------- 
 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                                              Aviva plc & its subsidiaries 
 City and country of registered                    London, England 
  office (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
---------------------------------------------------------------------------------------------------------- 
 Name                                                   Registered Holder: 
                                                         Chase (GA Group) Nominees Limited 
                                                         453,850* 
                                                         HSBC Global Custody Nominee 
                                                         (UK) Limited 
                                                         9,998,803* 
                                                         State Street Nominees Limited 
                                                         26,950* 
                                                         *denotes direct interest 
                                                         Chase Nominees Limited 1,059,592 
                                                         Vidacos Nominees Limited 4,515,205 
------------------------------------------------  -------------------------------------------------------- 
 City and country of registered 
  office (if applicable) 
------------------------------------------------  -------------------------------------------------------- 
 5. Date on which the threshold                    30/05/2018 
  was crossed or reached(vi) 
  : 
------------------------------------------------  -------------------------------------------------------- 
 6. Date on which issuer                           31/05/2018 
  notified (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(vii) 
                                   8. A)               (total of 
                                                      8.B 1 + 8.B 
                                                           2) 
-----------------------  -----------------------  -------------------  --------------------  ------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached              6.42%                    0.00%                6.42%                 250,000,000 
-----------------------  -----------------------  -------------------  --------------------  ------------- 
 Position                 Below Threshold          Below Threshold      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) 
---------------------   ---------------------  --------------  ------------------------------  --------------- 
 Ordinary 
  Shares 
 
  GB00BYWVDP49           10,479,603             5,574,797       4.19%                           2.23% 
----------------------  ---------------------  --------------  ------------------------------  --------------- 
 
 
 SUBTOTAL 
  8. A                                16,054,400                                    6.42% 
----------------------  -------------------------------------  ----------------------------------------------- 
 
 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(x)                Conversion      rights that                     rights 
                                                 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 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 
-------------------  ----------------  -----------------------  --------------------- 
 Aviva plc            6.42%                                      6.42% 
-------------------  ----------------  -----------------------  --------------------- 
 Aviva Group 
  Holdings Limited    6.42%                                      6.42% 
-------------------  ----------------  -----------------------  --------------------- 
 Aviva Investors 
  Holdings Limited    6.42%                                      6.42% 
-------------------  ----------------  -----------------------  --------------------- 
 Aviva Investors 
  Global Services 
  Limited             6.42%                                      6.42% 
-------------------  ----------------  -----------------------  --------------------- 
 
 10. In case of proxy voting, please identify: 
------------------------------------------------------------------------------------- 
 Name of the proxy holder               See Section 4 
-------------------------------------  ---------------------------------------------- 
 The number and % of voting 
  rights held 
-------------------------------------  ---------------------------------------------- 
 The date until which the 
  voting rights will be held 
-------------------------------------  ---------------------------------------------- 
 
 11. Additional information(xvi) 
------------------------------------------------------------------------------------- 
 This notification is prompted by a <5% to >5% change 
  at Combined Interest Level, and a <3% to 4% change at 
  Direct Interest Level. 
------------------------------------------------------------------------------------- 
 
 
 
 Place of completion   Norwich, England 
--------------------  ----------------- 
 Date of completion    31 May 2018 
--------------------  ----------------- 
 

For further information, please contact:

Anneka Kingan, Company Secretary - [e-mail]

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May 31, 2018 10:34 ET (14:34 GMT)