UK Comm Prop REIT Ltd Holding(s) in Company

 
TIDMUKCM 
 
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 or the underlying     UK Commercial Property REIT Limited ("UKCPR") 
issuer of existing shares to which voting rights 
are attachedii: 
 
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 
 
An acquisition or disposal of financial instruments 
 
An event changing the breakdown of voting rights 
 
Other (please specify)iii:                                     X (change in % level of voting 
                                                             rights in different categories of 
                                                             voting rights, in accordance with 
                                                                        DTR 5.7.2.) 
 
3. Details of person subject to the notification obligationiv 
 
Name                                             Phoenix Life Limited 
 
City and country of registered office (if        Birmingham, United Kingdom 
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 was crossed or    29 November 2018 
reachedvi: 
 
6. Date on which issuer notified (DD/MM/YYYY):   3 December 2018 
 
7. Total positions of person(s) subject to the notification obligation 
 
                   % of voting rights  % of voting rights  Total of both in % Total number of 
                   attached to shares  through financial      (8.A + 8.B)     voting rights of 
                    (total of 8. A)       instruments                         issuervii 
                                       (total of 8.B 1 + 
                                             8.B 2) 
 
Resulting          34.98% (indirect)  34.98%               34.98% (see        454,544,759 
situation on the                                           section 11) 
date on which 
threshold was 
crossed or reached 
 
Position of        34.98% (direct)                         34.98% (see 
previous                                                   section 11) 
notification (if 
applicable) 
 
 
 
 
   8. Notified details of the resulting situation on the date on which the 
   threshold was crossed or reachedviii 
 
   A: Voting rights attached to shares 
 
   Class/type of         Number of voting rightsix              % of voting rights 
   shares 
   ISIN code (if              Direct             Indirect              Direct             Indirect 
   possible)                 (Art 9 of     (Art 10 of Directive (Art 9 of Directive      (Art 10 of 
                          Directive 2004/      2004/109/EC)         2004/109/EC)     Directive 2004/109 
                         109/EC) (DTR5.1)       (DTR5.2.1)            (DTR5.1)        /EC) (DTR5.2.1) 
 
                                           454,544,759                               34.98% 
 
   SUBTOTAL 8. A                      454,544,759                               34.98% 
 
   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 rights % of voting rights 
   instrument            datex      Conversion Periodxi      that may be acquired if 
                                                             the instrument is 
                                                             exercised/converted. 
 
   Right of recall over  None       At any time              454,544,759             34.98% 
   securities lending 
   agreements 
 
                                    SUBTOTAL 8. B 1          454,544,759             34.98% 
 
   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 or cash Number of      % of voting rights 
   financial       datex            Conversion       settlementxii    voting rights 
   instrument                       Period 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) issuerxiii 
 
Full chain of controlled undertakings through which the voting rights and/or                       X 
the 
financial instruments are effectively held starting with the ultimate 
controlling natural person or legal entityxiv (please add additional rows as 
necessary) 
 
        Namexv           % of voting rights if it      % of voting rights       Total of both if it 
                         equals or is higher than       through financial     equals or is higher than 
                         the notifiable threshold   instruments if it equals  the notifiable threshold 
                                                      or is higher than the 
                                                      notifiable threshold 
 
Phoenix Life Limited    34.98% (indirect)           34.98%                    34.98% (see section 11) 
 
A. Phoenix SPV1 Limited 8.75%                                                 8.75% 
 
B. Phoenix SPV2 Limited 8.75%                                                 8.75% 
 
C. Phoenix SPV3 Limited 8.75%                                                 8.75% 
 
D. Phoenix SPV4 Limited 8.74%                                                 8.74% 
 
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 informationxvi 
 
Phoenix Life Limited's percentage of voting rights held in UKCPR will remain at 
34.98%.  This is because Phoenix Life Limited has transferred its UKCPR shares 
to four subsidiaries via stock lending arrangements, meaning that it will have 
both indirect voting rights and a right to recall the shares at any time (thus 
regaining its direct voting rights). 
 
 
 
 
Place of completion  London 
 
Date of completion   29 November 2018 
 
 
 
END 
 

(END) Dow Jones Newswires

December 06, 2018 02:00 ET (07:00 GMT)