VR Education Holdings PLC Notification of Major Holdings (3797M)

TIDMVRE

RNS Number : 3797M

VR Education Holdings PLC

21 January 2021

Standard Form TR-1

S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the Central Bank of Ireland) 
 
 1. Identity of the issuer or the underlying issuer of existing shares 
  to which voting rights are attached : VR Education Holdings plc 
 2. Reason for the notification (please tick the appropriate box or boxes): 
  [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): 
 3. Details of person subject to the notification obligation : 
 Name: Kernel Seed Fund 2009                   City and country of registered office (if 
  Limited                                       applicable): 
                                                Dublin, Ireland 
                                              ------------------------------------------------------- 
 4. Full name of shareholder(s) (if different from 3.): 
  Kernel Seed Fund 2009 Limited as General Partner for and on behalf of 
  the Bank of Ireland Seed and Early Stage Fund 2009 Limited Partnership 
 5. Date on which the threshold was crossed or reached : 20/01/2020 
 6. Date on which issuer notified: 20/01/2020 
 7. Threshold(s) that is/are crossed or reached: 3% 
 8. Total positions of person(s) subject to the notification obligation: 
                           % of voting         % of voting rights   Total of both   Total number 
                            rights attached     through financial    in % (9.A +     of voting rights 
                            to shares (total    instruments          9.B)            of issuer 
                            of 9.A)             (total of 9.B.1 
                                                + 9.B.2) 
                          ------------------  -------------------  --------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               2.96%                                    2.96%           241,750,955 
                          ------------------  -------------------  --------------  ------------------ 
 Position of 
  previous notification 
  (if applicable)          4.95%                                    4.95% 
                          ------------------  -------------------  --------------  ------------------ 
 
 
 9. 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 
                                      ----------------- 
 Ordinary shares 
  IE00BG0HDR01      7,157,200                             2.96% 
                   -----------------  -----------------  -----------------  ---------------------------------- 
 
 
 SUBTOTAL A         7,157,200                             2.96% 
                   -----------------  -----------------  -----------------  ---------------------------------- 
 
 B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations 
 Type of            Expiration         Exercise/          Number of voting                    % of voting 
  financial          date              Conversion          rights that may                     rights 
  instrument                           Period              be acquired if 
                                                           the instrument 
                                                           is exercised/converted. 
                   -----------------  -----------------  ----------------------------------  ----------------- 
 
 
 
                                       SUBTOTAL B.1 
                                      -----------------  ----------------------------------  ----------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Regulation 17(1)(b) of the Regulations 
 Type of            Expiration         Exercise/          Physical           Number of        % of voting 
  financial          date              Conversion         or cash            voting rights     rights 
  instrument                           Period             settlement 
                   -----------------  -----------------  -----------------  --------------- 
 
 
 
                                                          SUBTOTAL B.2 
                                                         -----------------  --------------- 
 
 
 
 10. Information in relation to the person subject to the notification 
  obligation (please tick the applicable box): 
 
  [ ] 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. 
 
  [ ] 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 : 
 Name                % of voting rights      % of voting rights     Total of both if 
                      if it equals or         through financial      it equals or is 
                      is higher than the      instruments if it      higher than the 
                      notifiable threshold    equals or is higher    notifiable threshold 
                                              than the notifiable 
                                              threshold 
                    ----------------------  ---------------------  ---------------------- 
 Kernel Seed Fund 
  2009 Limited       2.96% 
                    ----------------------  ---------------------  ---------------------- 
 
 
 
 
 
 11. In case of proxy voting: [name of the proxy holder] will cease to 
  hold [% and number] voting rights as of [date] 
 
 12. Additional information : 
 

Done at Dublin, Ireland on 20/01/2020.

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January 21, 2021 02:00 ET (07:00 GMT)