Watchstone Group PLC Holding(s) in Company (6371M)

TIDMWTG

RNS Number : 6371M

Watchstone Group PLC

31 July 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                                Watchstone Group PLC 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-----------------------------------------------------------  ------------------------------------ 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights 
------------------------------------------------------------  ----------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
------------------------------------------------------------  ----------------------------------- 
 An acquisition or disposal of instruments with                                x 
  similar economic effect to qualifying financial 
  instruments 
------------------------------------------------------------  ----------------------------------- 
 An event changing the breakdown of voting rights 
------------------------------------------------------------  ----------------------------------- 
 Other (please 
  specify): 
----------------------------------------------------------    ----------------------------------- 
 3. Full name of person(s)                                       BlueMountain Capital Management, 
  subject to the                                                                              LLC 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------ 
 4. Full name of shareholder(s)                                      BlueMountain Timberline Ltd. 
  (if different from                                               BlueMountain Montenvers Master 
  3.):(iv)                                                                     Fund SCA SICAV-SIF 
                                                                Blue Mountain Credit Alternatives 
                                                                    Master Fund L.P. BlueMountain 
                                                                          Kicking Horse Fund L.P. 
                                                                BlueMountain Foinaven Master Fund 
                                                                                              L.P 
                                                                 BlueMountain Logan Opportunities 
                                                                                 Master Fund L.P. 
-----------------------------------------------------------  ------------------------------------ 
 5. Date of the transaction                                                          28 July 2017 
  and date on 
  which the threshold 
  is crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------ 
 6. Date on which issuer                                                             31 July 2017 
  notified: 
-----------------------------------------------------------  ------------------------------------ 
 7. Threshold(s) that 
  is/are crossed or 
  reached: (vi, vii)                                                                           5% 
-----------------------------------------------------------  ------------------------------------ 
 
 
 
 8. Notified details: 
--------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
--------------------------------------------------------------------------------------------------------- 
 Class/type    Situation previous              Resulting situation after the 
 of             to the triggering               triggering transaction 
 shares         transaction 
 
 if possible 
 using 
 the ISIN 
 CODE 
------------  ------------------------------  ----------------------------------------------------------- 
               Number          Number          Number         Number of               % of voting 
               of               of              of shares      voting                  rights (x) 
               Shares           Voting                         rights 
                                Rights 
------------  --------------  --------------  -------------  ----------------------  -------------------- 
                                               Direct         Direct     Indirect     Direct     Indirect 
                                                              (xi)        (xii) 
------------    ------------   ------------   -------------  ---------  -----------  ---------  --------- 
 
 
 
 B: Qualifying Financial Instruments 
--------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------- 
 Type of         Expiration     Exercise/                      Number of voting        % of voting 
 financial        date           Conversion                     rights that             rights 
 instrument       (xiii)         Period (xiv)                   may be 
                                                                acquired if 
                                                                the 
                                                                instrument 
                                                                is 
                                                                exercised/ 
                                                                converted. 
--------------  -------------  -----------------------------  ----------------------  ------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
--------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------- 
 Type of        Exercise       Expiration     Exercise/       Number of voting         % of voting 
 financial       price         date           Conversion       rights instrument        rights (xix, 
 instrument                    (xvii)         period           refers to                xx) 
                                              (xviii) 
-------------  -------------  -------------  --------------  -----------------------  ------------------- 
 Equity Swap                                                  2,248,093                Nominal   Delta 
-------------  -------------  -------------  --------------  -----------------------  --------  --------- 
                                                                                       4.88%     4.88% 
            ------------------------------------------------------------------------  --------  --------- 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------- 
 Number of voting rights                        Percentage of voting rights 
---------------------------------------------  ---------------------------------------------------------- 
 2,248,093                                      4.88% 
---------------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------------ 
 
 
 Proxy Voting: 
------------------------------------------------------------------------------------------------ 
 10. Name of the proxy holder: 
-------------------------------------------------------------  --------------------------------- 
 11. Number of voting rights proxy 
  holder will cease 
  to hold: 
-------------------------------------------------------------  --------------------------------- 
 12. Date on which proxy holder will 
  cease to hold 
  voting rights: 
-------------------------------------------------------------  --------------------------------- 
 
 
  13. Additional information: 
-------------------------------------------------------------  --------------------------------- 
 14. Contact name:                                              Eric M. Albert, Chief Compliance 
                                                                        Officer & Deputy General 
                                                                                         Counsel 
-------------------------------------------------------------  --------------------------------- 
 15. Contact telephone number:                                                   [phone] 
-------------------------------------------------------------  --------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 31, 2017 11:04 ET (15:04 GMT)