TIDMARDN

RNS Number : 8603Q

Arden Partners plc

02 March 2021

Share purchase by Employee Benefit Trust

Arden Partners plc (LSE: ARDN) has been notified by the trustees of the Arden Partners Employee Benefit Trust Limited (the "EBT") that, on 1 March 2021, the EBT purchased 215,000 ordinary shares of 10 pence each (the "Ordinary Shares") in the Company, at a price of 11.00 pence per Ordinary Share.

Following this purchase, the EBT holds 2,785,000 Ordinary Shares, representing approximately 9.58 per cent of the Company's issued Ordinary Share capital.

Enquiries:

 
  Arden Partners plc     0207 614 5900 
  Steve Douglas 
                       ----------------- 
 
    GCA Altium             020 7484 4040 
                       ----------------- 
  Tim Richardson 
                       ----------------- 
 

TR-1: S tandard 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                                         Arden Partners plc 
   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                                                         Arden Partners Employee Benefit Trust 
                                                                Limited 
  City and country of registered office                        Birmingham, England 
   (if 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                           1 March 2021 
   crossed or reached (vi) : 
                                                             ----------------------------------------------- 
  6. Date on which issuer notified (DD/MM/YYYY):               2 March 2021 
                                                             ----------------------------------------------- 
  7. 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 % (8.A +      of voting rights 
                            to shares (total     instruments             8.B)             of issuer (vii) 
                            of 8. A)             (total of 8.B 
                                                 1 + 8.B 2) 
                         -------------------  ----------------------  ---------------  --------------------- 
  Resulting situation 
   on the date on 
   which threshold 
   was crossed or 
   reached                 9.58%                                        9.58%            29,074,211 
                         -------------------  ----------------------  ---------------  --------------------- 
  Position of previous 
   notification 
   (if applicable)         8.84%                                        8.84% 
                         -------------------  ----------------------  ---------------  --------------------- 
 
 
 
  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 of            Number of voting rights                                        % of voting rights 
   shares                   (ix) 
   ISIN code (if 
   possible) 
                         ------------------------------------------------------------- 
                           Direct                        Indirect                         Direct                       Indirect 
                            (Art 9 of Directive           (Art 10 of                       (Art 9 of Directive          (Art 10 of Directive 
                            2004/109/EC)                  Directive                        2004/109/EC)                 2004/109/EC) 
                            (DTR5.1)                      2004/109/EC)                     (DTR5.1)                     (DTR5.2.1) 
                                                          (DTR5.2.1) 
                         ----------------------------  -------------------------------  ---------------------------  ------------------------- 
  10p Ord Shares           2,785,000                                                      9.58% 
                         ----------------------------  -------------------------------  ---------------------------  ------------------------- 
 
  SUBTOTAL 8. A 
                         -------------------------------------------------------------  ------------------------------------------------------ 
 
  B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
   (DTR5.3.1.1 (a)) 
  Type of           Expiration                Exercise/                    Number of voting rights                     % of voting 
   financial         date (x)                  Conversion                   that may be acquired                        rights 
   instrument                                  Period (xi)                  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            % of voting 
   financial          date (x)                 Conversion          or cash settlement              voting rights        rights 
   instrument                                  Period (xi)         (xii) 
                   -----------------------  ------------------  ------------------------------  ------------------- 
 
                                                                  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                                                                          x 
   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 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 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 
                                ---------------------------------------  -----------------------------------  -------------------------------- 
 
 
 
  10. In case of proxy voting, please identify: 
  Name of the proxy holder                                                          N/a 
                                                                                  ------------------------------------------------------------ 
  The number and % of voting rights held                                            N/a 
                                                                                  ------------------------------------------------------------ 
  The date until which the voting rights                                            N/a 
   will be held 
                                                                                  ------------------------------------------------------------ 
 
  11. Additional information (xvi) 
 
 
 
 
  Place of completion    5 George Road, Edgbaston, Birmingham B15 1NP 
  Date of completion     2 March 2021 
                       ---------------------------------------------- 
 

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