Driver Group plc Holding(s) in Company (6466K)
July 10 2017 - 11:28AM
UK Regulatory
TIDMDRV
RNS Number : 6466K
Driver Group plc
10 July 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or DRIVER 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 Yes
---------------------------------------------------------- -------------------------------
An acquisition or disposal of qualifying financial No
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
---------------------------------------------------------- -------------------------------
An acquisition or disposal of instruments with No
similar economic effect to qualifying financial
instruments
---------------------------------------------------------- -------------------------------
An event changing the breakdown of voting rights No
---------------------------------------------------------- -------------------------------
Other (please N/A
specify):
-------------------------------------------------------- -------------------------------
3. Full name of person(s) River and Mercantile Asset
subject to the Management LLP
notification obligation:
(iii)
--------------------------------------------------------- --------------------------------
4. Full name of shareholder(s) River and Mercantile Funds
(if different from 3.):(iv) ICVC - River and Mercantile
UK Equity Long Term Recovery
Fund
River and Mercantile UK Micro
Cap Investment Company Ltd
Both managed by River and
Mercantile Asset Management
LLP
--------------------------------------------------------- --------------------------------
5. Date of the transaction 7 July 2017
and date on
which the threshold is
crossed or
reached: (v)
--------------------------------------------------------- --------------------------------
6. Date on which issuer 10 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)
------------- ----------- ----------- -------------- ------------ ------------ ------------ -----------
GB00B0L9C092 2,504,000 2,504,000 3,029,000 3,029,000 5.6235%
--------------- --------------- -------------- ------------ ------------ ------------ -----------
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)
--------------- ------------- ------------- ---------------- ---------------------------- -----------------------
Nominal Delta
--------------- ------------- ------------- ---------------- ---------------------------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------- -------------------------------------------------------------------
3,029,000 5.6235%
------------------------------------------------- -------------------------------------------------------------------
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: River and Mercantile
Asset Management LLP
--------------------------------------- ---------------------------
11. Number of voting rights proxy N/A
holder will cease
to hold:
--------------------------------------- ---------------------------
12. Date on which proxy holder will N/A
cease to hold
voting rights:
--------------------------------------- ---------------------------
13. Additional information:
--------------------------------------- ---------------------------
14. Contact name: Charlotte Williams / David
Harris
Compliance Department
--------------------------------------- ---------------------------
15. Contact telephone number: +44 (0) 20 7601 6262
--------------------------------------- ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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