TIDMEZH

RNS Number : 2458E

easyHotel PLC

26 February 2020

TR-1: S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS 
 
 1a. Identity of the issuer or the                                          easyHotel plc 
  underlying issuer of existing shares 
  to which voting rights are attached 
  (ii) : 
                                                            -------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer 
 Non-UK issuer 
                                                                                                    ---- 
 2. Reason for the notification 
 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                                                        Citrus Holdco Limited 
 City and country of registered office                       London, UK 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name 
                                                            -------------------------------------------- 
 City and country of registered office 
                                                            -------------------------------------------- 
 5. Date on which the threshold was                          26/02/2020 
  crossed or reached (vi) : 
                                                            -------------------------------------------- 
 6. Date on which issuer notified:                           26/02/2020 
                                                            -------------------------------------------- 
 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 %        of voting rights 
                               to shares           instruments                        of issuer (vii) 
                          -----------------  ---------------------  --------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               68.85%                                    68.85%          145,954,546 
                          -----------------  ---------------------  --------------  -------------------- 
 Position of 
  previous notification    68.85%                                    68.85% 
                          -----------------  ---------------------  --------------  -------------------- 
 
 
 
 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 
                           Direct                   Indirect                     Direct                  Indirect 
                     (Art 9 of Directive       (Art 10 of Directive        (Art 9 of Directive     (Art 10 of Directive 
                         2004/109/EC)              2004/109/EC)           2004/109/EC) (DTR5.1)        2004/109/EC) 
                           (DTR5.1)                 (DTR5.2.1)                                          (DTR5.2.1) 
                                           -------------------------- 
 GB00BN56KF84       100,483,906.00                                      68.85% 
                   ----------------------  --------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                       100,483,906.00                                         68.85% 
                   --------------------------------------------------  ------------------------------------------------ 
 
 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                  % of voting 
  financial          date         Conversion Period               rights that may                   rights 
  instrument         (x)          (xi)                            be acquired 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 or           Number of             % of voting 
  financial     date (x)          Conversion            cash                  voting rights         rights 
  instrument                      Period (xi)           settlement 
                                                        (xii) 
              ----------------  --------------------  --------------------  -------------------- 
 
 
 
                                                       SUBTOTAL 8.B.2 
                                                      --------------------  -------------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation 
 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 (xiii) 
 Full chain of controlled undertakings through which the voting rights                  X 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (xiv) 
 
  The voting rights are managed and controlled by Citrus Holdco Limited, 
  with the following chain of controlling undertakings. 
 
  Citrus Holdco Limited is owned by a consortium of ICAMAP Investments 
  S.à r.l. and Cadim Fonds Inc. 
 
  ICAMAP Investments S.à r.l. is in turned owned by ICAMAP Investors 
  SLP-SIF. ICAMAP Investors SLP-SIF is beneficially owned by certain 
  limited partners. Its managing general partner and AIFM is ICAMAP 
  S.à r.l. and its investment advisor is ICAMAP Advisory S.à 
  r.l. 
 
  Cadim Fonds Inc. is owned by Cadim Inc, which in turn is owned by 
  Ivanhoé Cambridge Inc. Ivanhoé Cambridge Inc. is a subsidiary 
  of Caisse de dépôt et placement du Québec. 
    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 
                                           ----------------------------------------------- 
 The number and % of voting rights 
  held 
                                           ----------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                           ----------------------------------------------- 
 
 11. Additional information (xvi) 
 Formal notification of Citrus Holdco Limited's total holding following: 
  (i) the close of the recommended unconditional mandatory cash offer by 
  Citrus Holdco Limited (formerly known as Citrus UK Bidco Limited) for 
  easyHotel on 1 October 2020, as disclosed in the offer closing announcement 
  released on that date, and (ii) subsequent market purchases of easyHotel 
  shares by Citrus Holdco Limited in January and February 2020. The later 
  market purchases did not in themselves require disclosure under DTR 5.1.2. 
 
 
 
 Place of completion   London, UK 
 Date of completion    26/02/2020 
                      ----------- 
 

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