Fadel Partners Inc. Change of Investment Manager/ Holdings in Company (7966W)
April 20 2023 - 1:00AM
UK Regulatory
TIDMFADL
RNS Number : 7966W
Fadel Partners Inc.
20 April 2023
20 April 2023
Fadel Partners, Inc.
('FADEL', the 'Company' or, together with its subsidiaries, the
'Group')
Change of Investment Manager/ Holdings in Company
Fadel Partners, Inc., a brand compliance, rights and royalty
management software provider, announces that on 18 April 2023 the
Company was notified that effective from 18 April 2023 the
investment manager agreement ("Investment Manager") for the common
shares held by Impact Fund by MEVP Holding SAL ("Impact Fund") has
transferred to Capital PE Holding SAL ("Capital PE").
The Investment Manager's obligations under the relationship and
lock in agreements, as documented in the Company's Admission
Document dated 2 April 2023 will transfer to Capital PE.
For further information please contact:
Tarek Fadel, Chief Executive Officer Via Alma PR
Vicary Gibbs, Chief Financial Officer
finnCap Limited (Nomad & Broker) 020 7220 0500
Jonny-Franklin Adams, Emily Watts, Abigail
Kelly, Milesh Hindocha (Corporate Finance)
Tim Redfern, Sunila De Silva (ECM)
Alma PR Tel: +44(0)20 3405
0205
Josh Royston fadel@almapr.co.uk
Andy Bryant
Matthew Young
About FADEL Partners Inc.
FADEL is a developer of cloud based brand compliance and rights
and royalty management software, working with some of the world's
leading licensors and licensees across media, entertainment,
publishing, consumer brands and hi-tech/gaming companies. The Group
combines the power of rights management and content compliance with
sophisticated content services, AI-powered visual search and image
and video recognition.
FADEL has two solutions, being IPM Suite (rights and royalty
management for publishers and licensing) and Brand Vision (an
integrated platform for Brand Compliance & Monitoring that
includes Content Services, Digital Rights Management, AI-Powered
Content Tracking, a Brand Monitor, and 100 million Ready-to-License
Images).
The Group's main country of operation is the United States,
where it is headquartered in New York, with further operations in
the UK, Lebanon, France, Canada and India. Founded in 2003 by Tarek
Fadel (Chief Executive Officer), FADEL has since grown to a team of
116 full time employees, plus an additional pool of c.50-60
contractors.
For more information please visit the Group's website at:
www.fadel.com .
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 Fadel Partners, Inc.
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 X
----
2. Reason for the notification (please mark the appropriate box or boxes
with an "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) (iii) : X
----
3. Details of person subject to the notification obligation (iv)
Name Capital PE Holding SAL
City and country of registered office Lebanon
(if applicable)
4. Full name of shareholder(s) (if different from 3.) (v)
Name Impact Fund by MEVP Holding SAL
--------------------------------------------
City and country of registered office Lebanon
(if applicable)
--------------------------------------------
5. Date on which the threshold was 18/04/23
crossed or reached (vi) :
--------------------------------------------
6. Date on which issuer notified 18/04/23
(DD/MM/YYYY):
--------------------------------------------
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) held in issuer
of 8. A) (total of 8.B (8.A + 8.B)
1 + 8.B 2) (vii)
------------------ --------------------- -------------- --------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 29.0 29.0 5,796,821
------------------ --------------------- -------------- --------------------
Position of
previous notification
(if
applicable) 29.0
------------------ --------------------- -------------- --------------------
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
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
--------------------- --------------------- -------------------- ----------------
USU3033R1024 5,796,821 29.0
--------------------- --------------------- -------------------- ----------------
SUBTOTAL 8.
A 5,796,821 29.0
-------------------------------------------- --------------------------------------
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion Period rights that may rights
(x) (xi) be acquired if
the instrument
is
exercised/converted.
----------- ------------------------- -------------------------- ----------------
SUBTOTAL 8. B
1
----------- ------------------------- -------------------------- ----------------
B 2: Financial Instruments with similar economic effect according to
DTR5.3.1R (1) (b)
Type of financial Expiration Exercise/ Physical Number of % of voting
instrument date (x) Conversion or cash voting rights rights
Period (xi) Settlement
(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
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 (please add additional
rows as necessary) (xiv)
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
---------------------- --------------------- ------------------------
Capital PE Holding
SAL 29.0 29.0
---------------------- --------------------- ------------------------
MEVP Lebanon Holding
SAL 29.0 29.0
---------------------- --------------------- ------------------------
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)
Change of investment manager
Place of completion Beirut, Lebanon
Date of completion 18/04/23
----------------
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