TIDMFAN

RNS Number : 9013U

Volution Group plc

12 April 2016

 
 
 
 
   TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
  --------------------------------------------------------------------------------- 
 
   1. Identity of the issuer or                                  Volution 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                          X 
  ----------------------------------------------------------  --------------------- 
   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 
    similar economic effect to qualifying financial 
    instruments 
  ----------------------------------------------------------  --------------------- 
   An event changing the breakdown of voting rights 
  ----------------------------------------------------------  --------------------- 
   Other (please 
    specify): 
  --------------------------------------------------------    --------------------- 
   3. Full name of person(s)                                  Baillie Gifford & Co 
    subject to the 
    notification obligation: 
    (iii) 
  ---------------------------------------------------------  ---------------------- 
   4. Full name of shareholder(s) 
    (if different from 3.):(iv) 
  ---------------------------------------------------------  ---------------------- 
   5. Date of the transaction                                         08 April 2016 
    and date on 
    which the threshold is 
    crossed or 
    reached: (v) 
  ---------------------------------------------------------  ---------------------- 
   6. Date on which issuer                                            11 April 2016 
    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) 
  --------------    ------------   ------------   -------------  ---------  -----------  --------  --------- 
   Ordinary 
    Share 
    GB00BN3ZZ526                                                             11,343,105             5.67% 
                                                                            -----------  --------  --------- 
    Below           Below 
     5%              5% 
   --------------  --------------     ------------------------------------  -----------  --------  --------- 
 
   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. 
  ----------------  -------------  -----------------------------  ---------------------  ------------------- 
   N/A 
  ----------------  -------------  -----------------------------  ---------------------  ------------------- 
 
   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) 
  ---------------  -------------  -------------  --------------  ----------------------  ------------------- 
   N/A                                                                                    Nominal   Delta 
  ---------------  -------------  -------------  --------------  ----------------------  --------  --------- 
 
 
   Total (A+B+C) 
  ---------------------------------------------------------------------------------------------------------- 
   Number of voting rights                          Percentage of voting rights 
  -----------------------------------------------  --------------------------------------------------------- 
   11,343,105                                       5.67% 
  -----------------------------------------------  --------------------------------------------------------- 
 
 
   9. Chain of controlled undertakings through which the 
    voting rights and/or the 
    financial instruments are effectively held, if applicable: 
    (xxi) 
  ------------------------------------------------------------------------- 
 
    In the narrative below, the figures in [ ] indicate 
    the amount of voting rights and the percentage held 
    by each controlled undertaking where relevant. 
    Baillie Gifford & Co, a discretionary investment manager, 
    is the parent undertaking of an investment management 
    group. 
 
    Its wholly-owned subsidiary undertaking Baillie Gifford 
    & Co Limited [1,056,388:0.53%] is an OEIC Authorised 
    Corporate Director and Unit Trust Manager which has 
    delegated its discretionary investment management role 
    to Baillie Gifford & Co. 
 
    Its wholly-owned subsidiary undertaking Baillie Gifford 
    Life Limited [3,672,336:1.84%] is a life assurance company 
    which procures discretionary investment management services 
    from Baillie Gifford & Co in respect of its own account 
    shareholdings. 
 
   Proxy Voting: 
  ------------------------------------------------------------------------- 
   10. Name of the proxy holder:                                        N/A 
  --------------------------------------------------------  --------------- 
   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:                                         Gillian Wright 
  --------------------------------------------------------  --------------- 
   15. Contact telephone number:                              0131 275 3041 
  --------------------------------------------------------  --------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 12, 2016 03:39 ET (07:39 GMT)

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