ITM Power PLC Holding(s) in Company (3519X)
February 20 2017 - 9:01AM
UK Regulatory
TIDMITM
RNS Number : 3519X
ITM Power PLC
20 February 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
------------------------------------------------------------------------------------------------
1. Identity of the issuer or ITM Power 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) Allianz Global Investors GmbH
subject to the
notification obligation:
(iii)
----------------------------------------------------------- -----------------------------------
4. Full name of shareholder(s) N/A
(if different from 3.):(iv)
----------------------------------------------------------- -----------------------------------
5. Date of the transaction 17 February 2017
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- -----------------------------------
6. Date on which issuer 20 February 2017
notified:
----------------------------------------------------------- -----------------------------------
7. Threshold(s) that is/are Above 10%
crossed or
reached: (vi, vii)
----------------------------------------------------------- -----------------------------------
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 voting rights (x)
Shares Voting shares rights
Rights
------------- ----------------- ----------------- -------------- ----------------------- -----------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ------------- ------------- -------------- --------- ------------ ---------- -----------
GB00B0130H42 5,629,931 5,629,931 0 0 27,499,989 0 10.97%
--------------- ----------------- ----------------- -------------- --------- ------------ ---------- -----------
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 N/A N/A N/A 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 N/A N/A N/A N/A Nominal Delta
------------- ----------------- ----------------- -------------- ------------------------- ------------ ---------
N/A N/A
------------- ------------- ------------- ------------ ------- ------------ ------------ ---------
Total (A+B+C)
-----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------------------------- --------------------------------------------------
27,499,989 10.97%
------------------------------------------------------------------- --------------------------------------------------
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: N/A
------------------------------------------------------- ---------------------------------
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: Acquisition via issuer placing
------------------------------------------------------- ---------------------------------
14. Contact name: Darren Wickert
------------------------------------------------------- ---------------------------------
15. Contact telephone number: +44 (0) 20 3246 7125
------------------------------------------------------- ---------------------------------
Additional information:
Regarding section 8 above:
The notified holdings have to be indicated as either "direct
holdings" or "indirect holdings".
Allianz Global Investors GmbH is a German investment management
company. Its core business is the establishment and portfolio
management of investment funds domiciled in Germany and Luxembourg,
but also e.g. in Italy and France. Allianz Global Investors GmbH is
entitled to execute the voting rights by proxy (since the
foundation of the funds). Additionally, Allianz Global Investors
GmbH is mandated in several cases to manage individual asset
portfolios for clients on a contractual basis; under such contracts
Allianz Global Investors GmbH is entitled to execute the voting
rights of shares held in such asset portfolios.
For the purpose of section 8 of this TR-1 Form we have
considered holdings in investment funds which do not have a legal
personality, but are mere pools of assets, for which Allianz Global
Investors GmbH acts in its own name, but for the account of the
fund, as direct holdings. The units of such investment funds are
jointly owned by their investors, but the funds are legally
represented by Allianz Global Investors GmbH as the funds'
investment manager.
Holdings in funds managed by Allianz Global Investors GmbH which
are legal persons of their own (e.g. Luxembourgish SICAV) as well
as holdings in above-mentioned portfolio mandates (including fund
mandates, under which Allianz Global Investors GmbH is the
portfolio manager of funds established by other investment
companies) we considered as indirect holdings with respect to the
fact that the proxy was granted on a contractual basis.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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