Private & Commercial Fin Group Plc Holding(s) in Company (7062C)
April 19 2017 - 3:29AM
UK Regulatory
TIDMPCF TIDMTTM
RNS Number : 7062C
Private & Commercial Fin Group Plc
19 April 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or Private & Commercial Finance
the underlying issuer Group Plc
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 X
---------------------------------------------------------------- --------------------------------
Other (please
specify):
--------------------------------------------------------- ----- --------------------------------
3. Full name of person(s) Somers Limited
subject to the
notification obligation:
(iii)
----------------------------------------------------------- -------------------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv)
----------------------------------------------------------- -------------------------------------
5. Date of the transaction 07 April 2017
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- -------------------------------------
6. Date on which issuer 18 April 2017
notified:
----------------------------------------------------------- -------------------------------------
7. Threshold(s) that is/are Percentage movement from 67.93%
crossed or to 65.37%
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 shares voting rights (x)
Shares Voting rights
Rights
------------- ---------------- ---------------- -------------- ---------------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ------------ ------------ -------------- -------------- ------------ ------------ -----------
GB0004189378 115,559,047 115,559,047 138,659,047 138,659,047 65.37%
------------- ---------------- ---------------- -------------- -------------- ------------ ------------ -----------
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
--------------------------------------------------- ---------------------------------------------------------------------
138,659,047 65.37%
--------------------------------------------------- ---------------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
------------------------------------------------------------------------------------------
Somers Limited 23,100,000 10.89%
Bermuda Commercial Bank Limited* 115,559,047 54.48%
* A wholly owned subsidiary of Somers Limited
Proxy Voting:
------------------------------------------------------------------------------------------
10. Name of the proxy holder:
------------------------------------------------------------------------ ----------------
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: Alasdair Younie
------------------------------------------------------------------------ ----------------
15. Contact telephone number: +1 441 299 2897
------------------------------------------------------------------------ ----------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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