Shanks Group PLC Holding(s) in Company (7618R)
December 13 2016 - 10:59AM
UK Regulatory
TIDMSKS
RNS Number : 7618R
Shanks Group PLC
13 December 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
-------------------------------------------------------------------------------------------------------
1. Identity of the issuer or SHANKS GROUP PLC
the underlying issuer
of existing shares to which
voting rights are
attached:
--------------------------------------------------------------- --------------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
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An acquisition or disposal of voting rights
------------------------------------------------------------------ -----------------------------------
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
- see box 9
------------------------------------------------------------------ -----------------------------------
Other (please
specify):
----------------------------------------------------------- ----- -----------------------------------
3. Full name of person(s) STERLING STRATEGIC VALUE LIMITED
subject to the (TO BE RENAMED STERLING STRATEGIC
notification obligation: VALUE FUND S.A. WITH EFFECT
FROM 1 JANUARY 2017)
------------------------------------------------------------- ----------------------------------------
4. Full name of shareholder(s)
(if different from 3.):
------------------------------------------------------------- ----------------------------------------
5. Date of the transaction December 12, 2016
and date on
which the threshold is
crossed or
reached:
------------------------------------------------------------- ----------------------------------------
6. Date on which issuer December 13, 2016
notified:
------------------------------------------------------------- ----------------------------------------
7. Threshold(s) that is/are Voting rights of Sterling
crossed or Strategic Value Limited unchanged
reached: - above 4%
------------------------------------------------------------- ----------------------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
----------------------------------------------------------------------------------------------------------------------
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
Shares Voting rights
Rights
------------- --------------- --------------- ------------- --------------------------- -------------------------
Direct Direct Indirect Direct Indirect
------------- ----------- ----------- ------------- ------------- ------------ ------------ -----------
Ordinary
shares 25,925,000 25,925,000 25,925,000 25,925,000 4.2530%
--------------- --------------- ------------- ------------- ------------ ------------ -----------
GB0007995243
------------- ----------- ----------- ----------- ----------- ------------ -------- ---------
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 Period may be
acquired if
the
instrument
is
exercised/
converted.
----------------- ------------- ------------------------------ ----------------------------- ---------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights
instrument period refers to
--------------- ------------- ------------- --------------- ----------------------------- -----------------------
Nominal Delta
--------------- ------------- ------------- --------------- ----------------------------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------- -------------------------------------------------------------------
25,925,000 4.2530%
------------------------------------------------- -------------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
-----------------------------------------------------------------------------------------------------
Until 12 December 2016, Gritlot Limited controlled the
majority of voting rights of Sterling Strategic Value
Limited.
Dr. Tito Tettamanti controls 100% of the voting rights
of Gritlot Limited.
With effect from 12 December 2016 Gritlot Limited ceased
to be a controlling shareholder of Sterling Strategic
Value Limited. Therefore, with effect from 12 December
2016, neither Dr. Tito Tettamanti nor Gritlot Limited
has a notifiable indirect interest in Shanks Group Plc.
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: This disclosure has been
calculated based on issued
share capital amount of 609,569,991
------------------------------------------------------------ ---------------------------------------
14. Contact name: Fabien Tardito
------------------------------------------------------------ ---------------------------------------
15. Contact telephone number: +377.93.10.61.40
------------------------------------------------------------ ---------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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