TIDMSIGB

RNS Number : 2244J

Sherborne Investors (Guernsey)B Ltd

18 December 2020

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       Sherborne Investors (Guernsey) B 
  underlying issuer of existing shares    Limited 
  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 
                                                                                ---- 
 2. Reason for the notification (please mark the appropriate box or 
  boxes with an "X") 
 An acquisition or disposal of voting rights                                      X 
                                                                                ---- 
 An acquisition or disposal of financial instruments 
                                                                                ---- 
 An event changing the breakdown of voting rights                                 X 
                                                                                ---- 
 Other (please specify)(iii) : 
                                                                                ---- 
 3. Details of person subject to the notification obligation (iv) 
 Name                                    (i) Edward Bramson 
                                          (ii) Stephen Welker 
                                          (iii) Sherborne Investors Management 
                                          GP, LLC 
                                          (iv) Sherborne Investors Management 
                                          LP 
 City and country of registered office   135 East 57th Street 
  (if applicable)                         Floor 32 
                                          New York, NY 10022 
                                          United States of America 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name                                    (i) Sherborne Strategic Fund D, 
                                          LLC, as a counterparty to the investment 
                                          management agreement with Sherborne 
                                          Investors Management LP 
                                          (ii) Beechenbrook Holdings LLC, 
                                          as an entity controlled by Mr. Welker 
                                        -------------------------------------------- 
 City and country of registered office   Sherborne Strategic Fund D, LLC 
  (if applicable)                         c/o Corporation Service Company 
                                          251 Little Falls Drive 
                                          Wilmington, DE 19808 
                                          United States of America 
 
                                          Beechenbrook Holdings LLC 
                                          c/o Legalinc Corporate Services, 
                                          Inc. 
                                          2035 Sunset Lake Rd. 
                                          Suite B-2 
                                          Newark, DE 19702 
                                          United States of America 
                                        -------------------------------------------- 
 
 
 
 5. Date on which the threshold was                            17 December 2020 
  crossed or reached (vi) : 
 6. Date on which issuer notified                              18 December 2020 
  (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)        of issuer (vii) 
                                of 8. A)           (total of 8.B 
                                                    1 + 8.B 2) 
                          ------------------  ---------------------  --------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                          19.18%                  0.00%          19.18%         314,547,259 
                          ------------------  ---------------------  --------------  ------------------ 
 Position of 
  previous notification 
  (if 
  applicable)                         19.07%                  0.00%          19.07% 
                          ------------------  ---------------------  --------------  ------------------ 
 
 
 
 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 
                    (Art 9 of Directive          (Art 10 of          (Art 9 of Directive     (Art 10 of 
                       2004/109/EC)        Directive 2004/109/EC)       2004/109/EC)         Directive 
                         (DTR5.1)                (DTR5.2.1)               (DTR5.1)          2004/109/EC) 
                                                                                             (DTR5.2.1) 
                                         ------------------------ 
 GG00B883XC99           15,706,951              44,609,276                         4.99%          14.18% 
                  ---------------------  ------------------------  ---------------------  -------------- 
 SUBTOTAL 8. A                       60,316,227                                    19.18% 
                  -----------------------------------------------  ------------------------------------- 
 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 
  2004/109/EC (DTR5.3.1.1 (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 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of financial   Expiration       Exercise/         Physical or        Number of        % of voting 
  instrument          date (x)         Conversion        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                               X 
  rights and/or the 
  financial instruments are effectively held starting with the 
  ultimate controlling natural person or legal entity (xiv) (please 
  add additional rows as necessary) 
       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         instruments if           higher than the 
                             the notifiable         it equals or is        notifiable threshold 
                               threshold            higher than the 
                                                 notifiable threshold 
                         --------------------  -----------------------  ------------------------ 
 Edward Bramson                           N/A                      N/A                    14.18% 
                         --------------------  -----------------------  ------------------------ 
 Stephen Welker                           N/A                      N/A                    19.18% 
                         --------------------  -----------------------  ------------------------ 
 Sherborne Investors 
  Management GP, 
  LLC                                     N/A                      N/A                    14.18% 
                         --------------------  -----------------------  ------------------------ 
 Sherborne Investors 
  Management LP                           N/A                      N/A                    14.18% 
                         --------------------  -----------------------  ------------------------ 
 Beechenbrook Holdings 
  LLC                                     N/A                      N/A                     4.99% 
                         --------------------  -----------------------  ------------------------ 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder                       N/A 
                                               ------------------------------------------------- 
 The number and % of voting rights              N/A 
  held 
                                               ------------------------------------------------- 
 The date until which the voting rights         N/A 
  will be held 
                                               ------------------------------------------------- 
 
 
 
 11. Additional information (xvi) 
 Sherborne Investors Management LP is an investment adviser registered 
  with the United States Securities and Exchange Commission under the 
  U.S. Investment Advisers Act 1940. 
 
 
 Place of completion   London 
 Date of completion    18 December 2020 
                      ----------------- 
 

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December 18, 2020 11:00 ET (16:00 GMT)