29th Sep 2015 07:01
29 September 2015
Findel plc (the "Company")
Holding(s) in Company
The Company has received notification from Sports Direct International PLC of its acquisition of a major interest in the shares of the Company. Copies of the details notified are attached to this announcement.
Findel also takes this opportunity to announce that since completing the strategic review of its sports retailing business, Kitbag, the Company has subsequently received an approach for the business from a third party and has agreed terms subject to contract. However, there can be no certainty that a deal will be reached.
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Enquiries
Findel plc Tim Kowalski, Finance Director0161 303 3465
Tulchan Communications LLPStephen Malthouse / Will Smith020 7353 4200
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | Findel plc | ||||
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) subject to thenotification obligation: iii | Sports Direct International plc | ||||
4. Full name of shareholder(s) (if different from 3.):iv | |||||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 25 September 2015 | ||||
6. Date on which issuer notified: | 28 September 2015 | ||||
7. Threshold(s) that is/are crossed orreached: vi, vii | 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17 & 18% | ||||
8. Notified details: | |||||||||||||||
A: Voting rights attached to shares viii, ix | |||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | |||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | |||||||||||
Ordinary
GB00B8B4R053 | 0 | 0 | 16,361,597 | 16,361,597 | n/a | 18.93% | n/a | ||||||||
B: Qualifying Financial Instruments | |||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/converted. | % of votingrights | |||||||||||
N/A | |||||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | |||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||
Type of financialinstrument | Exercise price | Expiration dates xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
| ||||||||||
Nominal | Delta | ||||||||||||||
Total (A+B+C) | |||||||||||||||
Number of voting rights | Percentage of voting rights | ||||||||||||||
16,361,597 | 18.93% | ||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
N/A
| ||
Proxy Voting: | ||
10. Name of the proxy holder: | N/A | |
11. Number of voting rights proxy holder will ceaseto hold: | N/A | |
12. Date on which proxy holder will cease to holdvoting rights: | N/A | |
13. Additional information: |
Sports Direct International plc | |
14. Contact name: | Cameron Olsen | |
15. Contact telephone number: | 0845 1299 200 | |
Related Shares:
Frasers GroupSTU.L