28th Sep 2015 16:10
28 September 2015
Findel plc (the "Company")
Holding(s) in Company
The Company has received notification from Schroders plc of a reduction in its major interest in the shares of the Company. Copies of the details notified are attached to this announcement.
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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 | ü | |||
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 | Schroders 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 | 25.09.15 | |||
6. Date on which issuer notified: | 28.09.15 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | Below 25%, 24%, 23%, 22%, 21%, 20%, 19%, 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 xi | Indirect xii | Direct | Indirect | |||||||||||||
Ordinary | 25,048,004 | 21,905,639 | 17,286,407 | N/A | 15,118,175 | N/A | 17.489% | |||||||||
GB00B8B4R053 | ||||||||||||||||
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 | ||||||||||||
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 date 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 | |||||||||||||||
15,118,175 | 17.489% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
Schroder Investment Management Limited 14,993,450 17.345%
Schroder Investment Management North America Limited 124,725 0.144%
| ||
Proxy Voting: | ||
10. Name of the proxy holder: | ||
11. Number of voting rights proxy holder will ceaseto hold: | ||
12. Date on which proxy holder will cease to holdvoting rights: | ||
13. Additional information: | The shares referred to in section 9 are held in portfolios managed by those firms on a discretionary basis for clients under investment management agreements. This disclosure has been calculated based on issue share capital amount 86,442,534. | |
14. Contact name: | Chloe Talbot | |
15. Contact telephone number: | +44 207 658 6000 | |
Related Shares:
SchrodersSTU.L