1st Jul 2016 14:36
GKN PLC - Holding(s) in CompanyGKN PLC - Holding(s) in Company
PR Newswire
London, July 1
TR-1: NOTIFICATION OF MA JOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
GKN plc
2. Reason for the notification: (please state Yes/No):
An acquisition or disposal of voting rights: Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: No
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: No
An event changing the breakdown of voting rights: No
Other (please specify): No
3. Full name of person(s) subject to the notification obligation:
Vulcan Value Partners, LLC, a Delaware limited liability company ("Vulcan")
C.T Fitzpatrick, an individual resident of Alabama, United States of America
4. Full name of shareholder(s) (if different from 3.):
Vulcan Value Partners, LLC is the investment advisor to (1) Vulcan Value Partners Fund, a US mutual fund, (2) Vulcan Global Value Fund, plc, an Irish domiciled UCITS fund, and (3) a number of separately-managed client accounts.
The custodian for the US mutual fund is BNY Mellon.
The custodian for the UCITS fund is Sumitomo Mitsui Trustees (Ireland) Limited.
Various custodians, numbering 42 in total, serve as custodian for the separately-managed accounts. See additional information for the full list.
5. Date of the transaction and date on which the threshold is crossed or reached:
28 June, 2016
6. Date on which issuer notified:
30 June, 2016
7. Threshold(s) that is/are crossed or reached:
5%8. Notified details:
A: Voting rights attached to shares
| Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | |||||
| Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights | |||
| Direct | Direct | Indirect | Direct | Indirect | |||
| Ordinary Shares GB0030646508 | 61,130,858 | 61,130,858 | N/A | N/A | 61,130,858 | N/A | 3.57% |
| Ordinary Shares GB0030646508 | 11,349,014 | 11,349,014 | N/A | N/A | 11,349,014 | N/A | 0.66% |
| American Depository Receipts US3617556069 | 16,658,196 | 16,658,196 | N/A | N/A | 16,658,196 | N/A | 0.97% |
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
| Type of financial instrument | Expiration date | Exercise/Conversion period | Number of voting rights that may be acquired if the instrument is exercised/ converted | % of voting rights |
| N/A |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
| Type of financial instrument | Exercise price | Expiration date | Exercise/Conversion period | Number of voting rights instrument refers to | % of voting rights | |
| Nominal | Delta | |||||
| N/A | ||||||
Total (A+B+C)
| Number of voting rights | % of voting rights |
| 61,130,858 | 5.2%, of which Vulcan exercises the voting rights over 3.57%. The voting rights of the remaining 1.63% of shares are not exercised by Vulcan, but the shares are held on behalf of their managed accounts. |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Vulcan Value Partners, LLC is controlled by C.T Fitzpatrick by virtue of C.T. Fitzpatrick holding a majority of voting and economic rights in it.
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:
The 42 custodians referred to in item 4 above are as follows:
Amalgamated Bank of Chicago
BANK OF AMERICA MERRILL LYNCH
Bank of Hawaii
Bank of Oklahoma
BB&T
BESSEMER TRUST
BMO HARRIS
BNY Wealth Management
BNYMellon
Citi Private Bank
Comerica Bank
Fidelity
Fiduciary Trust
Fifth Third Bank
First Hawaiian Bank
First Western
Harris Bank
JP Morgan
M&T Bank
MACATAWA BANK
Mellon Asset Servicing
Merrill Lynch
Morgan Stanley
National Financial Services LLC
NorthernTrust
Pershing
PNC Bank
RAYMOND JAMES
RBC Bank
Regions Trust
ROPES AND GRAY/SEI PRIVATE TRUST COMPANY
SALEM TRUST
Schwab
State Street
State Street Bank and Trust
SunTrust Bank
UMB BANK
US BANK
US Trust
Wells Fargo
Wilmington Trust
Goldman Sachs
14. Contact name: Katie Lewis
15. Contact telephone number: 01527 53 3383
Related Shares:
GKN PLC