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Notification of holdings - Correction

1st Oct 2025 15:10

RNS Number : 6857B
Metlen Energy & Metals PLC
01 October 2025
 

GENERAL TEXT AMENDMENT

The following amendments have been made to the 'TR-1 Notification of Major Holdings' announcement released on 08/08/2025 at 11:57 under RNS No 6376U.

1. The 'Details of the shareholder' in Box 4 has been replaced with the following:

Name

City of registered office

Country of registered office

HWIC Value Opportunities Fund

Dublin

Ireland

Northbridge General Insurance Corporation

Toronto

Canada

Zenith Insurance Company (US)

California

USA

Eurolife FFH General Insurance Single Member S.A.

Athens

Greece

Eurolife FFH Life Insurance Single Member S.A.

Athens

Greece

Odyssey Reinsurance (Barbados) Ltd.

Saint Michael

Barbados

Odyssey Reinsurance Company

Connecticut

USA

Newline Europe Versicherung AG

Köln

Germany

Trustees of Newline Syndicate 1218

London

United Kingdom

Hudson Excess Insurance Company

Delaware

USA

Hudson Insurance Company

Delaware

USA

United States Fire Insurance Company

Delaware

USA

The North River Insurance Company

New Jersey

USA

Brit Reinsurance (Bermuda) Limited

Hamilton

Bermuda

Newline Insurance Company Limited

London

United Kingdom

 

2. The 'Voting rights attached to shares' in Box 8A has been replaced with the following information:

 

Class/Type of shares ISIN code(if possible)

Number of direct voting rights (DTR5.1)

Number of indirect voting rights (DTR5.2.1)

% of direct voting rights (DTR5.1)

% of indirect voting rights (DTR5.2.1)

GB00BTQGS779

0

11938047

0.000000

9.252560

Sub Total 8.A

11938047

9.252560%

All other details remain unchanged.

The full amended announcement is shown below.

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BTQGS779

Issuer Name

METLEN ENERGY & METALS PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Hamblin Watsa Investment Counsel Ltd.

City of registered office (if applicable)

Toronto

Country of registered office (if applicable)

Canada

4. Details of the shareholder

Name

City of registered office

Country of registered office

HWIC Value Opportunities Fund

Dublin

Ireland

Northbridge General Insurance Corporation

Toronto

Canada

Zenith Insurance Company (US)

California

USA

Eurolife FFH General Insurance Single Member S.A.

Athens

Greece

Eurolife FFH Life Insurance Single Member S.A.

Athens

Greece

Odyssey Reinsurance (Barbados) Ltd.

Saint Michael

Barbados

Odyssey Reinsurance Company

Connecticut

USA

Newline Europe Versicherung AG

Köln

Germany

Trustees of Newline Syndicate 1218

London

United Kingdom

Hudson Excess Insurance Company

Delaware

USA

Hudson Insurance Company

Delaware

USA

United States Fire Insurance Company

Delaware

USA

The North River Insurance Company

New Jersey

USA

Brit Reinsurance (Bermuda) Limited

Hamilton

Bermuda

Newline Insurance Company Limited

London

United Kingdom

5. Date on which the threshold was crossed or reached

01-Aug-2025

6. Date on which Issuer notified

04-Aug-2025

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8.A)

% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights held in issuer

Resulting situation on the date on which threshold was crossed or reached

9.252560

0.000000

9.252560

11938047

Position of previous notification (if applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)

Number of direct voting rights (DTR5.1)

Number of indirect voting rights (DTR5.2.1)

% of direct voting rights (DTR5.1)

% of indirect voting rights (DTR5.2.1)

GB00BTQGS779

0

11938047

0.000000

9.252560

Sub Total 8.A

11938047

9.252560%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

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

 

Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument

Expiration date

Exercise/conversion period

Physical or cash settlement

Number of voting rights

% of voting rights

 

Sub Total 8.B2

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person

Name of controlled undertaking

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Fairfax Financial Holdings Limited

Hamblin Watsa Investment Counsel Ltd.

9.252560

0.000000

9.252560%

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

Hamblin Watsa Investment Counsel Ltd. (a wholly owned subsidiary of Fairfax Financial Holdings Limited) acts as the investment manager for each of the subsidiaries listed at section 4 above (the ''Shareholders'') and certain other subsidiaries of Fairfax Financial Holdings Limited. Pursuant to certain investment management agreements with the Shareholders, Hamblin Watsa Investment Counsel Ltd. has control and discretion over the voting rights attaching to the shares of Metlen Energy & Metals Plc owned by the Shareholders. The Shareholders are direct or indirect subsidiaries of Fairfax Financial Holdings Limited.

12. Date of Completion

26-Sep-2025

13. Place Of Completion

United Kingdom

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END
 
 
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