Shawbrook Group PLC TR-1: Notification of Major Interest in Shares (1488J)
June 26 2017 - 5:19AM
UK Regulatory
TIDMSHAW
RNS Number : 1488J
Shawbrook Group PLC
26 June 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or the underlying Shawbrook Group PLC
issuer
of existing shares to which voting rights
are
attached: (ii)
------------------------------------------------------------------ ----------------------------------------------
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 x
effect to qualifying financial instruments
---------------------------------------------------------------------- ------------------------------------------
An event changing the breakdown of voting rights
---------------------------------------------------------------------- ------------------------------------------
Other (please
specify):
----------------------------------------------------------------- --- ------------------------------------------
3. Full name of person(s) subject MVN Asset Management PLC
to the
notification obligation: (iii)
------------------------------------------------------------------ ----------------------------------------------
4. Full name of shareholder(s) MVN Event Driven Master Fund Limited
(if different from 3.):(iv) Maven Investment Partners Ltd
(clients of MVN Asset Management Limited
- discretionary management )
------------------------------------------------------------------ ----------------------------------------------
5. Date of the transaction and date 22/06/2017
on
which the threshold is crossed
or
reached: (v)
------------------------------------------------------------------ ----------------------------------------------
6. Date on which issuer notified: 26/06/2017
------------------------------------------------------------------ ----------------------------------------------
7. Threshold(s) that is/are crossed
or
reached: (vi, vii) 3%
------------------------------------------------------------------ ----------------------------------------------
8. Notified details:
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A: Voting rights attached to shares (viii, ix)
----------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- -------------------------------- ---------------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of shares rights (x)
Shares Voting
Rights
------------- ---------------- -------------- ---------------- ---------------------- ---------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ------------ ------------ ---------------- --------- ----------- ------------ -------------
GB00BWDPMF43 0 0 3,812,746 3,812,746 1.52%
---------------- -------------- ---------------- --------- ----------- ------------ -------------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date (xiii) Conversion Period rights that may rights
instrument (xiv) be
acquired if the
instrument is
exercised/ converted.
----------------- -------------- -------------------------------- ------------------------ -----------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments (xv, xvi)
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting rights
financial price date (xvii) Conversion rights instrument (xix, xx)
instrument period refers to
(xviii)
--------------- -------------- ---------------- -------------- ------------------------ -------------------------
Swap n/a 29/03/2018 Nominal Delta
--------------- -------------- ---------------- -------------- ------------ -----------
3,880,267 1.55% 1.00
------------- ------------ ------------ ------------ ------------------------ ------------ -----------
Swap n/a 21/04/2027 Nominal Delta
--------------- -------------- ---------------- -------------- ------------ -----------
123,117 0.05% 1.00
------------- ------------ ------------ ------------ ------------------------ ------------ -----------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------------- -----------------------------------------------------------------
7,816,130 3.12
--------------------------------------------------- -----------------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
---------------------------------------------------------------------------------
The beneficial owners of the shares/ financial Instruments with similar
economic effect to Qualifying Financial Instruments are Maven Investment
Partners Ltd and MVN Event Driven Master Fund Limited respectively, which
are both managed under a discretionary management agreement by MVN Asset
Management Limited. The shares/ financial Instruments with similar economic
effect to Qualifying Financial Instruments are held by the prime broker
of MVN Event Driven Master Fund Limited, Merrill Lynch International
and by the prime broker of Maven Investment Partners Ltd, ABN Amro Clearing
NV. As a result, we have classified the voting rights in section 8A above
as 'indirect'.
Proxy Voting:
---------------------------------------------------------------------------------
10. Name of the proxy holder: ABN Amro Clearing NV
Merrill Lynch International
------------------------------------------------- ------------------------------
11. Number of voting rights proxy holder will N/A
cease
to hold:
------------------------------------------------- ------------------------------
12. Date on which proxy holder will cease to N/A
hold
voting rights:
------------------------------------------------- ------------------------------
13. Additional information:
------------------------------------------------- ------------------------------
14. Contact name: Raphael Kain
Peter Teng
------------------------------------------------- ------------------------------
+44 20 3005 3780
15. Contact telephone number: +44 20 3876 8718
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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