Holding(s) in Company

RNS Number : 5639L

Chesnara PLC

01 May 2020

 

CHESNARA plc

("Chesnara" or "the Company")

LEI Number: 213800VFRMBRTSZ3SJ06

01 May 2020

NOTIFICATION OF MAJOR HOLDINGS

TR-1: S tandard Form for Notification of Major Holdings

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:			Chesnara plc
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligation
Name			Aggregate of Standard Life Aberdeen plc affiliated investment management entities with delegated voting rights on behalf of multiple managed portfolios
City and country of registered office (if applicable)			Edinburgh, Scotland
4. Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached vi :			29/04/2020
6. Date on which issuer notified (DD/MM/YYYY):			30/04/2020
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 of issuer vii
Resulting situation on the date on which threshold was crossed or reached	16.12	0.00		16.12	150,061,567
Position of previous notification (if applicable)	15.14	0.00		15.14

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights ix					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00B00FPT80		N/A		24,188,167			N/A		16.12
SUBTOTAL 8. A		24,188,167					16.12
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration date x	Exercise/ Conversion Period xi			Number of voting rights that may be acquired if the instrument is Exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date x		Exercise/ Conversion Period xi		Physical or cash settlement xii			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
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 entity xiv (please add additional rows as necessary)				X
Name xv	% 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
Standard Life Aberdeen plc
Standard Life Investments (Holdings) Limited
Standard Life Investments Limited	10.06	0.00	10.06
Standard Life Aberdeen plc
Aberdeen Asset Management PLC
Aberdeen Asset Managers Limited	5.36	0.00	5.36
Standard Life Aberdeen plc
Aberdeen Asset Management PLC
Aberdeen Asset Investment Group Limited
Aberdeen Asset Investments Limited

10. In case of proxy voting, please identify:
Name of the proxy holder	N/A
The number and % of voting rights held	N/A
The date until which the voting rights will be held	N/A
11. Additional information xvi
In reference to section 9, the shares detailed are managed by the named discretionary investment management entity within multiple portfolios on behalf of underlying clients, based on investment management agreements whereby the client has delegated the exercise of the voting power to the referenced investment manager. This disclosure is also to reflect the fact that the voting rights effectively held indirectly by the underlying intermediate holding company Standard Life Investments (Holdings) Limited ("SLIHL") and held by the underlying investment management entity Standard Life Investments Limited ("SLIL") increased above the 10% notifiable threshold due to trading on 29 April 2020. SLIHL now effectively holds the delegated voting rights to 10.06% of the shares in Chesnara plc.  Prior to this crossing SLIHL effectively held 9.90%.  SLIL now holds the delegated voting rights to 10.06%. Prior to this crossing SLIL held 9.90%.

Place of completion	Edinburgh, United Kingdom
Date of completion	30/04/2020

The above notification is made in accordance with the requirements of the EU Market Abuse Regulation.

For further information, please contact:

Roddy Watt

Director, Capital Markets

FWD

Forward thinking communications

T  -  020 7280 0651 

E  -  [e-mail]  

Notes to Editors

Chesnara is a life and pensions company listed on the London Stock Exchange. It administers over one million policies with those assets spread broadly equally across businesses in the UK, the Netherlands and Sweden. Chesnara operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

Following a three pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 15 years in succession.

Further details are available on the Company's website ( www.chesnara.co.uk ).

 

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