Holding(s) in Company

RNS Number : 7606J

Chesnara PLC

15 April 2020

 

CHESNARA plc

("Chesnara" or "the Company")

LEI Number: 213800VFRMBRTSZ3SJ06

15 April 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 ii :	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 iv
Name	Ameriprise Financial, Inc. and its group
City and country of registered office (if applicable)	Minneapolis, USA
4. Full name of shareholder(s) (if different from 3.) v
Name	Vidacos Nominees Ltd
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached vi :	09/04/2020
6. Date on which issuer notified (DD/MM/YYYY):	15/04/2020

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	12.651%	0.000%	12.651%	150,061,567
Position of previous notification (if applicable)	13.029%	0.000%	13.029%

	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			0		18,985,028				0.000%			12.651%
	SUBTOTAL 8. A			18,985,028						12.651%
	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
Ameriprise Financial, Inc.			%				%					%
Ameriprise International Holdings GmbH			%				%					%
Threadneedle Asset Management Holdings SARL			%				%					%
Threadneedle Holdings Limited			%				%					%
TAM UK Holdings Limited			%				%					%
Threadneedle Asset Management Holdings Limited			%				%					%
TC Financing Limited			%				%					%
Threadneedle Asset Management Limited			12.651%				%					12.651%

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
Threadneedle Asset Management Limited is wholly owned by TC Financing Limited, which is itself wholly owned by Threadneedle Asset Management Holdings Limited, which is itself wholly owned by TAM UK Holdings Limited, which is itself wholly owned by Threadneedle Holdings Limited, which is itself wholly owned by Threadneedle Asset Management Holdings SARL, which is itself wholly owned by Ameriprise International Holdings GmbH, which is itself wholly owned by Ameriprise Financial, Inc.

Place of completion	Swindon, UK
Date of completion	15/04/2020

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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