Holding(s) in Company

RNS Number : 6047O

Crest Nicholson Holdings PLC

23 September 2013

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				Crest Nicholson Holdings plc
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 effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		Värde Partners, Inc. (for itself and related general partners and investment managers)
4. Full name of shareholder(s)  (if different from 3.):iv		The Värde Fund V-B, L.P. The Värde Fund VI-A, L.P. The Värde Fund VII-B, L.P. The Värde Fund VIII, L.P. The Värde Fund IX, L.P. The Värde Fund IX-A, L.P. The Värde Fund X (Master), L.P. Värde Investment Partners (Offshore) Master, L.P. Värde Investment Partners, L.P.
5. Date of the transaction and date on which the threshold is crossed or reached: v		18 September 2013
6. Date on which issuer notified:		20 September 2013
7. Threshold(s) that is/are crossed or reached: vi, vii		Aggregate holding has reduced from 32% to 20.1%

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B8VZXT93

80,681,989

80,681,989

50,510,715

50,510,715

20.1%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

50,510,715

20.1%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Värde Partners Inc. is making this notification in its capacity as general partner of Värde Partners, L.P., which is the managing member of each of the following entities: ·      Värde Fund V GP, LLC, which is the general partner of The Värde Fund V-B, L.P. ·      Värde Investment Partners G.P., LLC, which is the general partner of The Värde Fund VI-A, L.P. ·      Värde Investment Partners G.P., LLC, which is the general partner of The Värde Fund VII-B, L.P. ·      Värde Fund VIII G.P., LLC, which is the general partner of The Värde Fund VIII, L.P. ·      Värde Fund IX G.P., LLC, which is the general partner of The Värde Fund IX, L.P. ·      Värde Fund IX G.P., LLC, which is the general partner of The Värde Fund IX-A, L.P. ·      The Värde Fund X GP, LLC which is the general partner of The Värde Fund X (GP), L.P. which is the general partner of The Värde Fund X (Master), L.P. ·      Värde Investment Partners G.P., LLC, which is the general partner of Värde Investment Partners, L.P. ·      Värde Investment Partners G.P., LLC, which is the general partner of Värde Investment Partners (Offshore) Master, L.P. (together the registered shareholders in the issuer)
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:
14. Contact name:	Brett Barbour
15. Contact telephone number:	001 952 374 6982

 

END

 

 

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