TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
|
|
|
|||
1. Identity of the issuer or the underlying issuer |
Driver Group plc |
|||
2 Reason for the notification (please tick the appropriate box or boxes): |
||||
An acquisition or disposal of voting rights |
Yes |
|||
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 |
Ruffer LLP (for its discretionary clients of the Ruffer Group) |
|||
4. Full name of shareholder(s) |
|
|||
5. Date of the transaction and date on |
10 March 2017 |
|||
6. Date on which issuer notified: |
13 March 2017 |
|||
7. Threshold(s) that is/are crossed or |
Above 5% |
|||
8. Notified details: |
||||||||||||||||
A: Voting rights attached to shares |
||||||||||||||||
Class/type of
|
Situation previous |
Resulting situation after the triggering transaction |
||||||||||||||
Number |
Number |
Number |
Number of voting |
% of voting rights |
||||||||||||
Direct |
Direct |
Indirect |
Direct |
Indirect |
||||||||||||
GB00B0L9C092 |
-
|
-
|
3,250,000
|
3,250,000
|
- |
6.09% |
- |
|||||||||
|
||||||||||||||||
|
||||||||||||||||
B: Qualifying Financial Instruments |
||||||||||||||||
Resulting situation after the triggering transaction |
||||||||||||||||
Type of financial |
Expiration |
Exercise/ |
Number of voting |
% of voting |
||||||||||||
|
|
|
|
|
||||||||||||
|
||||||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments |
||||||||||||||||
Resulting situation after the triggering transaction |
||||||||||||||||
Type of financial |
Exercise price |
Expiration date |
Exercise/ |
Number of voting rights instrument refers to
|
% of voting rights
|
|||||||||||
|
|
|
|
|
Nominal |
Delta |
||||||||||
|
|
|||||||||||||||
|
||||||||||||||||
Total (A+B+C) |
||||||||||||||||
Number of voting rights |
Percentage of voting rights |
|||||||||||||||
3,250,000 |
6.09% |
|||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or the |
||
N/A |
||
|
||
Proxy Voting: |
||
10. Name of the proxy holder: |
N/A |
|
11. Number of voting rights proxy holder will cease |
|
|
12. Date on which proxy holder will cease to hold |
|
|
|
||
|
Ruffer LLP now controls the voting rights over 3,250,000 shares (6.09% of the voting rights) of Driver Group plc which are held by the discretionary clients of Ruffer LLP and its subsidiaries (the voting of which is all controlled by Ruffer LLP). This change from 0% to 6.09% is due to the admission of a placing of which Ruffer LLP purchased 3,250,000 of these shares. The shares were admitted to the market on 10 March 2017. |
|
14. Contact name: |
Louise Stanway |
|
15. Contact telephone number: |
020 7963 8146 |
|