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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
Polypipe Group PLC |
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2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
S |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
¨ |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
¨ |
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An event changing the breakdown of voting rights |
¨ |
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Other (please specify): |
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¨ |
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3. Full name of person(s) subject to the |
BlackRock, Inc. |
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4. Full name of shareholder(s) (if different from 3.): |
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5. Date of the transaction and date on which the threshold is crossed or reached: |
5 January, 2017 |
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6. Date on which issuer notified: |
6 January, 2017 |
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7. Threshold(s) that is/are crossed or reached: |
Total holding for BlackRock, Inc. has gone above 5% |
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8. Notified details: |
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A: Voting rights attached to shares |
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Class/type of shares
if possible using the ISIN CODE |
Situation previous to the triggering transaction |
Resulting situation after the triggering transaction |
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Number of Shares |
Number of Voting Rights |
Number of shares |
Number of voting rights |
% of voting rights |
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Direct |
Direct |
Indirect |
Direct |
Indirect |
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GB00BKRC5K31 |
Below 5% |
Below 5% |
N/A |
N/A |
8,414,700 |
N/A |
4.24% |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial instrument |
Expiration date |
Exercise/ Conversion Period |
Number of voting rights that may be acquired if the instrument is exercised/ converted. |
% of voting rights |
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Securities Lending |
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420,486 |
0.21% |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial instrument |
Exercise price |
Expiration date |
Exercise/ Conversion period |
Number of voting rights instrument refers to
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% of voting rights
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CFD |
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1,196,111 |
Nominal |
Delta |
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0.60% |
0.60% |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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10,031,297 |
5.05% |
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9. Chain of controlled undertakings through which the voting rights and/or the |
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See Annex 1 |
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Proxy Voting: |
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10. Name of the proxy holder: |
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11. Number of voting rights proxy holder will cease to hold: |
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12. Date on which proxy holder will cease to hold voting rights: |
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13. Additional information: |
BlackRock Regulatory Threshold Reporting Team |
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14. Contact name: |
Marc-Oliver Lesch |
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15. Contact telephone number: |
020 7743 3650 |
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