Holding(s) in Company

RNS Number : 3029G

Polypipe Group PLC

24 November 2020

 

TR-1: S tandard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii :			Polypipe Group 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			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 :			20/11/2020
6. Date on which issuer notified (DD/MM/YYYY):			23/11/2020
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	12.49	0.00		12.49	228,465,197
Position of previous notification (if applicable)	12.10	0.00		12.10

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)
GB00BKRC5K31		N/A		28,533,272			N/A		12.49
SUBTOTAL 8. A		28,533,272					12.49
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
Ignis Asset Management Limited
Ignis Investment Services Limited	5.43	0.00	5.43
Standard Life Aberdeen plc
Standard Life Investments (Holdings) Limited
Standard Life Investments Limited
Standard Life Aberdeen plc
Aberdeen Asset Management PLC
Aberdeen Asset Managers Limited
Standard Life Aberdeen plc
Aberdeen Asset Management PLC
Aberdeen Asset Investment Group Limited
Aberdeen Asset Investments Limited
Standard Life Aberdeen plc
Aberdeen Asset Management PLC
Aberdeen Standard Investments Inc.

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 where-by the client has delegated the exercise of the voting power to the referenced investment manager. This disclosure reflects the fact that the voting rights effectively held indirectly by the underlying intermediate holding company Ignis Asset Management Limited ("IAML") and held by the underlying investment management entity Ignis Investment Services Limited ("IISL") increased above the 5% notifiable threshold. In addition, the voting rights held by Standard Life Investments Limited decreased below the 5% notifiable threshold. IAML now effectively holds and IISL now holds 5.43% of the delegated voting rights in Polypipe Group plc. This crossing is due to an internal redistribution of voting rights due to a scheduled client restructuring.

Place of completion	Edinburgh, United Kingdom
Date of completion	23/11/2020

 

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