Holding(s) in Company

RNS Number : 8673F

Mercantile Investment Trust(The)PLC

22 May 2017

 

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				The Mercantile Investment Trust Plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
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					YES
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		Chase Nominees Limited
4. Full name of shareholder(s)  (if different from 3.):iv		Chase Nominees Limited
5. Date of the transaction and date on which the threshold is crossed or reached: v		19th May 2017
6. Date on which issuer notified:		19th May 2017
7. Threshold(s) that is/are crossed or reached: vi, vii		3%

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

Ordinary shares GB0000342218

5,249,343

0

5,249,343

4,325,197

5.11%

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

4,325,197

5.11%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Chase Nominees Limited announces that J.P. Morgan Trustee & Administration Services Limited has a notifiable interest in 4,325,197 Ordinary shares. These shares are held on behalf of participants in the JPMorgan investment trust savings products. J.P. Morgan Trustee & Administration Services Limited has a notifiable interest in these shares because, in certain circumstances and subject to certain limitations agreed with the Takeover Panel to ensure compliance with the Takeover Code, JPMorgan is entitled to exercise the voting rights attached to the Ordinary shares if the relevant plan participants do not do so. JPMorgan is now entitled to exercise the voting rights attached to these Ordinary shares, as these shares have not been voted by the participants in the JPMorgan investment trust savings products in respect of the Company's 2017 Annual General Meeting to be held on Wednesday 24th May 2017. This entitlement will cease following the conclusion of the Company's 2017 Annual General Meeting.
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:	N/A
14. Contact name:	Jonathan Latter
15. Contact telephone number:	020 7742 4000

 

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