Holding(s) in Company

RNS Number : 8799F

Permanent TSB Group Holdings PLC

09 November 2022

 

Standard Form TR-1

S tandard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland) i
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii : Permanent TSB Group Holdings p.l.c
2. Reason for the notification (please tick the appropriate box or boxes): [ ] An acquisition or disposal of voting rights [ ] An acquisition or disposal of financial instruments [x] An event changing the breakdown of voting rights [ ] Other (please specify)iii:
3. Details of person subject to the notification obligation iv :
Name: The Minister for Finance of Ireland		City and country of registered office (if applicable): Minister for Finance of Ireland,  Government Buildings, Upper Merrion Street, D02 R583
4. Full name of shareholder(s) (if different from 3.)v: N/A
5. Date on which the threshold was crossed or reached vi : 07 November 2022
6. Date on which issuer notified: 09 November 2022
7. Threshold(s) that is/are crossed or reached: The Minister's percentage of voting rights has decreased from 74.92% to 62.44% following an allotment by Permanent TSB Group Holdings plc of 90,893,627 shares to RBS AA Holdings (UK) Limited.
8. Total positions of person(s) subject to the notification obligation:
	% of voting rights attached to shares (total of 9.A)	% of voting rights through financial instruments (total of 9.B.1 + 9.B.2)	Total of both in % (9.A + 9.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	62.44%	Nil	62.44%	545,589,119
Position of previous notification (if applicable)	74.92%	Nil	74.92%

9. 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			Indirect		Direct		Indirect
IE00BWB8X525 ( ordinary shares of €0.50 each)	340,661,653			Nil		62.44%		Nil
SUBTOTAL A	340,661,653					62.44%
B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations
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 B.1
B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations
Type of financial instrument	Expiration date x		Exercise/ Conversion Period xi		Physical or cash settlement xii		Number of voting rights		% of voting rights
					SUBTOTAL B.2

10. Information in relation to the person subject to the notification obligation (please tick the applicable box): [ ] 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 [ x ] 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 :
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
Minister For Finance of Ireland	62.44%	Nil	62.44%
11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date] N/A
12. Additional information xvi : The issuer issued 90,893,627 PTSBGH ordinary shares of €0.50 each to a nominee of NatWest so that they hold 16.66% of the enlarged share capital of PTSBGH as of Completion. The issued share capital of PTSBGH following the admission of the Subscription Shares will be 545,589,119 ordinary shares of €0.50 each. As a result the % shareholding of the Minister for Finance of Ireland has reduced.

Done at Dublin on 07 November 2022.

 

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