Holding(s) in Company

RNS Number : 7618R

Shanks Group PLC

13 December 2016

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:			SHANKS GROUP 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 - see box 9				√
Other (please specify):
3. Full name of person(s) subject to the notification obligation:		STERLING STRATEGIC VALUE LIMITED (TO BE RENAMED STERLING STRATEGIC VALUE FUND S.A. WITH EFFECT FROM 1 JANUARY 2017)
4. Full name of shareholder(s)  (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:		December 12, 2016
6. Date on which issuer notified:		December 13, 2016
7. Threshold(s) that is/are crossed or reached:		Voting rights of Sterling Strategic Value Limited unchanged - above 4%

8. Notified details:

A: Voting rights attached to shares

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

Direct

Direct

Indirect

Direct

Indirect

Ordinary shares

25,925,000

25,925,000

25,925,000

25,925,000

4.2530%

GB0007995243

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

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

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

25,925,000

4.2530%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Until 12 December 2016, Gritlot Limited controlled the majority of voting rights of Sterling Strategic Value Limited. Dr. Tito Tettamanti controls 100% of the voting rights of Gritlot Limited. With effect from 12 December 2016 Gritlot Limited ceased to be a controlling shareholder of Sterling Strategic Value Limited. Therefore, with effect from 12 December 2016, neither Dr. Tito Tettamanti nor Gritlot Limited has a notifiable indirect interest in Shanks Group Plc.
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:	This disclosure has been calculated based on issued share capital amount of 609,569,991
14. Contact name:	Fabien Tardito
15. Contact telephone number:	+377.93.10.61.40

 

END

 

 

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