Holding(s) in Company

Victoria PLC

02 October 2024

 

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:			Victoria 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			Spruce House Investment Management LLC
City and country of registered office (if applicable)			Wilmington, United States of America
4. Full name of shareholder(s) (if different from 3.) v
Name			The Spruce House Partnership LLC
City and country of registered office (if applicable)			Wilmington, United States of America
5. Date on which the threshold was crossed or reached vi:			30/9/2024
6. Date on which issuer notified (DD/MM/YYYY):			2/10/2024
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 held in issuer (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached	17.965626%			17.965626%	20,466,975
Position of previous notification (if applicable)	18.853555%			18.853555%

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 (DTR5.1)		Indirect  (DTR5.2.1)			Direct (DTR5.1)		Indirect (DTR5.2.1)
Ordinary Shares GB00BZCOLC10		20,466,975					17.965626%
SUBTOTAL 8. A		20,466,975					17.965626%
B 1: Financial Instruments according to DTR5.3.1R (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 DTR5.3.1R (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 (please add additional rows as necessary) xiv				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
Ben Stein and Zach Sternberg as joint controllers of Spruce House Capital LLC
Spruce House Capital LLC as general partner of The Spruce House Partnership (AI) LP and The Spruce House Partnership (QP) LP
The Spruce House Partnership (AI) LP and The Spruce House Partnership (QP) LP as members of The Spruce House Partnership LLC
The Spruce House Partnership LLC	17.965626%		17.965626%
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information xvi
Based on 20,466,975 shares owned out of 113,922,973 shares outstanding on 26 July 2024. The Spruce House Partnership LLC is an aggregating entity to its sole member funds: The Spruce House Partnership (AI) LP and The Spruce House Partnership (QP) LP - the general partner of both funds is Spruce House Capital LLC (itself controlled equally by Ben Stein and Zach Sternberg).

Place of completion	New York, United States of America
Date of completion	2/10/2024

 

END