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Watches of Switzlnd. (WOSG)

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Thursday 14 January, 2021

Watches of Switzlnd.

Holding(s) in Company

RNS Number : 7526L
Watches of Switzerland Group PLC
14 January 2021
 

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 :

Watches of Switzerland 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

Apollo Management VII, L.P., the investment manager of AIF VII Euro Holdings, L.P.

City and country of registered office (if applicable)

New York, United States

4. Full name of shareholder(s) (if different from 3.) v

Name

Jewel Holdco S.à r.l.

City and country of registered office (if applicable)

Luxembourg City, Luxembourg

5. Date on which the threshold was crossed or reached vi :

14 January 2021

6. Date on which issuer notified (DD/MM/YYYY):

14 January 2021

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

10.4%

N/A

10.4%

239,455,554

Position of previous notification (if

applicable)

N/A

N/A

N/A


 

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)

GB00BJDQQ870


24,967,834


10.4%











SUBTOTAL 8. A

24,967,834

10.4%

 

 

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

Apollo Management VII, L.P., the investment manager of AIF VII Euro Holdings, L.P.

10.4%



AIF VII Euro Holdings, L.P.

10.4%



Jewel HoldCo 2 S.à r.l.

10.4%



Jewel HoldCo S.à r.l.

10.4%












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

Placing of ordinary shares by way of an accelerated bookbuild to institutional investors, which priced on 12 January 2021 and which was settled on 14 January 2021.

 

 

 

Place of completion

 

 

36 North Row, London, W1K 6DH

 

Date of completion

 

 

14 January 2021

 

Paul Eardley

Company Secretary

Tel: + 44 (0) 20 7317 4600

 

Watches of Switzerland Group PLC






 

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