Holding(s) in Company

Keystone Positive Change I.T. PLC

14 December 2023

 

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 attachedii:			Keystone Positive Change Investment Trust Plc ISIN: GB00BK69BB68 Legal Entity Identifier: 5493002H3JXLXLIGC563 Ticker: KPC
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						X
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			Saba Capital Management, 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			Saba Capital Arcadia Master Fund, Ltd.
City and country of registered office (if applicable)			Cayman Islands
Name			Saba Capital Bluebird Fund, Ltd
City and country of registered office (if applicable)			Cayman Islands
Name			Saba Capital Income & Opportunities Fund
City and country of registered office (if applicable)			United States
Name			Saba Capital CEF Special Opportunities Master Fund 2, Ltd
City and country of registered office (if applicable)			Cayman Islands
Name			Saba Capital R Fund, Ltd
City and country of registered office (if applicable)			Cayman Islands
Name			Saba Capital Master Fund, Ltd
City and country of registered office (if applicable)			United States
5. Date on which the threshold was crossed or reachedvi:			13th December 2023
6. Date on which issuer notified (DD/MM/YYYY):			14th December 2023
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 issuervii
Resulting situation on the date on which threshold was crossed or reached	1.0611%	9.975%		11.0361%	6,791,208
Position of previous notification (if applicable)	1.0563	8.946		10.0023

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% 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)
GB00BK96BB68		653,000					1.06%
SUBTOTAL 8. A		653,000					1.06%
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 datex	Exercise/ Conversion Periodxi			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 datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
Swap	17/08/2024				Cash			6,138,208	9.975%
					SUBTOTAL 8.B.2			6,138,208	9.975%

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) issuerxiii
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 entityxiv (please add additional rows as necessary)				X
Namexv	% 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
Boaz Weinstein	Saba Capital Management GP, LLC
Saba Capital Management GP, LLC	Saba Capital Management, LP		11.0361%
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 informationxvi

Place of completion	New York, United States
Date of completion	14th December 2023

 

END