TIDMSSPG TIDMHSBA

RNS Number : 3725W

SSP Group PLC

17 August 2020

LEI: 213800QGNIWTXFMENJ24

TR-1: S tandard 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                                          SSP Group PLC 
  underlying issuer of existing shares 
  to which voting rights are attached 
  (ii) : 
                                                  ---------------------------------------------------------------- 
 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 
                                                                                                ------------------ 
 An acquisition or disposal of financial instruments 
                                                                                                ------------------ 
 An event changing the breakdown of voting rights 
                                                                                                ------------------ 
 Other (please specify)(iii) :Change in Nature                                                           X 
                                                                                                ------------------ 
 3. Details of person subject to the notification obligation (iv) 
 Name                                              HSBC Holdings PLC 
 City and country of registered office             London, United Kingdom 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name                                              HSBC Bank plc 
                                                    HSBC Global Asset Management (UK) 
                                                    Limited 
                                                    INKA Internationale Kapitalanlagegesellschaft 
                                                    mbH HSBC Private Bank (UK) Limited 
                                                  ---------------------------------------------------------------- 
 City and country of registered office             8, Canada Square, London, E14 5HQ 
  (if applicable) 
                                                  ---------------------------------------------------------------- 
 5. Date on which the threshold was                12/08/2020 
  crossed or reached (vi) : 
                                                  ---------------------------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):    14/08/2020 
                                                  ---------------------------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                               % of voting          % of voting rights        Total of both      Total number 
                              rights attached        through financial         in % (8.A +        of voting rights 
                             to shares (total           instruments                8.B)           of issuer (vii) 
                                 of 8. A)              (total of 8.B 
                                                        1 + 8.B 2) 
                         -----------------------  ----------------------  --------------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                     8.930 %                  1.057 %                9.988 %           537,596,432 
                         -----------------------  ----------------------  --------------------  ------------------ 
 Position of 
  previous notification 
  (if 
  applicable)                    9.080 %                  0.163 %                9.244 % 
                         -----------------------  ----------------------  --------------------  ------------------ 
 
 
 
 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      Number of voting rights                      % of voting rights 
  shares             (ix) 
  ISIN code (if 
  possible) 
                          Direct                Indirect                      Direct                       Indirect 
                    (Art 9 of Directive   (Art 10 of Directive          (Art 9 of Directive          (Art 10 of Directive 
                       2004/109/EC)           2004/109/EC)             2004/109/EC) (DTR5.1)             2004/109/EC) 
                         (DTR5.1)              (DTR5.2.1)                                                 (DTR5.2.1) 
                                         --------------------- 
 GB00BGBN7C04                                48,008,839                                                      8.930 % 
                   --------------------  ---------------------  ----------------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                       48,008,839                                          8.930 % 
                   -------------------------------------------  --------------------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of            Expiration            Exercise/              Number of voting                    % of voting 
 financial           date                  Conversion Period      rights that may                     rights 
 instrument          (x)                   (xi)                   be acquired if 
                                                                  the instrument 
                                                                  is 
                                                                  exercised/converted. 
                   --------------------  ---------------------  ----------------------------------  --------------------- 
 
 
                                          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           Expiration             Exercise/              Physical or      Number of          % of voting 
 financial          date (x)              Conversion              cash             voting rights      rights 
 instrument                               Period (xi)             settlement 
                                                                  (xii) 
                  ---------------------  ---------------------  ---------------  ----------------- 
 Equity Swap                                                                         5,687,072             1.057 % 
                   --------------------  ---------------------  ---------------  ----------------- 
 
                                                                 SUBTOTAL 8.B.2      5,687,072             1.057 % 
                                                                ---------------  ----------------- 
 
 
 
 
 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                     X 
  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) 
           Name (xv)               % of voting rights      % of voting rights      Total of both if 
                                     if it equals or        through financial       it equals or is 
                                   is higher than the       instruments if it       higher than the 
                                  notifiable threshold     equals or is higher    notifiable threshold 
                                                           than the notifiable 
                                                                threshold 
                                -----------------------  ---------------------  ---------------------- 
       HSBC Holdings plc 
                                -----------------------  ---------------------  ---------------------- 
       HSBC UK Holdings 
            Limited 
                                -----------------------  ---------------------  ---------------------- 
         HSBC Bank plc                  7.574 %                 1.057 %                 8.632 % 
                                -----------------------  ---------------------  ---------------------- 
 
       HSBC Holdings plc 
                                -----------------------  ---------------------  ---------------------- 
       HSBC Global Asset 
       Management Limited 
                                -----------------------  ---------------------  ---------------------- 
       HSBC Global Asset 
        Management (UK) 
            Limited                     1.089 %                                         1.089 % 
                                -----------------------  ---------------------  ---------------------- 
 
       HSBC Holdings plc 
                                -----------------------  ---------------------  ---------------------- 
       HSBC UK Holdings 
            Limited 
                                -----------------------  ---------------------  ---------------------- 
         HSBC Bank plc 
                                -----------------------  ---------------------  ---------------------- 
     HSBC Germany Holdings 
              GmbH 
                                -----------------------  ---------------------  ---------------------- 
        HSBC Trinkaus & 
          Burkhardt AG 
                                -----------------------  ---------------------  ---------------------- 
        HSBC Trinkaus & 
     Burkhardt Gesellschaft 
     fur Bankbeteiligungen 
              mbH 
                                -----------------------  ---------------------  ---------------------- 
 INKA Internationale 
  Kapitalanlagegesellschaft 
  mbH                                   0.236 %                                         0.236 % 
                                -----------------------  ---------------------  ---------------------- 
 
 HSBC Holdings Plc 
                                -----------------------  ---------------------  ---------------------- 
 HSBC UK Holdings 
  Limited 
                                -----------------------  ---------------------  ---------------------- 
 HSBC UK Bank plc 
                                -----------------------  ---------------------  ---------------------- 
 HSBC Private Bank 
  (UK) Limited                          0.029 %                                         0.029 % 
                                -----------------------  ---------------------  ---------------------- 
 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) 
 The total position includes stock borrow of 17,142 shares 
 
 
 
 Place of completion   London, United Kingdom 
 Date of completion    14/08/2020 
                      ----------------------- 
 

Notes

(i) Please note that national forms may vary due to specific national legislation (Article 3(1a) of Directive 2004/109/EC) as for instance the applicable thresholds or information regarding capital holdings.

(ii) Full name of the legal entity and further specification of the issuer or underlying issuer, provided it is reliable and accurate (e.g. address, LEI, domestic number identity). Indicate in the relevant section whether the issuer is a non UK issuer.

(iii) Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g. expiring of financial instruments) or acting in concert.

(iv) This should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of or exercising voting rights in the cases provided for in DTR5.2.1 (b) to (h)/ Article 10 (b) to (h) of Directive 2004/109/EC; (c) all parties to the agreement referred to in Article 10 (a) of Directive 2004/109/EC (DTR5.2.1 (a)) or (d) the holder of financial instruments referred to in Article 13(1) of Directive 2004/109/EC (DTR5.3.1).

As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g. same or different total positions of the parties, entering or exiting of acting in concert by a single party) the standard form does not provide for a specific method how to notify cases of acting in concert.

In relation to the transactions referred to in points (b) to (h) of Article 10 of Directive 2004/109/EC (DTR5.2.1 (b) to (h)), the following list is provided as indication of the persons who should be mentioned:

- in the circumstances foreseen in letter (b) of Article 10 of that Directive (DTR5.2.1 (b)), the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;

- in the circumstances foreseen in letter (c) of Article 10 of that Directive (DTR5.2.1 (c)), the natural person or legal entity holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and natural person or legal entity lodging the collateral under these conditions;

- in the circumstances foreseen in letter (d) of Article 10 of that Directive (DTR5.2.1 (d)), the natural person or legal entity who has a life interest in shares if that person or entity is entitled to exercise the voting rights attached to the shares and the natural person or legal entity who is disposing of the voting rights when the life interest is created;

- in the circumstances foreseen in letter (e) of Article 10 of that Directive (DTR5.2.1 (e)), the controlling natural person or legal entity and, provided it has a notification duty at an individual level under Article 9 (DTR 5.1), under letters (a) to (d) of Article 10 of that Directive (DTR5.2.1 (a) to (d)) or under a combination of any of those situations, the controlled undertaking;

- in the circumstances foreseen in letter (f) of Article 10 of that Directive (DTR5.2.1 (f)), the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion;

- in the circumstances foreseen in letter (g) of Article 10 of that Directive (DTR5.2.1 (g)), the natural person or legal entity that controls the voting rights;

- in the circumstances foreseen in letter (h) of Article 10 of that Directive (DTR5.2.1 (h)), the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion (e.g. management companies).

(v) Applicable in the cases provided for in Article 10 (b) to (h) of Directive 2004/109/EC (DTR5.2.1 (b) to (h). This should be the full name of the shareholder who is the counterparty to the natural person or legal entity referred to in Article 10 of that Directive (DTR5.2) unless the percentage of voting rights held by the shareholder is lower than the lowest notifiable threshold for the disclosure of voting rights holdings in accordance with national practices (e.g. identification of funds managed by management companies).

(vi) The date on which threshold is crossed or reached should be the date on which the acquisition or disposal took place or the other reason triggered the notification obligation. For passive crossings, the date when the corporate event took effect.

(vii) The total number of voting rights shall be composed of all the shares, including depository receipts representing shares, to which voting rights are attached even if the exercise thereof is suspended.

(viii) If the holding has fallen below the lowest applicable threshold in accordance with national law, please note that it might not be necessary in accordance with national law to disclose the extent of the holding, only that the new holding is below that threshold.

(ix) In case of combined holdings of shares with voting rights attached "direct holding" and voting rights "indirect holding", please split the voting rights number and percentage into the direct and indirect columns - if there is no combined holdings, please leave the relevant box blank.

(x) Date of maturity/expiration of the financial instrument i.e. the date when right to acquire shares ends.

(xi) If the financial instrument has such a period - please specify this period - for example once every 3 months starting from [date].

(xii) In case of cash settled instruments the number and percentages of voting rights is to be presented on a delta-adjusted basis (Article 13(1a) of Directive 2004/109/EC) (DTR 5.3.3.A).

(xiii) If the person subject to the notification obligation is either controlled and/or does control another undertaking then the second option applies.

(xiv) The full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity has to be presented also in the cases, in which only on subsidiary level a threshold is crossed or reached and the subsidiary undertaking discloses the notification as only thus the markets get always the full picture of the group holdings. In case of multiple chains through which the voting rights and/or financial instruments are effectively held the chains have to be presented chain by chain leaving a row free between different chains (e.g.: A, B, C, free row, A, B, D, free row, A, E, F etc.).

(xv) The names of controlled undertakings through which the voting rights and/or financial instruments are effectively held have to be presented irrespectively whether the controlled undertakings cross or reach the lowest applicable threshold themselves.

(xvi) Example: Correction of a previous notification.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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