TIDMFOXT

RNS Number : 9955K

Foxtons Group PLC

27 September 2016

 
 For filings with the FCA 
  include the annex 
 For filings with issuer exclude 
  the annex 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or                                                                    Foxtons Group PLC 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-------------------------------------------------------  --------------------------------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
------------------------------------------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights                                           X 
-----------------------------------------------------------  ----------------------------------------------------- 
 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 
-----------------------------------------------------------  ----------------------------------------------------- 
 Other (please 
  specify): 
------------------------------------------------------  ---  ----------------------------------------------------- 
 3. Full name of person(s)                                                               Select Equity Group, L.P. 
  subject to the                                                                                    George Loening 
  notification obligation: 
  (iii) 
-------------------------------------------------------  --------------------------------------------------------- 
 4. Full name of shareholder(s)                                                                   Bank of New York 
  (if different from 3.):(iv)                                                                               Mellon 
                                                                                                    Brown Brothers 
                                                                                                          Harriman 
                                                                                                     Credit Suisse 
                                                                                                      State Street 
-------------------------------------------------------  --------------------------------------------------------- 
 5. Date of the transaction                                                                          04 March 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-------------------------------------------------------  --------------------------------------------------------- 
 6. Date on which issuer                                                                         23 September 2016 
  notified: 
-------------------------------------------------------  --------------------------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                                           12% 
-------------------------------------------------------  --------------------------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                   Resulting situation after the 
  of             to the triggering                    triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  -----------------------------------  ------------------------------------------------------------------ 
                Number            Number             Number          Number of                % of voting 
                of                 of                 of shares       voting                   rights (x) 
                Shares             Voting                             rights 
                                   Rights 
-------------  ----------------  -----------------  --------------  -----------------------  ------------------------- 
                                                     Direct          Direct     Indirect      Direct        Indirect 
                                                                     (xi)        (xii) 
-------------      ------------    -------------    --------------  ---------  ------------  ------------  ----------- 
 GB00BCKFY513                     32,727,367                                    33,165,896                  12.056% 
               ----------------  -----------------  --------------  ---------  ------------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration      Exercise/                          Number of voting           % of voting 
 financial           date            Conversion                         rights that                rights 
 instrument          (xiii)          Period (xiv)                       may be 
                                                                        acquired if 
                                                                        the 
                                                                        instrument 
                                                                        is 
                                                                        exercised/ 
                                                                        converted. 
-----------------  --------------  ---------------------------------  -------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise        Expiration       Exercise/         Number of voting           % of voting 
 financial         price          date             Conversion         rights instrument          rights (xix, 
 instrument                       (xvii)           period             refers to                  xx) 
                                                   (xviii) 
---------------  --------------  ---------------  ----------------  -------------------------  ----------------------- 
                                                                                                Nominal       Delta 
---------------  --------------  ---------------  ----------------  -------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                               Percentage of voting rights 
----------------------------------------------------  ---------------------------------------------------------------- 
 33,165,896                                            12.056% 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------- 
 
   George Loening is the ultimate majority owner of Select 
   Equity Group, L.P. The position that is the subject 
   of this disclosure is held through a number of funds 
   and managed accounts which are managed on a discretionary 
   basis by Select Equity Group, L.P. 
 
 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: 
-------------------------------------------------------------  ------------------ 
 14. Contact name:                                                Tracy J. Thomas 
-------------------------------------------------------------  ------------------ 
 15. Contact telephone number:                                  +1 (212) 601 9691 
-------------------------------------------------------------  ------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 27, 2016 11:46 ET (15:46 GMT)

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