TIDMJPR

RNS Number : 5567K

Johnston Press PLC

25 June 2014

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
  (i) 
 
 
 1. Identity of the issuer or the        Johnston Press Plc ("JP") 
  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) subject      PanOcean Management Limited 
  to the notification obligation: 
  (iii) 
-------------------------------------  ------------------------------------- 
 4. Full name of shareholder(s)              1. UBS AG Singapore 
  (if different from 3.): (iv)                (nominee for Gromwell Limited) 
                                              2. UBS AG 
                                              (nominee for EFL Limited) 
-------------------------------------  ------------------------------------- 
 5. Date of the transaction and date    13 June 2014 
  on which the threshold is crossed 
  or reached: (v) 
-------------------------------------  ------------------------------------- 
 6. Date on which issuer notified:      13 June 2014 
-------------------------------------  ------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                    10.63% 
-------------------------------------  ------------------------------------- 
 
 
 8. Notified details: 
--------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
--------------------------------------------------------------------------------------------------------- 
 Class/type            Situation previous        Resulting situation after the triggering 
  of                    to the triggering         transaction 
  shares                transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
--------------------  ------------------------  --------------------------------------------------------- 
                       Number       Number       Number       Number of voting       % of voting rights 
                        of           of           of shares    rights                 (x) 
                        Shares       Voting 
                                     Rights 
--------------------  -----------  -----------  -----------  ---------------------  --------------------- 
                                                 Direct       Direct   Indirect      Direct     Indirect 
                                                               (xi)     (xii) 
--------------------  -----------  -----------  -----------  -------  ------------  ---------  ---------- 
 ORD GBP 0.10 
  ISIN GB0004769682    63,973,976   63,973,976       -          -      562,746,716      -         10.63 
--------------------  -----------  -----------  -----------  -------  ------------  ---------  ---------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------- 
 Type of financial   Expiration     Exercise/       Number of voting         % of voting 
  instrument          date (xiii)    Conversion      rights that              rights 
                                     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 financial   Exercise   Expiration   Exercise/     Number of voting     % of voting 
  instrument          price      date         Conversion    rights instrument    rights (xix, 
                                 (xvii)       period        refers to            xx) 
                                              (xviii) 
------------------  ---------  -----------  ------------  -------------------  ---------------- 
                                                                                Nominal   Delta 
------------------  ---------  -----------  ------------  -------------------  --------  ------ 
         -              -           -             -                -               -        - 
------------------  ---------  -----------  ------------  -------------------  --------  ------ 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
  562,746,716              10.63 
------------------------  ---------------------------- 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------- 
 
        The voting rights attached to the ordinary shares in JP of 10 pence each 
        are held by the following controlled undertakings :- 
 
         *    Gromwell Limited ("Gromwell") - 534,442,745 (10.1%) 
              voting rights 
 
 
         *    EFL Limited ("EFL") - 28,303,971 (0.53%) voting 
              rights 
 
 
 
        The chain of controlled undertakings through which the afore-mentioned 
        voting rights are effectively held is as follows :- 
 
         *    Gromwell is a wholly-owned undertaking of Usaha Tegas 
              Sdn Bhd ("UTSB"). 
 
 
         *    EFL is a wholly-owned undertaking of Excorp Holdings 
              Holdings Limited ("EHL"). 
 
 
         *    Pacific States Investment Limited ("PSIL") has a 
              direct controlling interest of 9,999,998 ordinary 
              shares of RM1.00 each representing 99.999% of the 
              issued share capital in UTSB. 
 
 
         *    The shares in PSIL are held 100% by Excorp Holdings 
              N.V. ("Excorp"). 
 
 
         *    The shares in Excorp and EHL are in turn held 100% by 
              PanOcean Management Limited ("POML"). 
 
 
         *    POML is the trustee of a discretionary trust, the 
              beneficiaries of which are members of the family of 
              Ananda Krishnan Tatparanandam and foundations 
              including those for charitable purposes. 
-------------------------------------------------------------------------------- 
 
 
 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:                 Ooi Boon Leong 
-------------------------------  ---------------- 
 15. Contact telephone number:     +603 2380 6688 
-------------------------------  ---------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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