TIDMJPR

RNS Number : 0586L

Johnston Press PLC

06 January 2016

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                     Johnston Press 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 
-------------------------------------------------------------------------------------  ------- 
 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                                          Internal Re - organisation      þ 
  specify): 
-----------------------------------------------------  ------------------------------  ------- 
 3. Full name of person(s)                               Orbis Allan Gray Limited (parent) 
  subject to the 
  notification obligation:                                Orbis Investment Management 
  (iii)                                                   Limited (investment manager 
                                                          and controlled undertaking) 
 
                                                          Orbis Asset Management Limited 
                                                          (investment manager and controlled 
                                                          undertaking) 
 
                                                          Orbis Portfolio Management 
                                                          (Europe) LLP (investment manager 
                                                          and controlled undertaking) 
------------------------------------------------------  -------------------------------------- 
 4. Full name of shareholder(s)                          Vidacos Nominees Limited 
  (if different from 3.):(iv) 
                                                          HSBC Custody Nominees (Australia) 
                                                          Ltd 
------------------------------------------------------  -------------------------------------- 
 5. Date of the transaction                              1 January 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
------------------------------------------------------  -------------------------------------- 
 6. Date on which issuer                                 6 January 2016 
  notified: 
------------------------------------------------------  -------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                     13% 
------------------------------------------------------  -------------------------------------- 
 
 
 
 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) 
--------------      ------------    ------------    --------------  ---------  ------------  ------------  ----------- 
 
 
  GB00BRK8Y334   9,103,248         9,103,248                                    14,172,172                  13.39% 
                ----------------  ----------------  --------------  ---------  ------------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration      Exercise/                         Number of voting           % of voting 
  instrument          date            Conversion                        rights that                rights 
                      (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 
----------------------------------------------------  ---------------------------------------------------------------- 
 14,172,172                                            13.39% 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------------------------- 
 
   Orbis Investment Management Limited, Orbis Asset Management 
   Limited and Orbis Portfolio (Europe) LLP are controlled 
   undertakings of Orbis Allan Gray Limited. 
 
 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: 
---------------------------------------------------------------  ---------------------------------- 
 
                                                                  This notification results 
  13. Additional information:                                     from an internal re-organisation 
                                                                  of the Orbis corporate group 
                                                                  that took effect on 1 January 
                                                                  2016. The re-organisation 
                                                                  caused certain entities to 
                                                                  become controlled undertakings 
                                                                  of Orbis Allan Gray Limited 
                                                                  and has, therefore, resulted 

January 06, 2016 11:07 ET (16:07 GMT)

                                                                  in those entities' positions 
                                                                  now being included in the 
                                                                  aggregate position ultimately 
                                                                  controlled held by Orbis 
                                                                  Allan Gray Limited for the 
                                                                  first time as at 1 January 
                                                                  2016. The "Situation previous 
                                                                  to the triggering transaction" 
                                                                  figures in Section 8A of 
                                                                  this notification, therefore, 
                                                                  exclude the positions that 
                                                                  were held by the entities 
                                                                  as at midnight on 31 December 
                                                                  2015. 
---------------------------------------------------------------  ---------------------------------- 
 14. Contact name:                                                Ali Ziai 
---------------------------------------------------------------  ---------------------------------- 
 15. Contact telephone number:                                    +352 28 48 22 22 
---------------------------------------------------------------  ---------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 06, 2016 11:07 ET (16:07 GMT)

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