System1 Group PLC Holding(s) in Company
May 24 2024 - 5:30AM
RNS Regulatory News
RNS Number : 8419P
System1 Group PLC
24 May 2024
System1 Group PLC (AIM:
SYS1)
("System1", or "the
Company", or "the Group")
TR1: Notification of major
holdings
On 24th May 2024, the
Company received the TR1 Standard form for notification
of major holdings as disclosed below:
TR-1: Standard form for notification of major
holdings
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1a.
Identity of the issuer or the underlying issuer of existing shares
to which voting rights are attachedii:
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System1 Group plc
LEI: 213800TDLR42C3Q9ZB74
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1b.
Please indicate if the issuer is a non-UK
issuer
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Non-UK issuer
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2.
Reason for the notification
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An acquisition or disposal of voting
rights
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X
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An acquisition or disposal of
financial instruments
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An event changing the breakdown of
voting rights
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Other (please
specify)iii:
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3.
Details of person subject to the notification
obligationiv
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Name
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Kestrel Partners LLP
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City and country of registered office
(if applicable)
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LONDON, UK
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4.
Full name of shareholder(s) (if
different from 3.)v
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Name
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Kestrel Opportunities, a cell of
Guernsey Portfolios PCC Ltd (through Bank of New York Nominees Ltd)
and a client of Kestrel Partners LLP (through Bank of New York
Nominees Ltd)
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City and country of registered office
(if applicable)
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5.
Date on which the threshold was crossed or
reachedvi:
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23 May 2024
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6.
Date on which issuer notified:
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24 May 2024
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7.
Total positions of person(s) subject to the notification
obligation
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% of voting rights attached to shares
(total of 8. A)
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% of voting rights through financial
instruments
(total of 8.B 1 + 8.B 2)
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Total of both in % (8.A +
8.B)
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Total number of voting rights of
issuervii
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Resulting situation on the date on
which threshold was crossed or reached
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5.32%
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5.32%
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674,000
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Position of previous notification
(if
applicable)
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0%
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0%
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8.
Notified details of the resulting situation on the date on which
the threshold was crossed or reachedviii
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A:
Voting rights attached to shares
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Class/type of
shares
ISIN code (if possible)
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Number of voting rightsix
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% of
voting rights
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Direct
(Art 9 of Directive 2004/109/EC)
(DTR5.1)
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Indirect
(Art 10 of Directive 2004/109/EC)
(DTR5.2.1)
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Direct
(Art 9 of Directive 2004/109/EC)
(DTR5.1)
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Indirect
(Art 10 of Directive 2004/109/EC)
(DTR5.2.1)
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Ordinary Shares of 1p each
ISIN GB00B1GVQH21
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674,000
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5.32%
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SUBTOTAL 8. A
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674,000
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5.32%
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B 1:
Financial Instruments according to Art. 13(1)(a) of Directive
2004/109/EC (DTR5.3.1.1 (a))
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Type
of financial instrument
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Expiration
datex
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Exercise/
Conversion Periodxi
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Number of voting rights that may be acquired if the instrument
is
exercised/converted.
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% of
voting rights
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SUBTOTAL 8. B 1
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B 2:
Financial Instruments with similar economic effect according to
Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1
(b))
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Type
of financial instrument
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Expiration
datex
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Exercise/
Conversion Period xi
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Physical or cash
settlementxii
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Number of voting rights
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% of
voting rights
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SUBTOTAL 8.B.2
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9.
Information in relation to the person subject to the notification
obligation (please mark
the
applicable box with an
"X")
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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
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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)
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Namexv
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% of
voting rights if it equals or is higher than the notifiable
threshold
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% of
voting rights through financial instruments if it equals or is
higher than the notifiable threshold
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Total of both if it equals or is higher than the notifiable
threshold
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Bank of New York Nominees
Ltd
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3.45%
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3.45%
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Bank of New York Nominees
Ltd
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1.87%
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1.87%
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10.
In case of proxy voting, please identify:
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Name of the proxy holder
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N/A
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The number and % of voting rights
held
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N/A
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The date until which the voting
rights will be held
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N/A
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11.
Additional informationxvi
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The indirect voting rights held under
(9) relate to shares held in client portfolios managed by
Kestrel
Partners LLP under discretionary
investment management agreements reported in accordance with DTR
5.1.5 (1) (a)
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Place of completion
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London
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Date
of completion
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24 May 2024
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The Company can be found at
www.system1group.com.
For
further information, please contact:
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System1 Group PLC
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Tel: +44 (0)20 7043 1000
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James Gregory, Chief Executive
Officer
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Chris Willford, Chief Financial
Officer
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Canaccord Genuity Limited
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Tel: +44 (0)20 7523 8000
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Simon Bridges / Andrew Potts / Harry
Rees
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