Watchstone Group PLC Holding(s) in Company (2073F)
May 16 2017 - 2:01AM
UK Regulatory
TIDMWTG
RNS Number : 2073F
Watchstone Group PLC
16 May 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or WATCHSTONE 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 ü
------------------------------------------------------ -------------------------------
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) BEACH POINT CAPITAL MANAGEMENT
subject to the LP
notification obligation:
(iii)
----------------------------------------------------- --------------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv)
----------------------------------------------------- --------------------------------
5. Date of the transaction 12 May 2017
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------- --------------------------------
6. Date on which issuer 15 May 2017
notified:
----------------------------------------------------- --------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 14%
----------------------------------------------------- --------------------------------
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 voting % of voting
of of of shares rights rights
Shares Voting (x)
Rights
------------- ---------------- ----------------- ---------------- --------------------------- -------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ------------ ------------- ---------------- ------------ ------------- -------- ---------
GB00BYNBFN51 6,285,977 6,285,977 6,446,581 6,446,581 14.00
------------- ---------------- ----------------- ---------------- ------------ ------------- -------- ---------
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
---------------------------------------------------------------- ----------------------------------------------------
6,446,581 14.00
---------------------------------------------------------------- ----------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
---------------------------------------------------------------------------
Proxy Voting:
---------------------------------------------------------------------------
10. Name of the proxy holder: N/A
------------------------------------------------------- ------------------
11. Number of voting rights proxy N/A
holder will cease to hold:
------------------------------------------------------- ------------------
12. Date on which proxy holder will N/A
cease to hold voting rights:
------------------------------------------------------- ------------------
13. Additional information:
------------------------------------------------------- ------------------
14. Contact name: Khoa D. Le
------------------------------------------------------- ------------------
15. Contact telephone number: +001 310 996 9657
------------------------------------------------------- ------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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