TIDMARW

RNS Number : 7668F

Arrow Global Group PLC

30 October 2018

TR-1: Standard form for notification of major shareholdings

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)

 
 1. Identity of the issuer or the underlying                                                  Arrow Global Group PLC 
  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                                 X 
  effect to qualifying financial instruments 
----------------------------------------------------------------------------  -------------------------------------- 
 An event changing the breakdown of voting rights 
----------------------------------------------------------------------------  -------------------------------------- 
 Other (please specify): 
----------------------------------------------------------------------------  -------------------------------------- 
 3. Full name of person(s) subject                                         Kairos Investment Management Limited 
  to the notification obligation:                                           as agent for: 
  (iii)                                                                     Kairos Pegasus Fund Ltd, ("PEG SA") 
                                                                            Kairos International Sicav - Pegasus 
                                                                            UCITS ("KIS PEG") 
                                                                          ------------------------------------------ 
 4. Full name of shareholder(s)                                            Kairos Pegasus Fund Ltd, ("PEG SA") 
  (if different from 3.):(iv)                                               Kairos International Sicav - Pegasus 
                                                                            UCITS ("KIS PEG") 
                                                                          ------------------------------------------ 
 5. Date of the transaction and date                                                                        15.05.17 
  on which the threshold is crossed 
  or reached: (v) 
                                                                          ------------------------------------------ 
 6. Date on which issuer notified:                                                                          30.10.18 
                                                                          ------------------------------------------ 
 7. Threshold(s) that is/are crossed                                                    GOING BELOW 3% 
  or 
  reached: (vi, vii) 
                                                                          ------------------------------------------ 
 
 
 
 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) 
                   ----------  ---------  -----------  --------  ---------  ---------  ---------- 
 
   GB00BDGTXM 
   47               107000      107000     107000       107000    0.00       0.06       0.00 
                   ----------  ---------  -----------  --------  ---------  ---------  ---------- 
 
 
 B: Qualifying Financial Instruments 
                                                        -------------------------- 
 Resulting situation after the triggering 
  transaction 
------------------------------------------------------  --------------------------  ------------ 
 Type of financial   Expiration     Exercise/            Number of voting            % of voting 
  instrument          date (xiii)    Conversion Period    rights that may             rights 
                                     (xiv)                be acquired if 
                                                          the instrument 
                                                          is exercised/ converted. 
                    -------------  -------------------  --------------------------  ------------ 
 N/A                 N/A            N/A                  N/A                         N/A 
                    -------------  -------------------  --------------------------  ------------ 
 
 
 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 rights 
  instrument          price      date (xvii)    Conversion    rights                (xix,) xx 
                                                period        instrument refers 
                                                (xviii)       to 
                    ---------  -------------  ------------  -------------------  ---------------------- 
                                                                                  Nominal       Delta 
                    ---------  -------------  ------------  -------------------  ------------  -------- 
 
 Contract for 
  difference                    07.06.18                     4,237,457              2.42% 
                     N/A 
  Contract for 
  difference          N/A        15.01.26                     822,139               0.47% 
                    ---------  -------------  ------------  -------------------  ------------  -------- 
 
 
 Total (A+B+C) 
 Number of voting rights   Percentage of voting rights 
                          ---------------------------- 
 5,166,596                 2.95% 
                          ---------------------------- 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the financial instruments are effectively held, if applicable: (xxi) 
 
       As at 15.05.17, KIML acting as agent for KISPEG and PEG SA held 3.02% 
                                                   interest in Arrow Global. 
                                                                      Split: 
                  Ordinary Shares with voting rights 107,000 = 0.06% KIS Peg 
       Swap held with Goldman Sachs - Expiry 15.01.26 822,139 = 2.48% PEG SA 
       Swap held with Morgan Stanley - Expiry 07.06.18 4,237,457 = 0.48% KIS 
                                                                         PEG 
 
 
      As at 15.10.18 (date of notification), KIML acting as agent for KISPEG 
   and PEG SA does not hold any interest in Arrow Global, As such it remains 
                                                          BELOW 3% at 0.00%, 
 
 
 Proxy Voting: 
 10. Name of the proxy holder:                   Kairos Investment Management 
                                                                      Limited 
                                                ----------------------------- 
 11. Number of voting rights proxy holder will                            N/A 
  cease to hold: 
                                                ----------------------------- 
 12. Date on which proxy holder will cease to                             N/A 
  hold voting rights: 
                                                ----------------------------- 
 
 
 
   13. Additional information:             None 
 14. Contact name:                Sophie Howard 
                                 -------------- 
 15. Contact telephone number:    020 7398 3060 
                                 -------------- 
 

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END

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