Driver Group plc Holding(s) in Company (4705Z)
15 March 2017 - 3:55AM
UK Regulatory
TIDMDRV
RNS Number : 4705Z
Driver Group plc
14 March 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
------------------------------------------------------------------------------------------------
1. Identity of the issuer or Driver Group plc
the underlying issuer
of existing shares to which
voting rights are
attached:
--------------------------------------------------------- -------------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
------------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights Yes
------------------------------------------------------------- ---------------------------------
An acquisition or disposal of qualifying financial No
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
------------------------------------------------------------- ---------------------------------
An acquisition or disposal of instruments with No
similar economic effect to qualifying financial
instruments
------------------------------------------------------------- ---------------------------------
An event changing the breakdown of voting rights Yes
------------------------------------------------------------- ---------------------------------
Other (please N/A
specify):
-------------------------------------------------------- --- ---------------------------------
3. Full name of person(s) Livingbridge VC LLP
subject to the
notification obligation:
--------------------------------------------------------- -------------------------------------
4. Full name of shareholder(s) Baronsmead Venture Trust plc
(if different from 3.): - 4.09%
Baronsmead Second Venture
Trust plc - 5.50%
Wood Street Microcap Investment
Fund - 5.15%
--------------------------------------------------------- -------------------------------------
5. Date of the transaction 10/03/2017
and date on
which the threshold is
crossed or
reached:
--------------------------------------------------------- -------------------------------------
6. Date on which issuer 14/03/2017
notified:
--------------------------------------------------------- -------------------------------------
7. Threshold(s) that is/are
crossed or
reached: 15%
--------------------------------------------------------- -------------------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
----------------------------------------------------------------------------------------------------------------------
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
------------- ------------ ------------ -------------- --------- ------------- ------------ -----------
Ord GBP0.4
GB00B0L9C092 5,115,805 15.92% 7,865,805 14.74%
---------------- ---------------- -------------- --------- ------------- ------------ -----------
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 Period may be
acquired if
the
instrument
is
exercised/
converted.
----------------- -------------- -------------------------------- -------------------------- ---------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights
instrument period refers to
--------------- -------------- -------------- ---------------- -------------------------- -----------------------
Nominal Delta
--------------- -------------- -------------- ---------------- -------------------------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------------- -----------------------------------------------------------------
7,865,805 14.74%
--------------------------------------------------- -----------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
---------------------------------------------------------------
Livingbridge VC LLP
Baronsmead Venture Trust plc
Baronsmead Second Venture Trust plc
Registered in the name of JP Morgan
Livingbridge VC LLP
Wood Street Microcap Investment Fund
Registered in the name of Bank of New York Mellon
Proxy Voting:
---------------------------------------------------------------
10. Name of the proxy holder: Livingbridge VC LLP
---------------------------------------- ---------------------
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: Karen Huxley
---------------------------------------- ---------------------
15. Contact telephone number: 020 7506 5643
---------------------------------------- ---------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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