TIDMFLOW

RNS Number : 2599I

Flowgroup plc

15 June 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                            Flowgroup 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                                   P 
------------------------------------------------------------  ----------------------------------- 
 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)                                    Palm Active Partners LLC 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------ 
 4. Full name of shareholder(s)                               Disclosure on behalf of accounts 
  (if different from 3.):(iv)                                  managed on a discretionary 
                                                               basis by Palm Palm Active 
                                                               Partners. 
                                                               Palm Global Small Cap Master 
                                                               Fund LP : 22,900,000 
                                                               Palm Active Energy LP: 63,000,000 
                                                               Provincial Housing Estates 
                                                               Ltd: 5,000,000 
-----------------------------------------------------------  ------------------------------------ 
 5. Date of the transaction                                   13/06/2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------ 
 6. Date on which issuer                                      15/06/2017 
  notified: 
-----------------------------------------------------------  ------------------------------------ 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                          3%, 4%, 5%, 6% 
-----------------------------------------------------------  ------------------------------------ 
 
 
 
 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) 
--------------    ------------   ------------   -------------  ---------  -----------  --------  --------- 
 GB00B19H7076                                                              90,900,000             6.39% 
                                                                          -----------  --------  --------- 
 
 
 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 
-----------------------------------------------  --------------------------------------------------------- 
 90,900,000                                       6.39% 
-----------------------------------------------  --------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------------- 
 
   See section 4 
 
 Proxy Voting: 
--------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                                      n/a 
-------------------------------------------------------  ------------------------------ 
 11. Number of voting rights proxy 
  holder will cease to hold: 
-------------------------------------------------------  ------------------------------ 
 12. Date on which proxy holder will 
  cease to hold voting rights: 
-------------------------------------------------------  ------------------------------ 
 
 
  13. Additional information:                              Figures are based on a total 
                                                             number of voting rights of 
                                                               1,423,583,793 as per the 
                                                               Company's fundraising of 
                                                              GBP29 million & Result of 
                                                           General Meeting Announcement 
                                                                                     of 
                                                                          12 June 2017. 
-------------------------------------------------------  ------------------------------ 
 14. Contact name:                                        Craig Connors 
-------------------------------------------------------  ------------------------------ 
 15. Contact telephone number:                            +1 203 302 7023 
-------------------------------------------------------  ------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 15, 2017 12:41 ET (16:41 GMT)

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